I've multiple times done a minor dive into why a VAT tax is seen as a reasonable tax? It... seems as regressive as a sales tax with even more layers of intervention? I've always eventually lost interest in trying to make sense of it, but they sure seem popular in Europe so there must be something to them?
My current belief is that there should really just be a wealth tax on assets (Federal) and a land value tax on land (States); nothing else.
My current belief is that there should really just be a wealth tax on assets (Federal) and a land value tax on land (States); nothing else.