We’re all going to hear a lot about this in the months ahead….
With government spending in Gusher Mode and with the U.S. teetering on the edge of a historic fiscal implosion leading to a full-blown depression (if we’re not there already), you KNOW the political/government/ruling class is searching desperately for ways to extract MORE MONEY from the productive/working/responsible classes. So….
The solution is obvious. In order to continue expanding government power, size, reach, intrusiveness, control, and ability to provide "essential services" and "stimulus" in order to "create jobs," the time has clearly come to institute a…wait for it…FAT GOVERNMENT tax!
Heh. Read all about it:
More Arguments against a Value-Added Tax
The biggest long-term threat to fiscal responsibility is a value-added tax, as I’ve explained here, here, here, here, and here. So I’m delighted to see a growing amount of research showing that a VAT is bad news. Jim Powell has an excellent column at Investor’s Business Daily that makes a rather obvious point about the wisdom (or lack thereof) of copying the tax policy of nations that are teetering on the edge of fiscal collapse (this cartoon has the same message in a more amusing fashion).
(From Tim: OH! I’m sorry. Did I accidentally label the Value Added Tax a "FAT GOVERNMENT tax"? What a mistake…it just popped out. In the meantime, the cartoon? From the Washington Post, no less? Heh.)
