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One of the challenges we have with our current tax code is the fact that it's based on income (salary, capital gains, etc). One idea is to use a value-added tax
by jasonshen 8y ago
One of the challenges we have with our current tax code is the fact that it's based on income (salary, capital gains, etc). One idea is to use a value-added tax (VAT) that allows all consumption to be taxed. This is a big part of Andrew Yang's campaign to fund UBI.
https://www.yang2020.com/policies/value-added-tax/ https://www.yang2020.com/policies/value-added-tax/
He also wants to increase the IRS's funding which would help go after those super rich people and their lawyers.
- dredmorbius 8y agoOr wealth / property taxes. Or exim taxes on international money transfers. Or taxes on bank balances, particularly offshore. https://en.wikisource.org/wiki/The_Wealth_of_Nations/Book_V/Chapter_2 https://en.wikisource.org/wiki/The_Wealth_of_Nations/Book_V/...