And best of all it is NOT a progressive tax.
A VAT is far WORSE than a "progressive tax" and it's on top of a 10% income tax. Just how bereft of math skills are you?
Let me explain this so that even YOU can comprehend it.
First of all, a product gets a VAT tax on every part of its production and every step of its manufacture. No company is going to just "eat" that TAX, so it gets passed along. And just WHO pays all of those taxes, at the end of the line?
YOU DO AND KEEPING THE INCOME TAX EVEN A LOWERED ONE, MEANS THAT THE INCOME TAX CAN ALWAYS BE RAISED, AT ANY TIME, BY CONGRESS !
When, 10-15 years???