Quote:
Originally Posted by opendoor
Yeah, most industrialized countries with high VATs don't use it so much to replace income tax; they do it so they can have high tax revenue without taxing income at 60-70%. It's a supplement and not a replacement.
If switching to consumption based taxes was the no brainer that some people like to present it as, you'd think some country would have done it successfully.
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I meant, there are sort of two separate questions - how much government spending does your society want and what's the best way to raise that money. I think you can look at them separately. I think Canada would optimally have a higher mix of consumption taxes as compared to income taxes.