COMMODITY TAXATION AND EQUITY.

The article examines the impact of states' sales taxes in the U.S. The author reviews economic literature on expenditure taxation by economists such as Nicholas Kaldor, John Kenneth Galbraith, and Irving Fisher. He explores the meaning and purpose of the terms "regression" and "progression" as they refer to an analysis of expenditure taxes. The policy of excluding food from taxes is explored. The author also discusses liberal government policies, the redistribution of wealth in an affluent society, the Fisher concept of income, and consumption expenditures.