3 ms·
We should implement a digital central bank currency and use it to implement a progressive consumption tax. Vats are great.
by thoughtstheseus 5y ago
We should implement a digital central bank currency and use it to implement a progressive consumption tax. Vats are great.
- rsj_hn 5y agoCorporate profit tax + payroll tax = VAT Except it's super easy to cheat on the left hand side, but hard to cheat on the right. VAT taxes get paid, payroll taxes get mostly paid, but corporate profit taxes - not so much. Unfortunately most progressives don't understand this point and keep thinking that corporate profit taxes are good while VATs are bad, and they are kinda confused about payroll taxes. Then you try to tell them what matters is tax incidence and their heads explode.