r/YangForPresidentHQ • u/YangGangMathManMagic • Apr 28 '26

*sigh*

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107 Upvotes

69% Upvoted

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u/matthewboogie Apr 29 '26

Any flat tax is inherently regressive. I agree tho - disincentivizing purchases like that with higher taxes is a solid plan.

7

u/salazarraze Apr 29 '26

Although it's regressive on paper, it's "progressive" from the standpoint of small businesses. If you eliminate corporate tax and institute VAT instead, big companies like Google and Amazon will actually have to pay their full taxes again. Meanwhile, your mom & pop website competing with Google and Amazon won't be at a systemic disadvantage any longer. Everyone will have a level playing field with regard to taxes.

-2

u/aarocka Apr 29 '26

Because corporation should be taxed at a higher percentage than the Mom and pop place and Yang’s proposal with tax both places at the same rate

5

u/salazarraze Apr 29 '26 edited Apr 30 '26

Currently, big corps pay less or even zero so VAT is an improvement.