> implementing that is complex and fallible ... but so is everything
not really. VAT is popular because it is straightforward to implement and hard to evade unless someone is outright cheating.
> it won't [put large landlords out of busine-]
It won't. But like any complex regulations, it will give large landlords an upper hand over smaller ones. Large ones have economies of scale to rely upon (eg. one dedicated lawyer to deal with govt for 100 properties). Will just worsen the inequality.
not really. VAT is popular because it is straightforward to implement and hard to evade unless someone is outright cheating.
> it won't [put large landlords out of busine-]
It won't. But like any complex regulations, it will give large landlords an upper hand over smaller ones. Large ones have economies of scale to rely upon (eg. one dedicated lawyer to deal with govt for 100 properties). Will just worsen the inequality.