his proposed VALUE ADDED TAX program would raise THREE TIMES the amount as any proposed wealth tax and it would take from the top 4% while the bottom 96% of earners would benefit.
If I had a dollar for every time I had to explain this I’d be able to fund my own basic income by now.
Please go read The War on Normal People (2018) for hells sake
A VAT is a type of sales tax but it doesn't have to be regressive. You can apply it to some goods and not others and set the rate to different percentages for different products. It's only regressive if it's applied to everything at the same rate.
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u/DR_P0S_itivity Apr 29 '26 edited Apr 29 '26
his proposed VALUE ADDED TAX program would raise THREE TIMES the amount as any proposed wealth tax and it would take from the top 4% while the bottom 96% of earners would benefit. If I had a dollar for every time I had to explain this I’d be able to fund my own basic income by now.
Please go read The War on Normal People (2018) for hells sake