Comments by "" (@TheHuxleyAgnostic) on "Andrew Yang Exposes Debates as 100% Rigged" video.

Well, they also haven't questioned how Yang's policies won't affect corporations, or the 1%, as he claims. So, he's lucky there.
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@rebia5542 Why wouldn't they? Like I said, it won't affect them, like he claims. Collecting a tax and passing it along doesn't equate to paying a tax. It is the consumer that pays the VAT, not the corporations. For the 1%, their unspent billions will still not be taxed, and they will make more money from people who have an extra $1000/month to spend. It'll be the 20 or 10 percenters that will be affected by the VAT the most, not the 1 percent.
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@ashwynnair6812 Yeah, we have exemptions on staples, here in Canada. There's still a VAT on most things. Being from the UK, you know why things are priced higher in the UK and Canada, then, yes? Companies will cover their costs. Corporations, especially those he constantly mentions, won't be paying the tax. I'm talking about the upper middle class and up, who do spend ridiculous amounts per month. The higher you go, the more they'll simply save, hoard, get paid in stocks, etc., which isn't taxed by a VAT, because they aren't spending it. The 1% will make even more, with Yang, while the next 19% will pay the most into the VAT. The alternative is not to bullshit people. Sure, a VAT is a way to bring in a lot of federal revenue. No, a VAT is not a way to make Amazon or Bezos "pay their fair share", as Yang keeps saying.
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@ashwynnair6812 My argument was that he's bullshitting who's paying for it. He is bullshitting who's paying for it. You're conflating the argument.
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@ashwynnair6812 1. I'm not wrong. 2. Why care that he's a liar? And, why care that the very corporations and 1% he claims will be "paying their fair share" will actually make more money with his plan? Really?
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@ashwynnair6812 Google doesn't pay for the ads. Some secondary company would pay 10% more for the ads, Google would collect and pass it along. Zero extra taxes on Google. Those secondary companies would then either a) write it off ... VAT can be recouped on operating costs, both here in Canada, and in the UK; or b) they'd simply adjust their own prices to cover the rise in advertising costs, and their customers would pay for it. That's going to be the top 20 or 10 percenters. But, within that group, the top 1% will make so much more money, they'll have even more untaxable money to hoard away. The VAT will affect the high upper middle class, and the low end of the rich, the most, not the 1%.
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@ashwynnair6812 Table 1 shows that on goods, like those sold through Amazon, it is the final consumer who ends up paying the full VAT (GST). Amazon would simply be passing along the tax to government. http://publications.gc.ca/Collection-R/LoPBdP/BP/prb0003-e.htm#A.%20Taxing%20Mechanism(txt) With B2B, the Canada and UK systems allow for VAT on operating costs to be redeemed. The Canada and UK systems also show that, even if that weren't allowed, costs that can't be written off are still passed on, with the same items having higher prices than in the US. Thinking businesses will simply eat a rise in costs is ridiculous.
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