To: SAJ
Exactly. A VAT would be OK if we bought our food directly from the farm, or our furniture directly from the factory, etc. However, most people do not realize how many times goods bought by consumers in this country have actually changed hands. Many commodities in this country actually change hands seven or eight times between manufacture and end-user. If you live in any city in Canada, chances are your VAT is about 27%.
To: Conservative Infidel
An excellent explanation of the process. What VAT ends up being is, in fact,
multiple levels of taxes...on taxes!
When one or another politico starts yapping about a VAT, run, do not walk, to the nearest voting booth and vote this moron into retirement. Behave like a Chicago Demonrat -- vote SEVERAL times.
61 posted on
08/02/2004 7:05:27 AM PDT by
SAJ
(Buy 1 NGH05 7.50 call, Sell 3 NGH05 11.00 calls against, for $600-800 net credit OB. Stone lock.)
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