Jeffrey Whipple Wrote:
May 04, 2012 7:34 PM
I agree that no more taxes is a good idea, but there are some things that need to be understood about a VAT . First the government will just spend the money. But a VAT is not only a non progressive tax it is a regressive tax. The poor pay a hirer percent of their income in tax than the rich. I don't mind a flat tax, but a tax where the poor pay more? When the VAT was started in Europe, it was also referred to as the accounts full employment act. The VAT is so complicated that companies will beg to go back to the terrible system we have now. The goal should be to reduce government spending and make things fairer and more straight forward. All of which the VAT will make worse.