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Think about the math. Is a VAT actually going to take a third of the income of the average wage earner? No, no it will not.
by beat 8y ago
Think about the math. Is a VAT actually going to take a third of the income of the average wage earner? No, no it will not.
- AnimalMuppet 8y agoWhere did "a third" come from? Why that number? Why do you think that number is relevant? And why do you think it answers anything I have said?
- beat 8y agoI'm round-numbering. Median individual income in the US is a bit over $30k, adding $12k to that is roughly a third. And your claim, which is nonsense, is that the VAT will eat 100% of that $12k.
- AnimalMuppet 8y agoThat is not at all my claim. My claim is that doing this may not grow the economy as a whole. Someone making median income or (especially) less may well benefit; I do not claim that they won't.