@phinami Trump's tried to do that, but by favoring national companies at the expense of global companies.

I like getting rid of income taxes and going to sales type taxes. A VAT isn't my first choice but can live with it. Even better the CiC style vat

or hell, changing the income tax to a flat tax would be an acceptable compromise

Hungary has a 15 percent flat tax and it boosted the economy big time

Agree CiC, now we need more of that type of thing

Just be careful about my type of vat. You don't want to make a bunch of Jokers.

I'd favor tariffs over taxes. Replace import quotas with tarriffs and use the additional income to lower personal income taxes.

Agree CiC but I'm being pragmatic and am ok with a mixture of things if we can get rid of income taxes. Income taxes unfairly target what is left of the middle class

And cut aid and foreign military adventures. A lot of countries would be fine with us cutting aid as long as it meant we got out of their hair at the same time.

Only working and middle really have income. The top brackets make their money on their ownership/stock/options

May I ask what a VAT is?

Value-Added Tax

@phinami Florida does that. A modest corporate income tax, moderate sales taxes, and no personal income taxes.

@ian, it is like a sales tax but takes place all through the supply chain, not just at retail

^ What @phinami said.

I'm not an economist, but wouldn't raising taxes on companies just cause them to jack up their prices to equalize it out

corporations were taxed heavily during the New Deal era yet prices didn't mysteriously explode

I agree that is likely what happens Immune to Coochie, which is why I favor the sales tax, but because of that, they are essentially the same thing. Probably easier to sell VAT as it is 'going after the corporations'

Matt I think there are other factors to pricing in the depression. The Youtuber Academic Agent made some vids on that recently

I'm not talking about just the Depression but the New Deal Coalition era in general: 1932 to 1980

prices didn't inflate in the 1940's or 1950's in response to high corporate taxation

I don't think VATs lead to inflation

given that most of the big companies are multinationals now with their corporate HQs in other countries (Apple is based in Ireland, for example), there are a myriad of ways they could be dealt with

Inflation is more a monetary phenomenon

there's also a social element to these kinds of arguments

Again though, I don't really have a big problem with VAT

corporations that jack up their prices in response to increased taxation could be labeled "unpatriotic" and be boycotted

corporations are birthed by the government and can be punished or killed by that same government

shaming corporations and businessmen into serving the nation was big in the 1930's and 1940's: "price gouging" and the like were powerful accusations

I don't see companies as evil and don't want the US to turn into like doing business in Europe which is a pain in the ass, and in general then favors big companies

I don't see them as inherently evil but they should be reminded who butters their bread

I'd personally go a step further and abolish corporate personhood

which is one of the most retarded things ever

one thing for sure is they really deserve to get stuck with high taxes

all they do is abuse workers and push globohomo shit

another bullshit ad from gilette and "the taxes just got 10% higher" motherfuckers

that inventory robot video on twitter i saw earlier is scary

walmart

opened the browser this morning at work and had a giant fat "women in the workplace" on the homepage of our intranet

also high taxes on luxury items like expensive cars and stupid fashion shit women buy