Thursday, April 15, 2010

The V.A.T. --- the taxing truth

When the Democrats present the Value Added Tax, they will dress it up in as many pleasant pretty bows and whistles as possible. Many promises will be made about how high it will go and how much it will effect the middle class.

Ever single one will be a lie.

Here is a good Wall Street Journal story about the VAT in Europe and the lessons we should learn from their experience. No matter what you are told, the implementation of a VAT in America will destroy the middle class as we know it FORever.

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