|
5% on a VAT is actually pretty steep. Remember, the tax is tacked on every time value is added to a product. The ore comes out of the ground-tax, it's smelted into steel--tax, rolled into sheetmetal-tax, stamped into a part-tax, painted-tax, attached to a final product-tax, and so on.
And, as I recall, the Clintons proposed a VAT to pay for their health proposal.
So, is it really a stretch for us to assume that it will resurface?
Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
Last edited by BlueStreak; 01-05-2010 at 11:37 PM.
|