Comments by "" (@TheHuxleyAgnostic) on "Andrew Yang talks stereotypes, economic policies at dinner with voters l ABC News" video.

Fact: "It is not a charge on businesses." https://ec.europa.eu/taxation_customs/business/vat/what-is-vat_en Bullshit: "A VAT makes it impossible for them to benefit from the American people, automation, and infrastructure without paying their fair share." https://www.yang2020.com/policies/value-added-tax/
4
A dinner of bullshit on a plate? "It is not a charge on businesses." https://ec.europa.eu/taxation_customs/business/vat/what-is-vat_en
2
@JagoFett I don't understand how people don't understand that I'm referring to the core design of a VAT ... what makes a VAT a VAT. Variables, like what rate you use, what you decide to tax, or don't tax, partially tax, etc., are all irrelevant to the core design. A VAT is specifically designed to NOT tax businesses in order to avoid double taxation. That's a VAT, and Yang is clueless or lying.
1
@JagoFett I'm talking about the absolute fucking fact that businesses in the chain reclaim their input VAT, and that you, and Yang, have no clue what you're talking about. It's specifically designed that way to avoid double taxation. https://youtu.be/fmAbBu7VQjQ
1
@JagoFett Table 1 shows you a supply chain. Final consumer pays $49 in VAT (GST), government collects $49 in VAT, and all the businesses in the chain get their input VAT credited back to them. http://publications.gc.ca/Collection-R/LoPBdP/BP/prb0003-e.htm#A.%20Taxing%20Mechanism(txt)
1
@JagoFett Singapore shows how it works with a pretty picture, if that's helpful ... https://www.iras.gov.sg/irashome/uploadedImages/IRASHome/GST/IRAS-DB-GST%20Infographic-v3.1.png
1
@JohnSSuh Well, you're wrong, for one. Secondly, I was referring to the fact that Yang is bullshitting, whenever he claims a VAT will force corporations to pay their fair share in taxes. I'm referring to him bullshitting, when he claims a VAT will have corporations paying you to show you ads or pay you for your data. I'm referring to him bullshitting, everytime he compares his dividend to Alaska's dividend, which is paid for by corporations. Since Yang won't actually have corporations paying into his dividend, they will only benefit from the spending of that dividend. Amazon's share of US consumer spending is 2%. Yang will make them an extra $60b a year. That will, in turn, make Bezos billions extra a year, more than he'd ever personally pay into a VAT.
1
@vict1435 "Works" to generate revenue. Other countries, one of which I live in and have operated a VAT registered business, aren't claiming it "works" to tax corporations. They clearly say it's not at all designed to tax corporations, so as to avoid double taxation, which would be even worse. "The VAT due on any sale is a percentage of the sale price but from this the taxable person is entitled to deduct all the tax already paid at the preceding stage. Therefore, double taxation is avoided and tax is paid only on the value added at each stage of production and distribution. In this way, as the final price of the product is equal to the sum of the values added at each preceding stage, the final VAT paid is made up of the sum of the VAT paid at each stage." https://ec.europa.eu/taxation_customs/business/vat/what-is-vat_en
1
Well, he has definitely broken the stereotype, that Asians are good at math. My business's output VAT - my business's input VAT = my business pays jack shit in VAT. "It is not a charge on businesses." https://ec.europa.eu/taxation_customs/business/vat/what-is-vat_en
1