True in general, but the effect of a consumption tax is substantially more pronounced. A VAT hike of 2% hits people that spend their entire income with the full

True in general, but the effect of a consumption tax is substantially more pronounced. A VAT hike of 2% hits people that spend their entire income with the full 2%. But people that spend only 50% of their income in the first place effectively only have a 1% hike.