I tend to like VAT-like taxes as they can convey how much money companies have marked up their product. It lays bear if their costs have actually risen or if they’re actually doing crowdsourced price fixing.
That said you’re 100% correct. Corporate, wealth and stock market trading taxes are way better ways to actually slow down accumulation and corruption.
Tariffs are a federal sales tax and sales taxes are the most regressive of taxes vs income taxes and corporate taxes that hit the rich more.
I tend to like VAT-like taxes as they can convey how much money companies have marked up their product. It lays bear if their costs have actually risen or if they’re actually doing crowdsourced price fixing.
That said you’re 100% correct. Corporate, wealth and stock market trading taxes are way better ways to actually slow down accumulation and corruption.