Quote Originally Posted by Raver View Post
Someone asked him that question in an interview. He said that the solution was a VAT (value added tax) that should redistribute a portion of the wealth from the richest Americans to fund UBI. Tbh, I don't really fully understand how UBI will secure enough funding or even how VAT works, but VAT has been described as one way to do it.
VAT takes money from each part of the supply chain instead of just charging the end consumer sales tax. A portion of the VAT is refunded for each step of the production process except the last. The two can be equivalent in terms of net taxation. But the VAT places more responsibility on producers to pay for taxes based on what they produce. Most countries do VAT these days.

A VAT would be national and equal across all States.