Despite the fact that hapless oaf Robert Gibbs denied that the administration was considering a value added tax for the US, Obama yesterday seemed to put it back on the table....
When asked if he could see a potential VAT in this nation, the president said: "I know that there's been a lot of talk around town lately about the value-added tax. That is something that has worked for some countries. It's something that would be novel for the United States."
"And before, you know, I start saying 'this makes sense or that makes sense,' I want to get a better picture of what our options are," Obama said.
A value added tax, in addition to all our other taxes and costs going up, would put the final nail in what's left of the remaining tatters of our economy. That Obama is even considering such a thing shows how he detests economic freedom, capitalism, and dare I say, America itself. The European countries who are tormented by a VAT are moribund, as so much of the countries' wealth goes to fund the government, that there's no incentive to be productive.
The only way a VAT should be considered for the US is if the government suspended permanently, all federal income tax collections. Otherwise, a European-style VAT must be vehemently resisted by productive Americans.