Yes, it’s not the sales tax part of 999 that is the vat. It’s the flat 9% corporate income tax. It is exactly a vat - a subtraction method vat. Look it up. I wouldn’t lie about that.
A VAT isn’t bad in and of itself - but when it’s combined with other taxes it is [see Europe.]
I wondered why Herman left the nrst and went with 999. It’s gotten him a ton of attention but why didn’t he just put forth the nrst or “Fair Tax”? The arguments against it are liberal ones.
But I’m still a Cain fan and I hope he goes to the nrst.
I don't think the solution to the deficit lies in the best and fairest method to come up with $3.82 trillion for Congress to spend.