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To: KeyLargo
Paul Krugman

This dude is on some heavy drugs.

The national sales tax, referred to as value-added tax (VAT), which governments across Europe use widely, will help cut the U.S deficit, Krugman argues.

He conflates a national sales tax with a VAT.

Nazis like Krugman always think "death panels" will fix the economy.


7 posted on 11/15/2010 8:01:20 AM PST by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your law is my delight.)
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To: UriÂ’el-2012

essentially, a VAT and sales tax have the same end result to a consumer. It just changes how the money is collected. In a VAT, parts of the sales tax are collected in stages, with the end result being the VAT added to the price. A Sales tax just tacks the tax on at the end.\

So a $1.00 item will be $1.10 whether there is a 10% VAT or a 10% sales tax


22 posted on 11/15/2010 9:20:35 AM PST by ChurtleDawg (voting only encourages them)
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