Comments by "" (@TheHuxleyAgnostic) on "Why is Andrew Yang SURGING in the Polls?" video.

@embedded_software Don't throw your hands up in the air about tax loopholes that allow giant corporations and the super rich to avoid taxes. Close the loopholes. And, find alternative ways to tax them directly, like Bernie's Wall Street tax or Warren's wealth tax. Yang's plan, as is, will actually benefit giant corporations and the super rich.
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@embedded_software Well, Sanders' is like a sales tax on Wall Street. It would be as unavoidable as the VAT, but the consumers, in that case are 84% the top 10%, 50% the top 1%. Corporations doing buybacks would also have to pay it. Someone might be able to avoid Warren's wealth tax by redirecting anything over $50m through charities, but that would still cut down on hoarding. A VAT doesn't affect hoarding, at all, it also doesn't tax giant corporations at all, which is why, when mixed with the UBI, it would end up benefiting giant corporations and the super rich.
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@embedded_software A VAT doesn't end up taxing the producers. It taxes the consumers. http://money.com/money/5054009/stock-ownership-10-percent-richest/
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@gelpen7882 Holy crap, Americans need to learn how a VAT actually works. Corporations, like Amazon, would totally avoid a VAT, because they aren't paying it. They collect it, from the consumer, and pass it along to government. People benefitting from the UBI will spend some percentage of that extra money on Amazon, making them even more money. That, in turn, will make Bezos more money. The more money he has, the more he'll hoard, and hoarded money isn't affected by a VAT. Table 1 shows how a VAT (GST) actually works. It's the final consumer who ends up paying the entire VAT. http://publications.gc.ca/Collection-R/LoPBdP/BP/prb0003-e.htm#A.%20Taxing%20Mechanism(txt)
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Yang's plan, as it is now, will benefit giant corporations, like Amazon, and the super rich, like Bezos. It won't make them "pay their fair share", as Yang dishonestly promotes.
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@gelpen7882 Because he's throwing his hands up in the air, with regards to closing tax loopholes, and not coming up with alternative ways to actually tax giant corporations and the super rich. A VAT taxes consumers, not corporations. He's outright lying when he says it's a way to make them "pay their fair share". Table 1 shows how it works here in Canada. It is the final consumer that pays the entire VAT (GST). http://publications.gc.ca/Collection-R/LoPBdP/BP/prb0003-e.htm#A.%20Taxing%20Mechanism(txt) His plan will benefit giant corporations and the super rich.
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Americans need to learn how a VAT actually works. Yang claiming it's a way to make corporations like Amazon "pay their fair share" is complete bullshit.
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@jessicaal415 There will be a pocket of poor people already getting $1000 or more in assistance who will end up worse off with almost everything costing, at least, 10% more. If you're supposedly out to help the poor, but you hurt some of the poor, then your plan isn't a very good one.
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Because nobody is challenging him on his bullshit. He promotes a VAT as a way to make corporations like Amazon "pay their fair share". A VAT is absolutely not a tax on corporations. It is a tax on consumers. The corporations would simply collect the tax and pass it along to government. Add to that a UBI. Those who actually benefit from the UBI will spend some of that extra money on Amazon, making them even more money. That will, in turn, make Bezos more money. The more money he has, the more he'll hoard, and hoarded money isn't affected by a VAT. As long as Yang sticks to throwing his hands in the air to fixing tax loopholes, and not presenting alternative ways to truly tax giant corporations and the super rich, they'll actually benefit from his plan. Those who won't benefit, and will pay into the VAT the most, are the upper middle class and lower end rich who already spend a lot but don't hoard as much. The higher the percentage of their wealth someone hoards, the lower the percentage of their wealth they'll pay back into the economy and VAT.
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