“I’m Speaking.” – Kamala Harris To Mike Pence During The 2020 Vice Presidential Debate T-Shirt
I agree. I only took high school economics but one of the “I’m Speaking.” – Kamala Harris To Mike Pence During The 2020 Vice Presidential Debate T-Shirt I remember is that sales or value added taxes are ALWAYS regressive (unless they’re on luxuries maybe), since poor people tend to spend more of their money. This especially applies to basic necessities (that poor people spend a higher proportion of their income on) with a low price elasticity of demand.
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