top | item 24202346

(no title)

oweqruiowe | 5 years ago

Not sure if others have opinions, but I remember when Andrew Yang was campaigning he talked about going after individual's wealth as the incorrect strategy since their wealth lies in their companies e.g. Amazon... and that a better strategy would be to implement a 20% VAT tax so we're gaining value from every transaction of their businesses that's hard to game and quite effective.

A VAT has the advantage of being simple to administer, and it's capturing the gains made via automation at every step of the chain.

Sounds good if true, and I believe most other countries have figured this out and implemented one. We don't talk about it here though.

discuss

order

No comments yet.