Comment on Isn't EU's "VAT" a regressive tax? Why do they have that, instead of something like, taxing the rich?

• Lauchs@lemmy.world ⁨2⁩ ⁨days⁩ ago

  Cool to know about, thanks!

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  • MothmanDelorian@lemmy.world ⁨2⁩ ⁨days⁩ ago

    Sadly we should cit spending along side tax cuts. Had we done that things would be better

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    • Lauchs@lemmy.world ⁨2⁩ ⁨days⁩ ago

      Honestly, I’m just not sure deficit spending outside of wars/economic emergencies was a great strategy and instead, a time bomb Reaganomics left everyone else to deal with. I think that’s the ridiculously outsized part of spending that would’ve been the best to cut. If I remember correctly, servicing the debt is now on par with American military spending…

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      • MothmanDelorian@lemmy.world ⁨2⁩ ⁨days⁩ ago

        Yeah but honest well thought out economic conservative budgets are rare and unpopular.

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