VAT isn&#x27;t flat. Since it does not apply to monetary instruments, a VAT is regressive.<p>I still think that VAT with offsets is the best taxation form available (and universal income the best offset form). But it alone is disastrous.<p>And, while we are at it, make sure the VAT is really a VAT, not a sale-value tax. Because it usually is, and it&#x27;s the one tax form worse than a VAT.