Quote:
Originally Posted by bizaro86
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. |
Not that I would be in favour of this in any way, because I really dislike any form of double taxation, but...
The new car market is a very small portion of the overall vehicle market. I don't have the stats for Canada, but the used car market in the US is nearly $800B and here's already an existing precedent for taxing all car sales, both new and used... Or, we could go one step further and also tax vehicles like property, like they do in Connecticut... One nice big sales tax when you buy, and then an ongoing property tax for as long as you own the car...
It's these kinds of 'new' taxes that would be required to raise the tax revenue to fund UBI...