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

None1257 Wrote: May 04, 2012 12:35 PM
Why do we need to tax people? To pay for what government spends? How do we tax people less? By reducing the amount that government spends?

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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