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My gut tells me a 10% VAT won't be enough. It's excluding medicine and housing and food. What else do people spend a lot of money on? Cars? Will that really bri
by jeffdavis 7y ago
My gut tells me a 10% VAT won't be enough. It's excluding medicine and housing and food. What else do people spend a lot of money on? Cars? Will that really bring in enough for tens of billions per month?
- Shivetya 7y agoservices is the key, that means every business will be contributing. allowing clothing and food to escape helps those high up the income ladder immensely. I will be curious if it excuses elective medical treatments and supplements. consider how empty section 2 is this is just a trial balloon
- nostrademons 7y agoVAT includes B2B purchases. Presumably that means that 10% of every Facebook/Google/Netflix ad impression ends up going toward funding this program, as well as 10% of the profit of every iPhone. That's a lot of billions.
- jeffdavis 7y agoHmm. It's also pretty hard to imagine that. You're saying that we ask the big tech companies to pay tens of billions per month in taxes?