6 ms·
Regressive taxes do not correct the use of money as a tool of political empowerment, though. They cause the problem. Its not about having social safety nets, it
by zanny 11y ago
Regressive taxes do not correct the use of money as a tool of political empowerment, though. They cause the problem. Its not about having social safety nets, its about nobody having the wealth to be powerful enough to own government.
- chongli 11y agoSure they would. Just imagine we had a 100% VAT on all goods and services (except essentials such as food). Now imagine you're running ZannyPAC with a fund of $100 million dedicated to the campaign of Joe Sixpack for US president. By law right now you can't just give Joe Sixpack all that money; you have to spend it on his behalf through advertising, venues, promotional materials, etc. Well guess what? For all of those things you'd be stuck paying the 100% VAT; that means $50 million of your fund would be taxed and used to pay for services to help people: health care, child care, parental leave, housing.