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A comment on The EU's Link Tax Will Kill Open Access and Creative Commons News. Parent comment

Re:The EU's Link Tax Will Kill Open Access and Creative Comm... by matt4077 on Monday October 29, 2018 @03:13PM (#18330345)
That model is generally called "The Rally Stupid VAT". It bankrupts every single trading business, as well the majority of producers–essentially any value chain longer than 1.

All retail business will be the first to die. Because when your supermarket charges you $1 for milk, they would have to pay 20 cents (or whatever your tax rate is). They also have to buy the milk. Since margins are typically around 2% or 3% in this segment, any tax >3% will make retail impossible or dramatically increase prices.

So congratulation for effectively demonstration the danger of this ignorant trend of mindless hate of "government", and "experts": Those that believe they have easy solutions don't even notice when what they're proposing would cause widespread famine.

[ Parent | on HN ]
Re:The EU's Link Tax Will Kill Open Access and Creative Comm... by mcny on Monday October 29, 2018 @03:48PM (#18330682)
Thank you. I'm not married to my plan. I only bring it up because people were talking about tax loophole. I'm perfectly willing to let it die. I can't say retailers are exempt from my plan. I definitely cannot say tax domestic revenue minus domestic expenses. There is no way we can get all our trading partners to synchronize on a date to start doing this at the same time and without that synchronization I think this is against international trade agreements.
[ Parent | on HN ]