Does his VAT proposal not imply that though? The data giants are going to be paying for it, should he get his way.I like some of what Vang says. Like UBI.
But the fact he is against raising taxes on the top earners disqualifies him. Obviously because he is a businessman he is against it.
Not only do we need to raise taxes on the top earners but we need to reduce taxes on the middle class.
Does his VAT proposal not imply that though? The data giants are going to be paying for it, should he get his way.
I mentioned the data giants as but one example, but they are significant still. I also don’t disagree with taking back the people’s funds but we just have to consider how one can only have so much time and resources to implement very progressive agendas, that of which Yang and Bernie already have plenty. We’d do well to just to have a simpler and modernized tax system like VAT alone. Make the people happy with a couple of major improvements and we can keep pushing in progressive candidates who will implement the rest of the agenda piece by piece.The Data Giants alone are not the beneficiaries of the looting that was done.
There does not just need to be a tax structure that is redone that is fair to wage earners, but also a claw back of what was taken.
I mentioned the data giants as but one example, but they are significant still. I also don’t disagree with taking back the people’s funds but we just have to consider how one can only have so much time and resources to implement very progressive agendas, that of which Yang and Bernie already have plenty. We’d do well to just to have a simpler and modernized tax system like VAT alone. Make the people happy with a couple of major improvements and we can keep pushing in progressive candidates who will implement the rest of the agenda piece by piece.
The problem is a VAT tax is by default extremely regressive. Since its based solely on consumption it hits the poor and working class the hardest. So to make it fair there would have to be a ton of adjustments - exempting vegetables, fruit and basic food from the VAT. Adding an additional luxury tax on top of VAT for luxury goods and especially Veblen-goods and then you'd need to modify it for all sorts of amoral financial services such as HFT. Then you would run into the problem where dozens of industries and hundreds of corporate lobbyists would be lobbying to get their firm/goods/services/sector exempt from the VAT and with the current establishment there are bound to be some serious problems there (like how real estate was exempt from certain conditions).
It might seem simpler de jure but de facto a VAT is going to a legislative mess that I believe would be too susceptible to lobbyist influence. AOC's 70% on annual income over 10MM and Warren's 1-2% tax on over 50MM net worth are much simpler and more elegant taxing plans. Yang is still bending over for the mega rich too much.
this dweeb is running
Interesting stuff man. I'm honestly not that schooled in VAT but good to know. Hopefully, he'll go into more depth during the debates should he make it to that stage.The problem is a VAT tax is by default extremely regressive. Since its based solely on consumption it hits the poor and working class the hardest. So to make it fair there would have to be a ton of adjustments - exempting vegetables, fruit and basic food from the VAT. Adding an additional luxury tax on top of VAT for luxury goods and especially Veblen-goods and then you'd need to modify it for all sorts of amoral financial services such as HFT. Then you would run into the problem where dozens of industries and hundreds of corporate lobbyists would be lobbying to get their firm/goods/services/sector exempt from the VAT and with the current establishment there are bound to be some serious problems there (like how real estate was exempt from certain conditions).
It might seem simpler de jure but de facto a VAT is going to a legislative mess that I believe would be too susceptible to lobbyist influence. AOC's 70% on annual income over 10MM and Warren's 1-2% tax on over 50MM net worth are much simpler and more elegant taxing plans. Yang is still bending over for the mega rich too much.
this dweeb is running
Hmmm... you’re going to have to clarify your position on twats.As someone who hates politicians being twats but hates complete idiots being twats as well (Trump), who should I be getting behind for this one?
Hmmm... you’re going to have to clarify your position on twats.
Well, you’re going to need to avoid Biden and Harris. This leaves you with Warren, Bernie, and likely Beto.Me no likey
Try Yang.Me no likey
Texas in play?
That'd be interesting.
Bernie Bros are seen as an acceptable counterpart to the Dem (Clinton) establishment, and Biden is the least objectionable name.A little surprised Beto's numbers aren't better compared to the other 2.
A "town hall" in New Hampshire. First videos I've seen where Yang explicitly talks about a wide range of policies that aren't necessarily about UBI. Hits it out of the park yet again if you ask me.
Part I
Part II
@Eboue what do you think of him? He has pointed out the same problems that you have regarding the Democratic Party and how it's lost its touch with the working class.