Comments by "" (@TheHuxleyAgnostic) on "Yang Gives Horrible Answer To Budget/Infrastructure Question" video.

  1. His way of paying for a UBI, with a VAT, would have money funneling to giant corporations, and the super rich, faster than ever before. A VAT is specifically designed to NOT tax businesses in order to avoid double taxation, so corporations wouldn't pay into the UBI and only benefit from the extra trillions being spent each year. Yang is completely ignorant, or completely dishonest, as to how a VAT actually works, who it actually taxes.
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  2.  @aethionr4478  He can't even do math. He has no clue how a VAT actually works, and completely failed at understanding a pass through rate study that he posted on his VAT page.
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  3. He didn't really arc. Americans just aren't familiar with how a VAT actually works. If they were, they'd have known it's not a way to tax giant corporations, from the get go. Businesses get to reclaim their input VAT and the final consumer ends up paying the entire VAT.
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  4. In those hours, did he mention that a VAT was a way to tax giant corporations, like Amazon? A VAT is actually specifically designed to NOT tax businesses in order to avoid cascading taxes upon taxes. Businesses get to reclaim their input VAT from their output VAT. Only the final consumer can't do that and ends up paying the entire VAT. In those hours, did he compare his dividend to the Alaskan dividend, which is entirely paid for by corporations? Yang already admits that giant corporations aren't paying taxes through standard taxation, and he proposes a different tax that also won't tax them, so giant corporations wouldn't be paying for, or even into, his dividend, at all. They'd only get the benefits of extra trillions a year being spent, funneling money to them, and their big shareholders, faster than ever before.
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