What you saw in Europe was on top of income taxes. I was there as well. Cruz’s plan will make drastically shrink the IRS as well. Those of us who live by the (apparently antiquated on FR) idea that smaller government is better find it superior to Trump’s Warren Buffet-like ideations about taxing the ever higher.
And you failed — miserably — to provide a meaningful response to my question, so I will rephrase it slightly and ask it again: “Do you somehow think the current system and rates are not being “tinkered with?”
*taxing the rich ever higher
Of course the current system is being tinkered with. That question was so foolish that I honestly did not think you expected an answer. The better question to ask is what makes you think giving politicians a new item to tinker with on top of what they already have is a good idea? I think it is beyond stupid to do so. This VAT is on top of income tax also as businesses do not pay tax, their customers do. I saw Germany’s VAT have regular increases while I was there and people did not complain about it as much as they would an income tax increase. I think it was because the tax is kind of hidden, if you are not paying attention, you just see prices go up a little bit. Cruz’s plan will never happen even if he did get elected, which he most likely will not.