Comments by "" (@TheHuxleyAgnostic) on "Panel: Is Yang DROPPING In Polls Because Of Israel Comments?" video.
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@rabbitsforyang8273 Hey, dumb dumb, I'm simply pointing out the fact that a VAT doesn't do what Yang claims it does. He even linked to a study that completely debunked what he said it does. He just didn't grasp it. Nothing you can say, denying reality, won't ever change that fact.
I've also commented on other topics, when they come up again, and again, for years, on channels I'm subscribed to. Do you not do that, or do you just hunt down Yang videos, all over YouTube, like a cultist?
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@ubuu7 Okay, but making the Bezoses of the world, who live on stocks, extra billions a year, because your not taxing their source of their increasing wealth, giant corporations, is a big problem. It's unsustainable, especially in a future with mass automation, and a largely unemployed consumer base. Tons of unemployed consumers can't be the ones funding their own UBI. As to other sources of funding, Yang already agreed giant corporations were dodging paying taxes through those methods. It's part of the basis of his argument to make them pay through a VAT. He just doesn't understand that they wouldn't pay through a VAT, either.
The regressive topic is a different one. Unless everyone's income and wealth is equal, a consumption tax will always be regressive (a higher percent of poorer people's total wealth and income, including their UBI income, than a very rich person's). You can try and offset it, but it will still be regressive.
And, no, some of the poorest people are already collecting benefits of a kind that Yang didn't have stack with his UBI, so his plan doesn't always benefit the poor most. Many could receive little, to no benefit, from the UBI, but still have to pay a VAT on many things. That could make some worse off. For example, Yang didn't have his UBI stack with SSI (not to be confused with SSDI) or SNAP, with do stack together now. Someone with a permanent disability could be collecting $993 a month. So, you give them $7 extra a month, but if they have to pay even $8 in VAT, on $80 worth of monthly purchases, or bills, then they're worse off.
A "luxury" isn't a product in a certain price range, it's a category of product. A flip phone would have a tax just like an iPhone. A very basic flip phone service would have a tax just like a top of the line smart phone service. A movie would have a tax just like a Broadway show. McDonald's would have a tax just like a fancy restaurant. Etc. And, all the rich people also wouldn't have to pay taxes on their better quality, and larger amounts, of zero rated goods and services, staples, necessities.
Sure, many people would be better off, but blanket statements about all the poor being better off, just aren't true. Meanwhile, many people who are pretty well off would get extra shopping spree money, or vacation money. Based on a basic household budget, and how much is spent on VATable goods and services, a single adult household wouldn't start paying more in than they get back until about a $400k income, $800k income if a two adult household. That's kind of nutty, if you're doing nothing to improve the lives of a bunch of the poorest citizens.
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