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The problem with VAT is that it's a tax on consumption, not a tax on the accumulation of wealth. It's incongruous with the goals of UBI. A wealth tax and an in
by debacle 11y ago
The problem with VAT is that it's a tax on consumption, not a tax on the accumulation of wealth. It's incongruous with the goals of UBI.
A wealth tax and an income tax are two different things.
- manyoso 11y agoYes, I understand that but a VAT need not be out of step with the goals of a UBI if the UBI is protected from the regression of a VAT by scaling it with the cost of living.