every time money changes hands?

https://en.wikipedia.org/wiki/Value-added_tax

there ya go

so the answer is infact "everything"?

I love how the blurb seems to think that the tax doesn't just end up comeing form the last person to buy the item.

VAT is basically how they tax those with lower income

It's a stupid idea that should be scratched.

well, the process is also taxed, its not just the purchase

do you understand that every cent of the cost of a product is payed by the end consumer right?

That's what socialists never understand

So just ask if someone is a socialist before you ask the question

because every cent you add on to the cost of production of that product has to be added to the sale cost or it cut's into already paper thing profit margins (for most products)

Yep. Otherwise the business goes bust.

so you are gonna add at least %10 to the cost of EVERTTHING, and then expect the $1000 a month to cover that?

how much do you spend in a month? now add 10% to it, odds are it's gonna be more then the 1000 you are getting "for free"

Not to forget most people are terrible at spending money (especially the lower class) so it ends up not helping them anyway

I know it, my dad seems to think money spoils as fast as strawberries.

lul

sometimes i want to ask him "you know we use money because it stores very well right dad?"

... i mean the government printed like 4trillion bucks for bank bailouts with no inflation

untrue.

it's untrue because it can't be true, if i were to guess they have locked down intrest rates to stop that inflation, but that also means that basic saveings is earning nothing.

or did you also forget that the banks do give an interest rate to people storeing money in saveings?

How in the world do you add money into circulation without creating inflation.

you don't or you find someplace to offset the inflation.

thats the point, you're not adding new money using a UBI, you're using money thats already circling our economy.

did you figure out how much you spend in a month/weak?

That question wasn't about UBI though

>government printed like 4trillion bucks for bank bailouts with no inflation
That is impossible

The law of supply and demand cannot ever be broken, it always works.

More money in circulation = currency loses value, because as supply goes up, demand must also go up so that inflation doesn't happen. If demand remains unchanged, inflation must happen. Ergo currency loses value.

as sure as the laws of exchange, you can never get more out of a system then you put into it.

were getting into some complicated economics here, im not completely sure how quantitive easing works.

i'm gonna guess "it doesn't"

yeah you could guess

or you could do research

find out

i probably will

you are the one makeing the claim that it IS working, so it's on you to find the proof.

ok i figured it out, took me longer then it should have, but if you spend more then $120,000 per year in VAT taxed items you are not gonna come out on top form your UBI plain, (assumeing nothing else in the economy changes)
that's an avrage of $2,500 perweak.

and don't forget, you also just rased all of your costs %10 by adding the VAT.