Comments by "" (@TheHuxleyAgnostic) on "Democratic Wins Stun Kentucky u0026 Virginia" video.
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@therationalnational Side note, David: As a Canadian living with a VAT (GST), you should do a bit on how a VAT actually works, for Yang and his gang. They seem to be clueless about the fact that it's built into the system that businesses get paid back for their input VAT. Meaning, Yang's claim that a VAT forces corporations to "pay their fair share" is bogus.
Many gangers also seem to be under the delusion that exempting "staples" means only big ticket luxury items will be taxed. We exempt staples, here in Canada, but that doesn't include the electric bill, phone bill, internet bill, cable bill, toys, games, basically any entertainment with a cost, non staple snacks and pop, personal hygiene products, household cleaning products, home maintenance, vehicle maintenance ... many things that still affect ordinary people.
Since it doesn't actually tax corporations like Amazon, handing consumers $3t, and Amazon's share of consumer spending being 2%, instead of making them pay, he'll make them an extra $60b a year. That would make Bezos something like an extra $12b a year. He'd have to personally blow over $120b a year on goods and services with a VAT to pay in more than he'd get out of the plan. If giant corporations and the super rich get more out of the plan than they pay in, that means someone else is paying in more than they're getting out.
Since it does tax many day to day items, those already getting $1000+ a month in government assistance would be worse off. Opting in or out won't give them any extra money, but they can't opt out of paying a VAT. As an example: any single parent on full SSI disability ($775), that currently stacks with SNAP ($355+ for household of 2+), will be worse off. Yang has neither stack with UBI.
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