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re: Andrew Yang on Google, Amazon helping pay for his $1,000-per-month UBI plan
Posted on 8/20/19 at 7:35 am to OleWarSkuleAlum
Posted on 8/20/19 at 7:35 am to OleWarSkuleAlum
quote:
We can easily institute a VAT
On top of sales tax, property tax, excise tax, luxury tax, income tax, etc., now you want to add a VAT on top of it?
You know that the economy is resistant to taxation of much more than 19 to 21 percent.
My biggest problem with a VAT tax is what is it for? It's a "just because" tax.
1
Posted on 8/20/19 at 9:34 am to Ace Midnight
quote:
My biggest problem with a VAT tax is what is it for? It's a "just because" tax.
So we are lucky that we had decent non-activits judges back in the day. It has already been ruled by the supreme court that taxes just to tax are unconstitutional and that any new tax has to be appropriated towards something. This is why we should theoretically should never have a wealth or VAT here, but activist judges will most likely change that
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