Value Added Tax (VAT) - Unfair and Insane

| Tuesday, November 30, 2010 | |
by Herman Cain

There’s one message from the 2010 elections that many so-called policy makers, political elites and analysts did not hear. Namely, the American people are not as uninformed and stupid as they think we are.

President Obama’s Debt Commission and the Bipartisan Policy Center’s Debt Reduction Task Force have both floated their ideas for reducing our nation’s runaway national debt. As CNNMoney.com reports, both sets of ideas echo each other in broad strokes. And both sets of ideas could confuse and confound the leaves off a tree.

These ideas are a long way from becoming law, but they are generating, as intended, much discussion about the merits of each idea.

The worst idea is a proposed national sales tax, which is a disguised VAT (value added tax) on top of everything we already pay in federal taxes.

A national retail sales tax on top of all the confusing and unfair taxes we have today is insane! It gives the out-of-control bureaucrats and politicians in denial one more tool to lie, deceive, manipulate and destroy this country.

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