[deMolay]

Don't eat the Road Apple being hyped that a VAT will solve your problems. In Canada they brought in a VAT or "GST" and instead of paying off the massive debt load of Government. They just rolled it into General Revenues and continued spending. http://www.financialpost.com/news-secto ... id=2380752

[crude_intentions]

Don't worry they'll pacify the masses with this load of rubbish

What would it cost? Emanuel argues in his book that a 10 percent VAT would pay for every American not entitled to Medicare or Medicaid to enroll in a health plan with no deductibles and minimal copayments. In his 2008 book, "100 Million Unnecessary Returns," Yale law professor Michael J. Graetz estimates that a VAT of 10 to 14 percent would raise enough money to exempt families earning less than $100,000 -- about 90 percent of households -- from the income tax and would lower rates for everyone else.

And in a paper published last month in the Virginia Tax Review, Burman suggests that a 25 percent VAT could do it all: Pay for health-care reform, balance the federal budget and exempt millions of families from the income tax while slashing the top rate to 25 percent. A gallon of milk would jump from $3.69 to $4.61, and a $5,000 bathroom renovation would suddenly cost $6,250, but the nation's debt would stabilize and everybody could see a doctor.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/26/AR2009052602909.html

Goverment know's no discipline the more they get the more they overspend