VAT's The Problem campaign hopes to stop the tsunami of restaurant closures we're seeing right now
4d 11h ago by leminal.space/u/okwithmydecay in unitedkingdom@feddit.uk from www.hot-dinners.com
The problem is that the entire economy is fucked. I don't think the answer is to subsidise the restaurant industry.
The largest single share of the benefit goes to big business to increase profits (rather than cut prices)
VAT is a regressive tax. so its replacement with a wealth tax should be supported by all... Except the wealthy I guess. But VAT needs replacing, not removing. Give that money to the poorest, and they'll go to restaurants.
I think VAT is a pretty good system, with minimums below which you don't get taxed and an increasing percentage as you make more money.
I just think it should be way higher at the high end, and we need to increase capital gains tax and inheritance tax.
Is it just me, or does this sound like someone attempting to introduce USA style slave wages into the the UK by attempting to normalise tipping?