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> Collect roughly 10% of GDP with a VAT, possibly with a rebate so that the poor don’t have to pay any taxes on the first $25,000 in consumption. How does a re
by al_borland 2y ago
> Collect roughly 10% of GDP with a VAT, possibly with a rebate so that the poor don’t have to pay any taxes on the first $25,000 in consumption.
How does a rebate help the poor? They need the money today, not as a refund around tax time. It also seems like this would be an accounting nightmare, tracking all purchases so they can get their rebate.