Comments by "" (@TheHuxleyAgnostic) on "US Income Inequality Surges to Highest in 50 Years" video.

@JBPVFL Going from owning a piece of shit mule 100 years ago to owning a piece of shit car now is technological advancements, not economic advancements. The same with going from owning a landline 50 years ago, to owning a cell now. Some cell phone deals are actually cheaper than some landline deals. The poverty rate hasn't really changed since the civil rights movement. People are eating a lot of cheaper unhealthy food. People aren't starving because of things like food stamps, and other social safety nets that have increased over those decades. Many people working for massively profitable companies are collecting food stamps, and not benefiting from profit increases. Etc. Etc. You're spouting trash.
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What scenario has both parties gaining? https://www.pewresearch.org/
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@JBPVFL There's a difference between "needing" someone to start and run a company, and them "needing" to rake in billions of dollars while their employees collect food stamps, or their wages stagnate while their cost of living increases, or they automate or outsource just so they can rake in extra billions.
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Yeah, his plan is to make the likes of Amazon and Bezos a lot richer.
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@Freakarmy Where does this copy paste bullshit come from? Non-staples: electric bill, phone bill, internet bill, cable bill, toys, games, any entertainment with a cost, snacks and pop, and all kinds of things that would still affect poor people. Some of those poor people are already collecting $1000+ in government assistance of a kind Yang doesn't have stack with UBI. Those people will get zero economic benefit from the UBI but will still have to pay the VAT. He should have UBI stack with SSI and have a half UBI for children. That price sensitivity nonsense is bullshit under normal circumstances. Basically every business would have a VAT added. They would all be sitting in the exact same competitive position they were in pre-VAT. There would be no reason to lower their prices and start eating their profit margins. Add in that consumers are being handed $3t to go shopping, and price increases won't even reduce consumption. Yang is bullshitting, when he claims a VAT will make corporations like Amazon "pay their fair share". They'll still pay nothing with a VAT. Businesses get credited back for their input VAT in a VAT system. So, if even 20% of that $3t is spent on retail, and Amazon owns 5% of retail, Yang's VAT/UBI scheme will only make them an extra $30b a year. That'd make Bezos an extra $3.6b a year. He'd have to blow over $36b a year on goods and services with a VAT to pay in more than he'll get out.
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