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The current rage amongst the intellectual elite is that we should join our European friends and put in place a national sales tax, commonly referred to as a Valued Added Tax (VAT). If we adopt this form of taxation, you might as well prepare for the death knell of both our economy and our freedom.
It should be noted that some smart people are in favor of this tax form and they have good arguments. A few years back, I saw Arthur Laffer give a speech to the California Republican Party where he whole-heartedly endorsed the VAT. If you are...
Kill the VAT Now and Forever
But the government then stated that the "Flat Tax" requirement was 17% or the "Fair Tax" was 25%! In other words, the Federal Government was willing to consider these taxes IF they were allowed to collect 50% to 100% more money from us, the taxpayers!
The VAT is a similar rip-off. Actually it is simply another tax they can raise until...