Wednesday, October 14, 2009

The Value Added Tax (VAT): A Hidden New Tax to Finance Much Bigger Government

This Center for Freedom and Prosperity Foundation video explains why a value-added tax would be a dangerous money machine for big government. The evidence from Europe also shows that VATs actually lead to higher income taxes.

My take: IF IF IF IF the VAT were a PERMANENT REPLACEMENT for the personal income tax on all citizens, I would support it. However, the VAT is merely another way to grow government, and find new and creative ways to confiscate more money from the country's producers.

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