I am unconditionally opposed to a VAT. I do not care what happens to the income tax. I will never support a VAT. It is the worst possible tax scheme. It is invisible, complex, and a huge money maker. Our version of the VAT will undoubtedly be much worse than other countries.
If you really want to encourage savings and investment and discourage consumption, you should have no income tax and a retail sales tax on everything with no exceptions.
No VAT because it is a hidden tax on the consumer just like corporate taxes.
A perfect scheme for money hungry politicians.
Being invisible is the WORST part and would only bring us down faster via stealthy theft.
Yep, a socialist/Marxist dream tax!
I agree, a VAT is a criminal tax.
That said, the thing Daniels and every other idiot in DC doesn’t get is that we can NEVER balance income and out go by increasing taxes. No matter what form the taxes take.
There simply isn’t enough money to satisfy the government’s thirst. The only solution is on the spending side of the equation. And that requires radical changes to the government AND an end to the entitlement mentality of the American people. So there is no hope. Too many of the people are greedy and stupid, a damning combination.
Too true that...America does socialism horribly. All you need to do is look at Obamacare to see that our government has taken the worst concepts of socialism and created a disaster.
I say let Europe be Europe...no need to make ourselves into a poor imitation of that continent.
Add me to the opposers of a VAT. There are people on this forum who are all for it as a replacement of the current income tax, that, of course will never happen, it would be in addition to the income tax.
Their reasoning being, that all would pay, including those who pay no income tax now. They are too simple minded to know that any tax the so called "poor" pay through a VAT would be refunded to them, plus a little extra for their troubles. Remember the E.I.T.C.?
Agreed. This is insidious. the plan is to redistribute our wealth to the world through the UN.
Dittos.