Posted on 04/07/2010 3:11:00 PM PDT by 2ndDivisionVet
(Jose Barro, an economist for the Manhattan Institute, told CBS 2 HD that the vat might work if the government agreed to reduce personal income and corporate taxes at the same time.)
If people are stupid enough to fall for this, they deserve what they get. For a temporary reduction in the other taxes, people would allow yet another source of taxation. Predictably, all those tax rates would then go up, giving the socialists exactly what they want.
(Jose Barro, an economist for the Manhattan Institute, told CBS 2 HD that the vat might work if the government agreed to reduce personal income and corporate taxes at the same time.)
If people are stupid enough to fall for this, they deserve what they get. For a temporary reduction in the other taxes, people would allow yet another source of taxation. Predictably, all those tax rates would then go up, giving the socialists exactly what they want.
It’s the Fair Tax.
Just shows what totally incompetants are running our country. Tax, tax, tax, til there is nothing left to tax, no people working and all businesses gone!
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