[chuck_the_tv_out]

This is good - "It should enter the public debate that "Value Added" is a business term; an economics term that means GDP, or Gross Domestic Product"

[GraceG]

Value Added Taxes only help Huge Mega Corps.

Take for instance some Agribusiness Giant like Con Agra. They Own pretty much every link in the chain from field to Grocery Store, you really think they won’t be using this to it’s fullest advantage as a tool to limit their competition?

They would have to be sickling stuipid NOT to. They can manipulate the prices from it from field all the way to store so that the “value” in each link of the chain is as low as possible.

Another shining example of how the libs fail to think through the consequences of their innane actions and thought.

[E. Pluribus Unum]

If I cut my own hair, do I owe the state government the sales tax I would have paid for a store-bought haircut, and the federal government the FICA and income tax the barber would have paid?

[rbosque]

I lived in Britain for 4 years, they have a VAT. I once argued with my economics professor that it was this fact that sapped away their potential GDP and he dismissed my comments.

An institutionalized professor who never worked in the private sector much less experienced the sting of a VAT.