Very disappointed with Bruening's reasoning here.
http://mattbruenig.com/2017/04/05/why-co...-are-fine/
I reply to him via twitter the following:
--- Matt, by regressive, critics mean that the levy is the same for the rich & poor. The rich won't feel the tax, the poor will.
Also, since you're talking about the US, US Federal Taxes don't fund anything. They simply create demand for the US dollar.
State governments, unlike the Fed Government, are constrained in their spending by what they can borrow, tax, and receive from the Fed Gov.
So if you want state governments to levy a 10% VAT, that's fine. But there's absolutely no reason why the Fed Gov should levy a VAT.
If you want to tax the rich, levy a progressive tax on all incomes, that only the opulent minority will qualify to pay. ---
Consumption taxes are fine? No, they're not |
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Helsworth Heathen ![]() ![]() ![]() ![]() ![]() Posts: 8,854 Words count: 1,597,963 Group: Super Moderators Joined: Nov2008 Status: Offline Reputation: 146 Experience: 859 Glory Points: 260 Medals: 11 |
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06.04.2017 08:47 |
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Ajay Alcos Unregistered |
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06.04.2017 12:01 |
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Helsworth Heathen ![]() ![]() ![]() ![]() ![]() Posts: 8,854 Words count: 1,597,963 Group: Super Moderators Joined: Nov2008 Status: Offline Reputation: 146 Experience: 859 Glory Points: 260 Medals: 11 |
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06.04.2017 13:50 |
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