| From: | Matt Sealey |
| Date: | 3 Sep 2000 at 19:08:00 |
| Subject: | Re: Sorry but this has got to me.... |
Hello Simon
On 03-Sep-00, you wrote:
> Hello Matt
>
> On 03-Sep-00,Matt yapped about: [amigactive] Re: Sorry but this has got to
> me....
>
>> It all balances out very nicely. You pay less for one and AUTOMATICALLY
>> more for the other. There is no getting out of it. That we have a balance
>> which makes for more expensive goods means that we actually get a lot
>> more money each month to pay for it..
>
> Oh, right. I'm pleased you cleared that one up. So I think I will buy that
> new Jaguar and new house in Kensington. After all, we do get a lot more
> money each month to pay for it?
Way to exaggerate! Basically you pay less income tax so VAT makes up for
it in the economy. In Europe, and in the US, they pay huge amounts of income
tax but very little in the way of VAT. I think there was an example of Norway
having EXTREMELY low VAT, so much so that food and clothes ares incredibly
cheap, but you'd be hard pressed to find anyone with a high take-home wage
with which to exploit the cheap goods.
It balances.
Thanks
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