Maybe. I see it more as a mixed bag. It’s regressive only after you have too much money to spend, and the people with literally zero savings (the latter can be solved with a tax rebate).
It does do a better job at capturing wealth that is trying to be obfiscated though. Income tax works for people recieving their money as income, but for others it’s easy to avoid. A sales tax captures it at spending though. The only way to avoid it is to just not purchase anything.
I see pros and cons for it. It’s not the first option I’d reach for (land value tax is my #1, since it solves cost of living issues too, but also capital gains, inheritance, and wealth taxes should be first), but it can be part of the solution. It just needs to also come with methods of either reducing the harm to poor people, or helping them in some way.
Certainly, it almost undoubtedly has pros and cons, but every source I saw explicitly describes it as an example of a regressive tax, so I do feel like its fair to put “regressive” in the cons column… 😅
I dont personally have a strong stance on the subject, I dont know a ton about taxes, I was mostly just explaining why someone might want to do away with it because folks were misunderstanding the person who wished we didn’t have it. I only know its considered regressive because hank green talked about it in a video. I was just trying to add context based on something I had learned
I think its fair to ague it still serves certain purposes or has advantages, but I get the distinct impression its considered ‘on the regressive end of the spectrum’ by every authority on the subject that I have access to, I’m not sure you’re right that it’s just “maybe” regressive 😅
Maybe. I see it more as a mixed bag. It’s regressive only after you have too much money to spend, and the people with literally zero savings (the latter can be solved with a tax rebate).
It does do a better job at capturing wealth that is trying to be obfiscated though. Income tax works for people recieving their money as income, but for others it’s easy to avoid. A sales tax captures it at spending though. The only way to avoid it is to just not purchase anything.
I see pros and cons for it. It’s not the first option I’d reach for (land value tax is my #1, since it solves cost of living issues too, but also capital gains, inheritance, and wealth taxes should be first), but it can be part of the solution. It just needs to also come with methods of either reducing the harm to poor people, or helping them in some way.
Certainly, it almost undoubtedly has pros and cons, but every source I saw explicitly describes it as an example of a regressive tax, so I do feel like its fair to put “regressive” in the cons column… 😅
I dont personally have a strong stance on the subject, I dont know a ton about taxes, I was mostly just explaining why someone might want to do away with it because folks were misunderstanding the person who wished we didn’t have it. I only know its considered regressive because hank green talked about it in a video. I was just trying to add context based on something I had learned
I think its fair to ague it still serves certain purposes or has advantages, but I get the distinct impression its considered ‘on the regressive end of the spectrum’ by every authority on the subject that I have access to, I’m not sure you’re right that it’s just “maybe” regressive 😅