News for hackers. Stuff that matters.

A comment on Sales tax creates more unnecessary pain than value added tax. Parent comment

Re:Sales tax creates more unnecessary pain than value added tax by saalweachter on Friday December 11, 2020 @04:06PM (#25390983)
Inflation -- the government prints money, devaluing all existing money. It's a tax with no paperwork involved.
[ Parent | on HN ]
Re:Sales tax creates more unnecessary pain than value added tax by hyperpape on Friday December 11, 2020 @04:14PM (#25391075)
Wouldn't this tend to cause overinvestment in durable goods? Instead of putting your money in a bank, you put it in something physical to resell later. Seems inefficient.
[ Parent | on HN ]