Thursday, April 08, 2010

VAT: the end of economic freedom as we know it

The reason why elites in Washington would look to a VAT before increasing income taxes (and, believe me, higher income taxes are coming) is because not enough of the population even pays income taxes to make it worthwhile for the government to use the income tax structure to balance the budget... the government can extract the most amount of your wealth from a national sales tax.
Obama’s National Sales Tax

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