Thursday, April 22, 2010

The VAT Con Continues

VAT is not the same as “soaking the rich” « The Confluence:

"Barack Obama is suggesting the Value Added Tax (VAT) as a revenue option for those of us just livin’ it up on our stagnant salaries. Yep, we just have tons and tons of disposable income, what with gas at $3.00/gallon and excise taxes on our frugal health bennies and our kids’ college funds running on empty.

How many times do we have to go through this with our cowardly and craven politicians? We want you to SOAK THE RICH. That is what you were elected to do in 2008. We are sick of squabbling over the shrinking slice of pie that the bonus class is throwing us. The day after Goldman-Sachs announced it’s whopping $3+ billion quarterly profit using money that we, the taxpayers, gave it through TARP, is not a good time to bring up the idea of a VAT. If the country is broke, Mr. Obama, perhaps you should stop asking the vast majority of rules playing and responsible taxpayers to pony up. Stop looking down the food chain at the plankton. Look upwards towards the sharks if you need to recover the money..."

The Conservative Con Men continue to yak about flat taxes, VATs, etc. Many otherwise sane people (and some not so sane) fall for these tax ruses. Flat taxes sound good until someone starts capping them so the guy buying the $30k pick-up ends up paying the same tax as the guy buying the $10m corporate jet. Scams all. Social Security? I can fix it tomorrow. Eliminate the cap.

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