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The Value Added Tax Would Raise Tons of Money; and that's Why it's Wrong

LA-Steve Wrote: May 04, 2012 3:54 PM
Structurally there is no difference between the income tax and the fair tax, however the fair tax would cost more to enforce and enlarge the government more. People have been cheating on sales taxes for thousands of years. You are right that the fair tax is marginally better than a vat tax. We should look to taxes that aren't a drain on the economy.

I’ve written before how “The Value-Added Tax Would Be a Money Machine for Big Government.”

Writing for Bloomberg, Josh Barro has a piece entitled, “Value-Added Tax Would Raise Tons for U.S. Coffers.”

So you might think we see eye to eye on this issue, but that would be a rash assumption. While I see a giant new tax as a dangerous step on the road to serfdom, Josh thinks it’s a necessary and desirable reform.

…it is time to reconsider a VAT. It would be both substantively better and more politically palatable. Here’s why: A value-added tax raises a...

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