VAT is a tax on goods and services. Wealth inequality comes from people owning future streams of income, not stuff; rentiers, in other words. To the degree that VAT decreases wealth inequality, it's only by harming the net present value of those future income streams. It would be better to have a more equitable distribution of ownership without harming wealth production.
Sharing the gains in some manner is the right goal, no question. The question is what approach will be most effective. Bernie’s corporate accountability plan is thus the perhaps more direct set of proposals instead of something like the FJG and climate plan. Oddly enough, the CAP is not talked about much yet and there’s already dozens of holes in it. Maybe in 1975 it would work but corporations have moved far beyond what Bernie’s plan could accomplish. Admittedly better than nothing but the administrative overhead of this should be pushed with a massive overhaul of our federal regulatory agencies including improving the career paths of those in federal service.
Yang’s got the dynamic of federal bureaucrats down correctly. It’s the same ones I went through and why I left federal service a decade ago. Bernie’s commitment to service is incredibly inspiring but relying upon other people to be more like Bernie is not a plan, nor is relying upon more executives to be like Yang is not a plan either.
I’m not an either/or kind of person and see Bernie and Yang working together on legislation as a real, material step forward.