(05-21-2021 11:58 AM)Hambone10 Wrote:  

(05-21-2021 11:25 AM)MerseyOwl Wrote:  Sorry for the misunderstanding Ham...

No worries. I'm happy to have these conversations... especially with people like you who
a) live with VAT already so you know the ropes and
b) don't ascribe 'evil' to misunderstandings or lack of clarity

The prefund is a way of learning from the European experience with VAT, which has been going on for decades now.


The concept of Numbers prefund and the one I articulated are slightly different, but not significantly. I've set the bar higher which requires that 'assistance' programs all manually raise their levels by 15%.... so congress has to increase their funding and then collect the tax. Numbers' as I understand it does not... all the revenues and expenses come from the 'same interal department'. Its a structural difference rather than an effective one... and really only applies to the poor whereas mine applies to anyone who would have gotten the stimulus.

'Cheers!

Thanks, but it's late and I'm picking a fight on the main board so I'll read your explanation tomorrow.