OT / My pet peeve *fatties*
Dave wrote:
I don't think I lined up in favor of anything.
OK, my mistake. I thought you were advocating the VAT as a
way of propping up gov't revenue in the wake of a flat tax.
VAT does have, in addition to the problem I identified earlier, the problem
that increases in the tax rate may be less visible to the ultimate payer
than is the income tax.
I believe I already mentioned that, along with a few other
implications.
.... Of course
that notion may also be approaching quaint as we are nearly at the point
where 50% of Americans pay no income tax.
They shouldn't be called "Americans."
Citizenship should be reserved for those who pay for it!
DSK
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