Brown: VAT tax would likely affect poor Americans disproportionally
Democratic presidential candidate Andrew Yang proposes to give American adults $1,000 per month in basic income to offset job losses from automation. He says we could pay for it with a Euro-style value-added tax, but Emory Law Professor Dorothy Brown tells NewsHour that the proposal raises more questions than answers and could disproportionately affect low-income earners. "The devil's in the details," she said. "A VAT on all goods and services is basically taking money out of the pockets of the people you're trying to put the money in."