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Originally Posted by elphenor
he proposed a VAT my dude
a regressive tax on the lower and middle class
landlords are inherently ****ty and if they knew you'd have an extra grand gutanteed a month you bet your ass they'd think about a rent increase
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Yang addressed the "regressive" aspect of a VAT though.
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While transactions through the supply chain are taxed, only a fraction of that tax is passed on to consumers. Coupled with the Freedom Dividend, it will be quite progressive.
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The only thing that wasn't spelled out is whether or not he planned to apply it to everything or just to specific higher end goods and services.