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

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Lauchs@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

Ahhhh, gotchya, sorry missed that!

Though, I think tax cuts are fine to spur demand (especially targeted at lower income levels) though I’m a little hesitant about cutting spending. I’m in the camp that feels deficit spending is okay, maybe even desirable for things like recessions and wars. Spending cuts usually act as a drag on growth so if your goal is to heat up an economy, cutting taxes AND spending seems counter productive…

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