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by lalos
2108 days ago
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In NY if you buy clothing items less than $100, they are tax free. If you buy 3 items of $50 each on the same ticket, you pay no tax. Using the same technology (already deployed in tons of stores), you could add rules per ranges and at least big companies will have to comply. i.e. items more than $1k get sales tax of 5%, items more than $10k get sales tax of %10, etc |
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If it was applied across the board to everything a high value item tax would be an absolutely terrible component to competitiveness however given that large capital outlays are how first world industry stays competitive and produces large real utility returns on investment. It would encourage more 'sweatshop' style production instead of a mechanized line let alone automated production lines.