—...some kind of VAT tax. That sucker will bring in billions of dollars.—
And since it doesn’t actually “create” dollars, I assume it means it will bring them in from “someplace else” which will be missing billions of dollars. And then there is the huge gray market it will create. Not to mention barter. ;-)
The VAT is a horrible tax, but it’s easy to hide. The public won’t see it. They will start it at 2 or 3 percent, and of course in time it will go up & up.