Value-added tax in the United States could restrain long-term federal debt folly

American Enterprise Institute wants to promote a Value Added Tax for the United States! What a dim witted and absurd idea! To restrain increasing federal debt does not require a new and massive tax! 

I have blogged about taxation previously, e.g. here, here, here, here. 

Of course, government and its enablers are always seeking to squeeze more revenue out of its citizens and business. The stealthier, the better!

Some states in the United States already feature combined income and sales taxation!

 

Take Germany as an example: Very high income taxes combined with a very high VAT of up to 19% (see my blog post). 

"Always remember this well known quote by the famous finance minister to France’s king Louis XIV (the infamous Sun King), Jean-Baptiste Colbert:

“The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least amount of hissing.”

He probably expressed it best!" (Source)

Value-added tax could restrain long-term federal debt | American Enterprise Institute - AEI