[EdReform]

BTTT

[musicbymuzak]

i wonder what the final straw on the camel’s back will be

[mbarker12474]

1. government health care
2. VAT to pretend to pay for it
3. amnesty and enfranchisement of 20 million to keep it
4. fairness doctrine (and similar) to silence opposition

5. kill Toyota
6. kill health insurance companies
7. watch Israel get nuked
8. catch flies

[Signalman]

Look for Obama to propose such a tax AFTER the November midterm elections.

Which is why the GOP needs to bring out ads NOW, and keep hammering this to the American people that if they don't vote out the libs in November, they're going to be taxed every time they purchase a good or service.

[jpl]

It is estimated that for every 1% of a VAT, it will bring in $1 Trillion in revenue.

A trillion dollars in revenue is more than $3,000 for every single person in America, and almost $10,000 for every working taxpayer. I'm pretty skeptical of this claim; I think it's more likely to sink our service-based economy as people decide to simply cut back on unnecessary expenditures.

Also, a VAT is about the most regressive kind of tax a country can possibly have, unless you either carve out a whole big list of exceptions for groceries and other critical necessities, or you give it back in the form of tax credits to people under a certain income threshold. In either case, you kill a lot of that revenue.

I don't see how any honest so-called "progressive" can ever support a straight up VAT when it impacts low-income people so hard.

[taildragger]

**** um...

I'll be buying used at tag sales from now on, and if I my fashion sense ranks right up their with Fred Sanford than so be it...

[Waco]

The VAT will result in the banning of sales’’ except for 1 or 2 a yr. it will destroy walmart and other discount stores, all stores will be required to charge price for an item. Chk. Germany for more details. It will subject from State revenues as States rely heavily on the sales tax for revenue. It must be a bad idea or RATS wouldn’t go so big for it.

[pabianice]

Saw it. Estimated VAT at 15-20%. And no reduction in any income tax. A true nightmare.

[dawn53]

It’s an economy killer. And the line that the consumer won’t “feel it” because it’s split among manufactureres, retailers, and consumers is nothing short of naivete, or a bold faced lie...take your pick.

[Pagey]

BTTT!