Earlier quoted context omitted.
POTUS candidate Andrew Yang's foundation for his #1 policy/solution is a 10% VAT tax. Edit: Curious why facts are downvoted? Does HN not like discussing solutions and people actively working on solutions?
I almost never weigh in on political stuff. But, F * that. Do you want to be able to never afford anything? Because, that's a good start. What we really need to do is balance the budget by cutting back on the quantity and expensiveness of existing programs. The government needs to optimize. We are spending too much. Which are dirty words no one wants to hear or perform.
Private firefighters go to work for California's wealthy
111–120 of 214 posts
Re: Private firefighters go to work for California's wealthy
#112Earlier quoted context omitted.
I think the relevant difference is that VAT is paid even if you are in a different EU country. I'm in Denmark, where the rate is 25%. I pay 25% on something I order from a Danish online shop. I pay 25% on something I order from a large German online shop, even though the VAT rate in Germany is lower. I pay 19% (the German rate) on something I order from a small German shop, to reduce the administrative burden on that…
You're supposed to report your online shopping when you do your taxes here every year.
Re: Private firefighters go to work for California's wealthy
#113Earlier quoted context omitted.
I'm not against sales tax; there are many benefits to it. However A 10% sales tax is a 10% tax on poor people's disposable income since they have almost no savings. How do we square that regressive circle?
In Europe they largely don’t try to square the circle, aside from maybe exempting necessities like food. They offer efficient, high quality welfare services to low income people in return for those taxes. (Of course, low income people get much more in services than they pay in VAT.)
Re: Private firefighters go to work for California's wealthy
#114A: "You have selected Amazon's Prime Fire service" A: "A fire-engine will be dispatched within 20 minutes" --- In another part of the country --- A: "We're sorry we don't provide Prime fire service for your location, please direct your query to the local authorities" Local fire department: "We will try and answer your call as soon as possible, but due to budget cuts from a reduced corporate tax income we have had to…
Corporate tax is a red herring. Across the OECD, it makes up just 9% of tax revenue (just 6% in Sweden and Denmark). The US is about the same (8%). If you want to complain about tax revenue, point to the fact that Americans don’t pay VAT (like everyone in Europe does) on all the cheap crap they buy on Amazon. Or in the case of California, complain about Prop 13 limiting the property taxes people pay on McMansions. (W…
Re: Private firefighters go to work for California's wealthy
#115Tell me again that YCombinator isn't basically a right-wing troll site?
Re: Private firefighters go to work for California's wealthy
#116Earlier quoted context omitted.
Could also upgrade some infrastructure in the process, like running fiber. Might not be free but worthwhile.
And perhaps even begin building a superconducting grid ad for once in PG&E's history, doing something that was pro-active rather than reactive.
Re: Private firefighters go to work for California's wealthy
#117Earlier quoted context omitted.
We pay sales tax. What's so special about VAT vs. sales tax? Unless you are arguing for a federal sales tax, which OK sure federal tax is great, except it doesn't pay for local services. Also, now you also have to argue about the regressive nature of sales tax in general.
I think the relevant difference is that VAT is paid even if you are in a different EU country. I'm in Denmark, where the rate is 25%. I pay 25% on something I order from a Danish online shop. I pay 25% on something I order from a large German online shop, even though the VAT rate in Germany is lower. I pay 19% (the German rate) on something I order from a small German shop, to reduce the administrative burden on that…
The key here is that when something is classified as "interstate commerce" different laws apply than if you're buying something in-state. Enforcement varies, and can be expensive, and the laws are catching up sometimes, and purposefully not present in others, depending on the state and their approach to interestate commerce.
As an American, I'm quite happy there is no Federal sales tax. There is no reason to capture value at that level and allocate at the Federal level. States already have these taxes, and are much better equipped (in terms of need / proximity - not in terms of functioning government at times) to allocate the money toward local services.
Re: Private firefighters go to work for California's wealthy
#118Amusing how anyone suggesting burying powerlines underground is immediately pushed back by "it's expensive" know it alls. Wondering if power-cuts like 3rd world countries enjoy are preferable over a slight increase in power supply costs, and wether impotence is more desirable over action bEcAuSe iT's eXpEnSivE.
There’s a big difference between burying distribution lines and transmission lines. It’s transmission lines that have caused the most destructive fires in California and those are indeed too expensive to bury.
Re: Private firefighters go to work for California's wealthy
#119Earlier quoted context omitted.
In Yang's case, the 10% VAT is accompanied by a $1000/month Universal Basic Income.
That should eliminate all the income from the VAT and then some, so the firefighters are still dropping your calls. $ 1000/adult month = $ 12 000 / adult year. -> requires $120 000 of disposable income spent per adult . Very few people spend $120 000 of VATable (A family making $300 000, a good income, doesn't spend anywhere near $120 000)
Re: Private firefighters go to work for California's wealthy
#120I've seen similar variants of this headline floating around, so I don't want to over-blame this Fox outlet for something that's just in the water by this point (I don't recall if they were all on Fox-family outlets, but probably not). That said, the headline seems pretty manipulative... > However, private firefighters are more likely to contract with insurance companies like USAA to offer mitigation services to custo…
Another suggestion for a non-clickbaity title: Insurance Companies do Preventative Maintenance on High-Value Assets But yes, this feels like ... class-baiting or something. This headline is everywhere, made to rile up folk for.... what?