Comments by "" (@TheHuxleyAgnostic) on "Andrew Yang Says His Supporters Could Back Bernie" video.
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Yang's foundation is flawed. A VAT is specifically designed to NOT tax businesses in order to avoid double taxation. It's a sales tax, collected in stages, with all the business stages getting to reclaim their input VAT.
Since his dividend wouldn't actually have corporations paying into it, as the Alaskan dividend does, a corporation like Amazon would only get the benefits of the dividend being spent. Yang would make Amazon extra tens of billions a year, which would make Bezos extra billions a year.
It is only progressive on the surface, but would increase inequality, increase money flowing to the top to be hoarded, increase money being invested into automation, etc. ... all at an even faster rate than is happening now.
How a UBI is paid for matters.
Also, LA has tested a public option, and that doesn't get you universal coverage anytime soon, if ever.
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