Comments by "" (@TheHuxleyAgnostic) on "Why You Shouldn't Buy What Andrew Yang is Selling" video.
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Most isn't all. There will be a pocket of people already collecting $1000 per month, or more, in assistance who will be worse off if most things cost at least 10% more. Any plan to help the poor shouldn't hurt some of the poor. Also, a single parent's $1000 per month isn't going to go nearly as far as a single non-parent's $1000 per month. Any plan for the poor that doesn't factor in children, and give an increase for children, is crap, especially if things for the children will cost at least 10% more. We exempt basic staples here in Canada, but that doesn't include clothing, which growing kids can plow through, toys, or other entertainment.
On top of having a negative effect on some amount of poor people, he is completely bullshitting that a VAT is a way to make corporations like Amazon "pay their fair share". Corporations simply collect the tax and pass it along to government. The consumers pay the tax.
Many who do end up in the plus will actually spend their extra money on corporations like Amazon, making Amazon even more money. That, in turn, will make people like Bezos even more money, and the more money someone has, the more they hoard. Hoarded money isn't affected by a VAT. The upper middle class and lower end rich, who already spend a lot but don't hoard as much, will be the ones paying into the VAT the most, as a percentage of their income/wealth.
Yang's plan, as is, will hurt some poor people, hurt the upper middle class and low end rich, while making giant corporations and the super rich even richer.
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