Comment by parineum
4 hours ago
> there is no direct way to translate it to something more concrete.
There's an incredibly easy way to do that, sell it.
If Nvidia takes $20 of parts and sells it for $100, they created $80 of value. If we had VAT, that's what would be taxed (minus things like r and d but, for simplicity...).
that definitely $80 of value for Nvidia added but does it really added something to whole system? if some physical goods moved from one company to another with generation of VAT, does it really add up to economy as whole or just one seller made bad decision and loosed some $, other gained few $ but overall balance of value just still same.