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Does this plan make sense? v2
(lemmy.world)
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this post was submitted on 07 Mar 2024
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Your list implies the US does VAT. It's one of the only places that doesn't.
Instead we have sales tax, and that is actually assessed by the states individually. The Federal government's income is primarily from income tax and various business taxes.
Sales tax has quite a different origin and reasoning behind it than VAT, though.
I'm sure it does, but at present it's something we don't have in America.
Not having VAT is stupid.
Only having it on luxury goods is a ballache.
What's a luxury good? A neckless? What about a cheap wedding ring? Okay fine all jewelry to make instead simple.
Cars? Just take the bus. Driving is a luxury and will make way more in revenue than jewelry, but that won't be passed.
Running shoes aren't a luxury. But what high end fashionable "running shoes"? What about a high end push bike used to get to work, what about the same bike used for fun.
Fuck man you would end up dealing will so much crap trying to work it out it would cost you more than it makes. Just tax rich people more for being rich and let them spend it how they like.