Re:Andrew Yang's Presidential Bid Is So 21st Century
by beat on Monday April 01, 2019 @11:03PM
(#19550695)
Think about the math. Is a VAT actually going to take a third of the income of the average wage earner? No, no it will not.
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Re:Andrew Yang's Presidential Bid Is So 21st Century
by AnimalMuppet on Monday April 01, 2019 @11:56PM
(#19550965)
Where did "a third" come from? Why that number? Why do you think that number is relevant?
And why do you think it answers anything I have said?
Re:Andrew Yang's Presidential Bid Is So 21st Century
by beat on Tuesday April 02, 2019 @09:19AM
(#19553726)
I'm round-numbering. Median individual income in the US is a bit over $30k, adding $12k to that is roughly a third.
And your claim, which is nonsense, is that the VAT will eat 100% of that $12k.
Re:Andrew Yang's Presidential Bid Is So 21st Century
by AnimalMuppet on Tuesday April 02, 2019 @11:50AM
(#19555422)
That is not at all my claim. My claim is that doing this may not grow the economy as a whole. Someone making median income or (especially) less may well benefit; I do not claim that they won't.