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by manfredo 2636 days ago
> I think the position is that whatever fraction of that $3T that gets spent at the bottom of the economy will contribute more to the economy overall than it would have sitting in the bank accounts of whoever "paid" the tax

Which is fantasy. It's not people paying the taxes it's a VAT that Yang's advocating for. This is money directly coming out of economic activity.

1 comments

I wish I had the time to chase down the ways our axioms and premises are preventing us from doing more than talking past one another here, but I don't, and I don't feel like fighting uphill against a "which is fantasy" kind of tone, just to have the attempt.

Have a nice day.