The Market Ticker - The @AndrewYang Failure
You have to give Andrew Yang credit for being willing to put forward “UBI” — a $1,000 a month “stipend” that he foolishly calls a “Freedom Dividend” — with of course a boat-load of fraudulent claims of how he’s going to pay for it.
Chief among these is a 10% VAT — which sounds good, but it’s problematic for a whole host of reasons, not the least of which is that it won’t raise enough money.
Remember that a VAT exempts government spending, since that’s just taxing yourself. Yang recognizes this and pegs the revenue from a VAT at $800 billion as he also removes groceries, clothing and apparently some other things from it.
He also says…….
(Click link to read more)
Source: https://www.market-ticker.org/akcs-www?post=236913
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