# Research Scholar Robert Frank is cited for his support of a consumption tax

1 Faculty News June 7, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2012-06-07/too-much-faith-in-markets-denies-us-the-good-life.html) -- "The economist [Robert Frank](http://www.stern.nyu.edu/faculty/bio/robert-frank) has suggested doing this via a consumption tax, patterned after a 1955 proposal by Nicholas Kaldor. All spending above $7,500 per person would be subjected to an escalating rate of tax."

[Read more](http://www.bloomberg.com/news/2012-06-07/too-much-faith-in-markets-denies-us-the-good-life.html)