814 karma · joined March 1, 2017
We have to overturn Citizens United and get unlimited corporate money out of politics. This is far and away the most important barrier to having a government that works for people.
Higher income people spend more of their money on investments and other assets.
Personally, I'm open to VAT tax because it would be much easier to incorporate the disposal cost into goods and remove externalities (like pollution).
As you've said, it would be ideal to have strategies in place to lessen the burden on people with lower incomes.
This bill doesn't have any of those strategies or objectives.
Edit - source: https://taxfoundation.org/taxedu/glossary/regressive-tax/
https://tradingeconomics.com/united-states/business-inventor...