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November 21, 2010, By Herman Cain
"The worst idea is a proposed national sales tax, which is a disguised VAT (value added tax) on top of everything we already pay in federal taxes.
Here are three of the biggest reasons the national retail sales tax is the worst idea on the table.
First, we have a spending problem in Washington, D.C. not a revenue problem. ......
Even worse is reason number two: In every country that has established a VAT with the promise of reducing their national debt, the VAT has eventually gone up or expanded on top of the existing tax structure. ....
For the liberal naysayers who say that would not happen, you lose! Just look at the Social Security system, Medicare and Medicaid. Over the years since their inception, taxes have gone up, ...."
Giving the administration and Congress another tool to tax us and confuse us is like giving an alcoholic a key to the liquor store with no supervision, only to discover that he locks the door after he is safely inside. A national retail sales tax on top of all the confusing and unfair taxes we have today is insane! It gives the out-of-control bureaucrats and politicians in denial one more tool to lie, deceive, manipulate and destroy this country.
He is talking about an ADD ON tax which is a VAT
The 9% in Cain’s plan is NOT a VAT - it is a Point of Sale tax.
So please provide proof that its a VAT tax, do you even understand what a VAT tax is?
” on top of everything we already pay in federal taxes.”
Did you miss that part of Cain’s quote on purpose?
Additional, not a replacement like the Fair Tax.
There is an entire thread debunking the misinformation Polybius is posting here.
Read the discussion there and decide for yourself.
I see you are once again deceiving people by not posting the whole article...shame on you.
To: Polybius
correct your crap here is the rest of the article: A national retail sales tax on top of all the confusing and unfair taxes we have today is insane! It gives the out-of-control bureaucrats and politicians in denial one more tool to lie, deceive, manipulate and destroy this country. The third reason the national retail sales tax on top of all the taxes we already pay is a bad idea, is that there is already proposed legislation that replaces all of the federal taxes we pay. It replaces all current revenue. It supercharges our national economic growth, and puts the power of taxation back into the hands of the people who spend their money.
It’s called the Fair Tax. It’s as easy to understand as ABC! That’s the problem. It’s fair. It is simple and understandable. But the politicians and bureaucrats do not want to give people more control of their own money. That’s why even though the legislation has been introduced in every session of Congress since 1999, it has not advanced. People are not stupid. Maybe they will hear us in 2012. Read more: http://dailycaller.com/2010/11/22/dont-be-vat-stupid/#ixzz1b0GyxEZ0
81 posted on Sunday, October 16, 2011 7:54:19 PM by rolling_stone