Agreed. We’d be paying 20-20-20 before long.
Not much different than the Fair Tax, which Cain has stated is his end goal. If the Fair Tax were to start at 18% it would become 20%, then 22%, then 35%, then 38% - the ‘Rats would demagogue it with something like, “We’re broke and it is all because of the Fair Tax - we need to get it back to xx%, and the middle class and poor shouldn’t have to pay the same rate as millionaires and billionaires .....
A good start would be the end of baseline budgeting and throw in mandatory balanced budgets ....... fat chance ......
Any opening to a VAT is the complete end to our way of life. The VATs in Europe range from 17% to a mindblowing 25%. Hence, everything is a major purchase. McDonalds value meals can be as much as $15 and a pair of Levis, $125. Apply those types of prices to near everything.
I love the idea of the 51% who currenly pay nothing paying something too but i know where 999 will lead. They’ll get credits (checks back from the taxpayer) and we will get ever rising consumer prices.