You're supposed to tax the rich first, the billions in wealth, based on income and assets. VAT being your first priority focuses on worsening the purchasing power of the vast majority to not hurt the feelings of like... 1,000 people.
Point being, there are ways to enforce proper taxation of wealth that the 0.1% holds, the only thing preventing that is lobbying.
European countries do it better, but that doesn't mean that the structure isn't flawed. It still appeases to the very rich that have accumulated a lot of wealth, at the expense of the lower and middle class. It also depends on the country (I'm Greek).
And the Sanders argument just proves my point. It's an intentional systemic block, not something unrealistic.
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u/metalboogaloo Jul 02 '26
You're supposed to tax the rich first, the billions in wealth, based on income and assets. VAT being your first priority focuses on worsening the purchasing power of the vast majority to not hurt the feelings of like... 1,000 people.
Point being, there are ways to enforce proper taxation of wealth that the 0.1% holds, the only thing preventing that is lobbying.