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> Also money is fungible Money is fungible but a tax on a specific thing is not fungible to a 'general increase in taxes', raising tax on gasoline its not the
by esrauch 2y ago
> Also money is fungible
Money is fungible but a tax on a specific thing is not fungible to a 'general increase in taxes', raising tax on gasoline its not the same as raising income tax, because the proportion of tax paid is based on gasoline consumption not income.
This tax effectively amounts to an import tax, since the big streaming content is all American companies (Netflix, Disney, Amazon, HBO). It's a protectionist tax to keep up local production just like a tax on imported cars or on foreign owned property is.