Home > Economics & Money, National Issues > VAT Tax Idea Formally “Introduced”

VAT Tax Idea Formally “Introduced”

UPDATE 4/8/10:  Now Federal Reserve Chairman Ben S. Bernanke is warning that deficits are going to cause trouble for America.  The Democruds are laying the ground-work to justify huge tax increases upon ALL AMERICANS, mark my words.

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I told you it would happen – I even did so before most pundits produced their screed on the topic half a day to a day after I issued my commentary on the issue, which didnt include the CARBON TAXES and other energy-related taxes Volcker is also proposing!  

American’s of any economic status will get soaked, financially, to pay for what the Democrats want to burden this nation with.  Mark my words. 

And, many people are choosing to sever ties with the United States over the increasing burden the IRS is placing on Americans doing business overseas and/or living abroad.  The end result being, the wealthy will seek refuge elsewhere while average Americans continue to be crushed by the mounting debt and future higher taxes.

Now comes Paul Volcker, nearly 10 days after I brought the issue up, saying Americans should be prepared to pay higher European-style taxes to pay for Obama’s European-style healthcare and to address the deficit.   They honestly think that they can “spread out the cost of the new taxes” throughout the manufacturing process, and that CONSUMERS wont have to pay the full share.  These people actually think taxes dont get passed on to consumers!!!!!!!!!!!!!

Here’s what the shorter article said:

The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White House adviser Paul Volcker said on Tuesday.

Volcker, answering a question from the audience at a New York Historical Society event, said the value-added tax “was not as toxic an idea” as it has been in the past and also said a carbon or other energy-related tax may become necessary.

Though he acknowledged that both were still unpopular ideas, he said getting entitlement costs and the U.S. budget deficit under control may require such moves. “If at the end of the day we need to raise taxes, we should raise taxes,” he said.

The Democrats know this would be highly unpopular, but they dont care!!!!!!!!

In fact, I would contend that Obama & Dems lied about not raising taxes on everyone!   We can expect much higher taxes on EVERYONE to pay for their “nanny-state ideas” which will also end up placing many Americans in a state of dependency upon the Feds for food, sustenance, energy help and other necessities. 

Can you believe the audacity of these people?

America… wake up… elect a different breed of politicians and stop believing the lies the Statist Marxist Democrats and RINO’s want us to accept.   Our future is literally on the table now.

ADDITIONAL READING

See you on the battlefield.

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