U.S. Border Tax Is a Terrible Economic Idea: Posen

The video discusses the border adjustment tax, highlighting its economic implications and comparing it to a VAT tax. It critiques the tax's potential impact on the US economy, including its effect on exports, the tax base, and global standards. The discussion also covers currency implications and historical examples, particularly Japan's experience with VAT, concluding that the US's unique position as a reserve currency may mitigate significant impacts.

What are the economic effects of a border adjustment tax according to the speaker?

Why do people believe that the US corporate tax code is not favorable to exporting companies?

What are the two problems mentioned regarding the statement that a border adjustment tax is like a VAT tax?

What historical example does the speaker reference to discuss the effects of a value-added tax?

How does the speaker describe the potential impact of a border adjustment tax on the US trade deficit?