Is the VAT coming?

[Richard Warren]

Interesting article by Charles Krauthammer in the Washington Post today. His theory is that a Value Added Tax is the ultimate goal of the Obama administration. It may be the only way to generate the massive amounts of revenue needed to pay for all government obligations. I don’t mind the idea of a consumption based tax instead of an income tax. Unfortunately it would probably be in addition to.

Check it out:
http://www.washingtonpost.com/wp-dyn/content/article/2010/03/25/AR2010032502406.html?hpid=opinionsbox1

:cool: