3 ms·

A sales tax is always regressive, no matter how you tier it. Poor people spend 100% of their income/net worth monthly. The ultra wealth spend something like 0.0

• willmadden 3y ago
  That's why we should have a progressive VAT. Food, household items, and basic durable goods would have low-to-no tax. A luxury mansion or supercar would be taxed at the highest bracket. The ultra wealthy own transnational corporations that don't pay tax, and the ultra wealthy aren't paying tax when they sell shares, unless they are a public officer of said corporations anyway. They have family and multi-family offices that handle all of this. We've got to be more pragmatic about taxation, adhere to the KISS principle.