this post was submitted on 08 Oct 2024
1250 points (97.1% liked)

Fuck Cars

9782 readers
1051 users here now

A place to discuss problems of car centric infrastructure or how it hurts us all. Let's explore the bad world of Cars!

Rules

1. Be CivilYou may not agree on ideas, but please do not be needlessly rude or insulting to other people in this community.

2. No hate speechDon't discriminate or disparage people on the basis of sex, gender, race, ethnicity, nationality, religion, or sexuality.

3. Don't harass peopleDon't follow people you disagree with into multiple threads or into PMs to insult, disparage, or otherwise attack them. And certainly don't doxx any non-public figures.

4. Stay on topicThis community is about cars, their externalities in society, car-dependency, and solutions to these.

5. No repostsDo not repost content that has already been posted in this community.

Moderator discretion will be used to judge reports with regard to the above rules.

Posting Guidelines

In the absence of a flair system on lemmy yet, let’s try to make it easier to scan through posts by type in here by using tags:

Recommended communities:

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
1250
Both is good (lemmy.world)
submitted 2 months ago by [email protected] to c/[email protected]
115 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] -2 points 2 months ago* (last edited 2 months ago) (1 children)

If I pay you and then you pay someone else and then that person pays me the same amount we've increased the GDP without actually doing anything.

Wrong. This transfer of funds would be taxed in some form or the other. GST if u r a registered business. If u aren't, it would come under personal income tax. Therefore, it would not be profitable for you to do this money exchange without expecting something in return. If you say that you simply enjoy seeing cash change hands, then u r generating value. U r getting pleasure in return of doing this experiment. Soooo that does come under GDP.

Now of course, GDP shouldn't be the only metric you judge a country by. It's clearly very flawed in measuring stuff like quality of life per person, wealth inequality and so on. However, it doesn't mean that you should completely ditch it either. It certainly has its use case when trying to understand the economy of a country.

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago)

Wrong. Most jurisdictions have Value-Added Taxes, including I'm pretty sure all places that call their sales tax GST (Goods and Services Tax). In the given scenario, as long as the businesses were making those purchases (as business expenses), they would take the taxes paid as ITCs (Input Tax Credits), and be left will a GST bill of NIL.

Source: Here's Canada's info on ITCs. It's pretty similar in other jurisdictions.