There's a very important principle that finally comes out here, it is that you always want to reduce the variance of your portfolio as much as you can.
As taxes go, a VAT is one of the least offensive, and a levy on bank balance sheets that penalizes excessive risk can in principlereduce the likelihood of panics.
Just as Apple has managed phenomenal growth through semi-anonymous business relationships that radically reduce business friction (300, 000 developer relationships and counting), the same principle of using the web to reduce business friction in copyright transactions should make for a more nimble economy and faster growth.
