Quote Originally Posted by DryCleaning View Post
VAT isn't regressive by a long stretch as it is a tax on consumption. Its quite progressive if you (i) set the rate high enough and (ii) you zero rate those purchases that are required for everyday living only taxing the true luxuries of life. Those who spend on those luxuries pay the most tax, those who only can afford the essentials pay nothing.
yes, theres an interesting case for scrapping all income taxes and increasing VAT instead