3 ms·
The problem is that VAT is strongly regressive. If you wanted to remove income tax, you’d have to increase VAT but also give negative income tax (ie handouts) t
by namdnay 5y ago
The problem is that VAT is strongly regressive. If you wanted to remove income tax, you’d have to increase VAT but also give negative income tax (ie handouts) to everyone in the bottom 2-3 deciles