Posted on 12/04/2004 2:16:46 PM PST by Ernest_at_the_Beach
Bartlett's basic assumption was that the U.S. would drift toward European levels of spending and that if we were going to have European spending we would need a European tax. He may be right as to the direction of the drift, but if he is, we need a tax that hurts, not one that is "painless". The VAT is open-ended.
Thanks for the post...
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