yes, i am in support of UBI, but im not in support of staying up past my bedtime, i have to get up at 4 tomorrow.

gnight man, youve got some reading to do

quantitative easing didn't produce lots of inflation because banks just held on to the assets they got as excess reserves

ok, then you can head to bed.

"i know the basics of how money works" says the guy who didnt know what a VAT tax was lmaop

I don't know what it taxes, because I don't have it.

The funny thing is that when $1000 is no longer a viable option what are you going to do then raise it to $1001

you also didn't say what it was, you just linked a wiki page about it.

near as i can tell VAT is just a tax on all goods and services, but done in a complex way so it's not as clear what you are paying in taxes on an item.

So after reading it basically Another type of Sales tax that tax the entire production and sale of the Good and Service

"but done in a complex way so it's not as clear what you are paying in taxes on the item"
so i nailed that one on the head huh?

So it goes up in increments with first person in line paying a Percentage then the second adding on to that until it gets to the consumer

let me guess what the arguement for it is "Oh but the manufacture pays the VAT! not the person who buys it!"

They both do though

I know that.

I know that the person who buys an item always pays all of the taxes associated with that item, either in a price hike or a worse product.

Like this is the example used on how it works

Say, for example, Dulce is an expensive candy manufactured and sold in the country of Alexia. Alexia has a 10% value-added tax. 

Dulce’s manufacturer buys the raw materials for $2.00, plus a VAT of $0.20—payable to the government of Alexia—for a total price of $2.20.

The manufacturer then sells Dulce to a retailer for $5.00 plus a VAT of 50 cents for a total of $5.50. However, the manufacturer renders only 30 cents to Alexia, which is the total VAT at this point, minus the prior VAT charged by the raw material supplier. Note that the 30 cents also equals 10% of the manufacturer’s gross margin of $3.00. 

Finally, the retailer sells Dulce to consumers for $10 plus a VAT of $1 for a total of $11. The retailer renders 50 cents to Alexia, which is the total VAT at this point ($1), minus the prior 50-cent VAT charged by the manufacturer. The 50 cents also represents 10% of the retailer’s gross margin on Dulce.

The way it sounds like everyone gets tax

so a sales tax with {n} times the paperwork, were {n} is the number of steps in the supply chain, yah no way that's gonna slow down production at all! /s

It kind of makes this Werid thing of If they raise prices everyone is fucked in the chain

Like say if the Price for Sugar was Raise that year to 3.00 dollars instead of 2. The Dluce would then have to but it at 3.30.

To make tha growth margin he would have to sell it at 6.00 per unit to the retailer making it 6.60 to the Retailer.

i'm sure that is by design.

also what happens when the price change isn't so clear?

like you buy a ton of flower and bake that into several diffrent things that each have their own cost and each flower used?

good god that is gonna be alot of paperwork.

Ok for that it's pretty much the price of the those Products *.1

so a basic cake is gonna have a pile of items you are gonna have to track going into it for this to work at all.

It basically Taxing every part of the Production

unless this is just a very complex way to say "we are taxing every time money changes hands"

and if that is the case, i was right form the start, VAT is infact a tax on everything.

It pretty much is the person gets taxes after buying the 2 dollar flower he gets taxes 20 cents

so why is it worded in such a way to make it seem so complex?

I don't know they sound like they are trying to say it a Snowball

When in actuality it's really another Sales tax

if it is a snowball where your taxes take into account of the taxes payed before you then someone is gonna have to track every single item that went into what you just bought.

Or atleast it sounds like it

Or a reverse Sales tax

just looked up a simple cake recipe, has 7 ingredients, does the baker have to keep track of the taxes payed on all of those ingredients to properly pay the taxes?

oh that's what they are gonna call it, a sales tax where the seller pays the taxes insted of the buyer, but the seller just rases their prices by %10 to offset the cost.