this post was submitted on 13 Jun 2026
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[โ€“] Fedegenerate@fedinsfw.app 3 points 23 hours ago* (last edited 20 hours ago) (1 children)

VAT is a regressive tax. so its replacement with a wealth tax should be supported by all... Except the wealthy I guess. But VAT needs replacing, not removing. Give that money to the poorest, and they'll go to restaurants.

[โ€“] Armand1@lemmy.world 1 points 1 hour ago

I think VAT is a pretty good system, with minimums below which you don't get taxed and an increasing percentage as you make more money.

I just think it should be way higher at the high end, and we need to increase capital gains tax and inheritance tax.