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by Aunche
528 days ago
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This is a very unpopular opinion, but I believe ideally taxes in America should be more a lot more "regressive" like they are in Sweden. VATs are economically more efficient than income tax, and harder for corporations to avoid. Taxes are only actually regressive when the tax dollars don't go back into social services for the people, so that's something that would need to be prioritized first. I suspect that a major reason why the American government is so inefficient with spending is because there is no incentive for them to be, as the majority of tax dollars comes from a minority of high income workers. https://www.economist.com/united-states/2017/11/23/american-... |
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Personally, I'm open to VAT tax because it would be much easier to incorporate the disposal cost into goods and remove externalities (like pollution).
As you've said, it would be ideal to have strategies in place to lessen the burden on people with lower incomes.
This bill doesn't have any of those strategies or objectives.