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

Yor12 Wrote: May 04, 2012 11:46 PM
Europe has had VAT for many years but all it does is to encourage politicians to spend more and more. Eventually, they spend more than they take in and want more and more taxes.

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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