Every congressional conservative candidate should be shouting this from the roof tops...
Yeah, different....as in hidden.... in that you don't see it directly at the register when you buy the product.
all this new tax is, is ANOTHER POCKET TO PICK!!!
There would be only one reason to adopt the VAT - in that ALL individual and corporate INCOME taxes be eliminated altogether.
But the plan is to adopt the VAT IN ADDITION to the proposal to raise rates to the cruelest level of “progressive” income taxes since the Second World War.
And on top of the VAT, there is also a plan to adopt a “carbon tax” related to how much carbon dioxide from the burning of “fossil” fuels is produced in the extraction, refining, transportation and retailing of a particular product. It may also be in the form of a “BTU tax”, relating to how many uits of energy were used in all stages of manufacture and distribution of goods and services.
The power to tax is the power to destroy. And taxation without representation has long been considered as reprehensible to free people everywhere.
Representation without taxation, in an effort to “equalize” things, is even more mischievious. Those upon whom the burden of taxes falls most lightly, can demand ever greater services, with little cost to themselves. But that approach is totally destructive of innovation and expansion, and soon becomes an exercise in tax avoidance by those called upon to bear the load disproportionately.
TANSTAAFL - “There ain’t no such thing as a free lunch”.
So someone may get something for nothing, somebody else, somewhere, has to be getting nothing for something.
Then, after the money starts rolling into the treasury, CONgress blows it like a Meth Addict with a wheel barrow full of cash at Vegas.
It will only serve to increase the deficit much, much further.
Politicians make political noise. VATs haven’t worked in other defaulting countries and won’t work here. Consumers will only tighten up much more and become more self-sufficient. Before long, leaders of foreign fascist regimes will be triumphantly showing pictures of impoverished Americans in propaganda to their own peasants.
but if you parse their words you will find they are not really saying they are going to stop it either....truly frightening!
The way to reign in deficits is to QUIT SPENDING WHAT YOU HAVE TO BORROW FROM CHINA TO SPEND!