[Scotswife]

I have a better idea - howzabout we repeal Obamacare so we won’t need the flippin’ VAT?

[Pietro]

How about the gov. stops spending more money than they take in?

How about they eliminate agencies and programs we can't afford?

How about the next gov. flunky that mentions a new tax gets put up against the wall!

[Sacajaweau]

You create a deficient and then suggest a tax. Brilliant!!

[Repeat Offender]

LONG LIVE THE FREE BLACK MARKET!!!

Because that's where the free market will move to. It's starting already.

[DTogo]

"But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security."

[Dubya-M-DeesWent2SyriaStupid!]

NATIONALIZED SALES TAX PAID TO OBAMA & CRONIES

IMPEACH OBAMA FIRE THE COMMIE LEFT WING FROM THE WH!

[Notary Sojac]

The idea here is to send up the VAT balloon and watch it get shot down.

Having "tried and failed to get a bipartisan solution to the debt crisis" the administration will then feel free to solve it by massive dollar devaluation.

[Buckeye McFrog]

a word comes to mind....and it sounds oddly similar to “Volcker”....

[FlingWingFlyer]

It looks like the "tax and spend" is back in vogue!

Nice job back there in November 2008 America!

How's that "history" workin' for ya now?

[Marty62]

‘After VAT was first introduced, a survey was conducted by Alan S Tait on its impact in several countries on the basis of International Monetary Fund data, which shows that VAT is never introduced in isolation.”

Uh huh. And what does the OTHER shoe of the taxation drunken brawl look like?

[mrmeyer]

[dimk]

VAT is not a sales tax.. it is worse. It is collected throughout the whole manufacturing process.

[Abathar]

First thing that they pointed out on Fox and Friends this morning was that Gibbs will twist any negative views on his VAT idea with "Volcker was a Reaganite, how can you be against this if even your hero's adviser says we need it?"

Just watch, his record of working for Reagan will be all over the MSM today to blunt the negative responses.

[buffyt]

We won’t even be able to afford a loaf of bread!

[Lets Be Frank]

I’m going to make a list of anything I might need in the next several years that I can buy now. Couch...rug...sneakers..etc. mmmmm....maybe that is their plan to stimulate the economy, scare everybody into spending now to avoid the VAT later.

[Thunder90]

He also recommended a “Carbon Tax” scheme, increased gasoline taxes, Cap and Trade with a carbon tax, and increased income taxes. Volker also recommended defense cuts.

[mo]

Our employees clearly have a terrible hearing problem.....

[mo]

everything free men do interferes with these people’s goals....

[Williford]

Get rid of the income tax, and I might be O.K. with the VAT. Then at least those 47% who pay no income taxes, yet receive many benefits from my taxes, would have to contribute to the cause. Unfortunately, the VAT will not replace anything. It will only be “in addition to”. As someone else has already mentioned, the first place to start is cutting spending. That’s what every business and individual does when faced with a shortfall in income. Pardon me; I had a momentary brain cramp. None of the dimwits in Washington knows anything about running a business.

[Cyber Liberty]

A VAT is a national sales tax that, like state and city sales taxes, would be collected by retailers.

A world-class over-simplification.