Comment by aerovistae
9 years ago
I really don't understand this idea. The GDP isn't like an actual account or something that the government can pay into or out of.
It's "a monetary measure of the market value of all final goods and services produced in a period of time," to quote its Wiki definition. That is, we're summing up the value of everything we made that year. It's like a hypothetical number meant to evaluate what we accomplished. It's not like accounts receivable or something. And we already all have a share, by definition....it's the sum of what we all did.
Am I missing something here? Or does Sam not know what GDP is? Seems unlikely, but I really don't get it.
A VAT tax is sort of like a tax on productivity, so I guess it's sort of like a universal VAT tax that would get collected then and paid back to everyone split evenly.