[lbo-talk] VAT (was Debunking the Dumping-the-Dollar Conspiracy)

Shane Mage shmage at pipeline.com
Fri Oct 16 15:27:39 PDT 2009


On Oct 16, 2009, at 1:33 PM, Jordan Hayes wrote:


> Shane Mage says that VAT is the most progressive because you can
> [p]rebate...
> VAT is still regressive, because just like "rebates" that have to be
> filled out and sent in later, many who pay VAT will never see the
> rebate...

How could I have been clearer? A [p]rebate pays "the tax on that [basic health and dignity] level of consumption to every household in the country" *before* (that's the meaning of "pre") the purchases are made. And what's to "fill in" except initial registry of household status and mailing address? Who wouldn't do that when the money is coming right back by return mail?

Shane Mage


> This cosmos did none of gods or men make, but it
> always was and is and shall be: an everlasting fire,
> kindling in measures and going out in measures."
>
> Herakleitos of Ephesos



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