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How America might get a Value Added Tax

9 pointsby startuprulesabout 15 years ago

2 comments

tptacekabout 15 years ago
The theory of this article is that we will:<p>(a) Shift from a complicated progressive tax to an <i>even more complicated</i> regressive tax, and <i>simultaneously</i><p>(b) Adopt a series of reforms that will end Medicare and Social Security.<p>Whether you agree with the principles or not, we're more likely to get a flat income tax than a VAT.
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Diogenesabout 15 years ago
It's not going to happen, as the Constitution reserves these powers to the States. The States retain (so far) plenary power with regards to transactions within their borders.<p>A very detailed refutation: <a href="http://www.heritage.org/Research/Reports/2005/05/Beware-the-Value-Added-Tax" rel="nofollow">http://www.heritage.org/Research/Reports/2005/05/Beware-the-...</a>