Sachs, Jeffrey, “Choices for America’s Economic Future,” lecture, Columbia University, 11/16/09

Sachs Student Lecture - Choices for America’s Economic Future from Earth Institute on Vimeo.

“…The things that President Obama wants to do: better education, sustainable energy, new transport, improved infrastructure, green recovery, improved international relations, development assistance for hungry people - all of that costs money…”

“…Basically we need new taxes.  And, the difference essentially that I would recommend is introducing a Value Added Tax…something like a 12% VAT rate…”