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GDP doesn't measure people's income. It measures capital expenditures and consumption. So it would be a 50% sales tax and 50% tax on capital spending.
by sp332 5y ago
GDP doesn't measure people's income. It measures capital expenditures and consumption. So it would be a 50% sales tax and 50% tax on capital spending.
- jl6 5y agoThat’s just another method for estimating the same thing: https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/methodologies/nationalaccounts https://www.ons.gov.uk/economy/nationalaccounts/uksectoracco...
- sp332 5y agoOk but it still includes corporate income. It's not just 50% of people's paychecks.