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Jim,

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wrote:
The value added tax will greatly increase the cost of goods, thus
affecting the
poor much more than the wealthy.

**************

That's why sales taxes are usually considered regressive. The poor are
compelled to spend 100% of their income on basic needs. The wealthy
spend as little as only a few percent on basic needs and merchandise
subject to VAT or sales tax, with a higher percentage spent on services
and travel and a very high percentage on investment.

When you go to a poor person and say, "VAT is 20%, so give me 20% of
what your earn" that can hurt a lot worse, (even though it's a lot less
money), than approaching a wealthy person with "VAT is 20% and you
spend 25% of your earnings on taxable items so hand over 5%".

Flat tax, flat tax, flat tax, flat tax, flat tax. No tax on the first
$30,000 or so per family per year, then a fixed rate of 15-20% on all
earnings above that regardless of source. It's very fair, doesn't
burden the poor with any tax at all, and takes a fixed, predictable,
even percentage from everybody else without special favors or
exemptions.

This is why I asked you to read the article before commenting. The VAT
would be partially refunded based on income, and there would be an
income tax on those earning in excess of 100k/yr

Please read the article!

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