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 GloriousKoji on Friday December 11, 2020 @04:10PM (#25391036)
Government prints as much money as it needs to pay itself. Now inflation and interest rates might be different type of pain but at least it's not the same pain of filing taxes, figuring out laws or finding someone to do that for you.
[ Parent | on HN ]
Re:Sales tax creates more unnecessary pain than value added tax by int_19h on Friday December 11, 2020 @09:26PM (#25394752)
This would be mathematically equivalent to a wealth tax on savings in cash or cash-equivalent, no? Meaning that the burden would fall mostly on those who have enough money to save it, but not enough to invest into real estate etc.
[ Parent | on HN ]
Re:Sales tax creates more unnecessary pain than value added tax by oblio on Friday December 11, 2020 @04:15PM (#25391095)
Or you know, you could simplify filing taxes?
[ Parent | on HN ]