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VAT is, unfortunately, a flat tax. Moving to a VAT-only system without any offsets would be the biggest redistribution of wealth (upwards) since the Bush tax cu

• marcosdumay 11y ago
  VAT isn't flat. Since it does not apply to monetary instruments, a VAT is regressive. I still think that VAT with offsets is the best taxation form available (and universal income the best offset form). But it alone is disastrous. And, while we are at it, make sure the VAT is really a VAT, not a sale-value tax. Because it usually is, and it's the one tax form worse than a VAT.