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VAT is regressive. Poor people spend a higher fraction of their income on vat-applicable goods. I'm against it on that basis.
by psd1 2y ago
VAT is regressive. Poor people spend a higher fraction of their income on vat-applicable goods. I'm against it on that basis.
- robertlagrant 2y agoNot all goods are VAT-qualified for that reason. We have that safety valve already.
- psd1 2y agoThat sounds a bit like "VAT can't be too bad because we can just not apply it", which I don't find convincing. I agree that it's an easy tax to collect, and I think that's very important. I fundamentally disagree with the grandparent that holds that we should tax flow rather than holding. That's a handbrake on activity. But I suspect we won't reach agreement as it's a question of personal values. If you think that billionaires are great and we need more of them, then I can see how you'd be in favour of vat.