Quote:
Originally Posted by Stillman16
Yes, the VAT wouldn't be the only way, I'm sure a creative way could be thought up, that targeted those that can afford it more. Wealth tax, Luxury vehicle tax (or maybe just new vehicle tax, while not collecting on older vehicles), Inheritance taxes (over a certain threshold), the Carbon tax is a form of wealth redistribution as well, since lower income people get more back than spent.
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Yeah, none of those would get you any reasonable distance toward this goal. You're short by the whole revenue of the federal government. Little targeted things don't get you close.
As an example: total vehicle sales have been 2 MM units plus or minus less than 5% the last three years.
See:
https://www150.statcan.gc.ca/t1/tbl1...pid=2010000201
A 10k tax per new vehicle raises $20 B per year assuming nobody chooses not to buy a new car as a result of that, which is pretty unlikely. You got less than 5% of the $500+ billion required, and nerfed a huge amount of auto industry jobs at the same time.