4 ms·
It seems that the line at the bottom about the 10% VAT on many goods and services seems just as interesting as the UBI (especially when the UBI seems to exclude
by trothamel 7y ago
It seems that the line at the bottom about the 10% VAT on many goods and services seems just as interesting as the UBI (especially when the UBI seems to exclude many of the poorest Californians).
I wonder how they will administer the VAT without other states cooperating with them.
- nerdjon 7y agoI am very confused about the math of this, unless California has a surplus of taxes coming in. Without even taking into account the existing tax rate in California, wouldn't this need an average of 10k of spending per person a month getting this to work out? Then again there are enough restrictions on this (seemingly largely the ones that would actually benefit the most from this) that it actually works out...
- Jtsummers 7y agoA VAT would apply to businesses as well as people. Considering the amount of manufacturing in CA, this would be quite significant.
- nerdjon 7y agoOk so that is the part that I was missing. So that does spread that out a bit if you take into account anyone buying those manufactured goods outside of the state. Then that personally raises the question on how this would scale nationwide, the cost to the business would ultimately be largely pushed down to the consumer. Maybe that is getting a bit ahead of ourselves, but I keep hearing about a UBI and I struggle with seeing the logistics of it.