Support VAT tax?

Discussion in 'Politics' started by Mr.Fitnah, Oct 8, 2009.

?

Vat tax

  1. Yes

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  1. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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    Here is a video that describes what it is, if you are confused or not.
    [ame=http://www.youtube.com/watch?v=Kvyub5XP03I&feature=player_profilepage]YouTube - The Vat Tax is coming[/ame]
     
  2. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Sure, if they eliminate the income tax.
     
  3. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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    Agreed
     
  4. Polk
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    Polk Classic

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    Opposed. It's just a backdoor for the rich to shirk even more of the tax burden on to everyone else.
     
  5. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    That will, in effect, raise taxes on all consumers hitting the poor the hardest and the middle class pretty hard too.

    Adding a tax each time value is added to a product is going to make many products way more expensive.

    For example. You have the ingredients to make a loaf of bread and you mix them together, adding value to the product and then its taxed. You bake the bread making it edible, you added value again. Now you slice it to make it more convinient, value added. Packaging it to make it stay fresh longer, adding value.

    OUCH

    I know I oversimplified there but that is, in effect, VAT taxes.

    Unless I missed something, TORO?
     
  6. Screaming Eagle
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    Screaming Eagle Active Member

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    Wouldn't such a tax be a terrible burden for domestic manufacturing and place foreign countries at an even greater advantage over us? Why would we want to do that? It's almost like the Democrats are wanting to outsource all our jobs.
     
  7. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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    sdfdgf
     
  8. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    No, that's only a tax on business, not consumers, just ask Ms Pelosi (she's the one that has no concept of how real economics actually work).
     
  9. Screaming Eagle
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    Screaming Eagle Active Member

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    I'm unfamiliar with that saying.
     
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  10. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    Actually, the tax burden would be passed onto the consumer, which would raise the price of domestic products. You are right though, it would cause job loss domestically. Sometimes I think they want the US to be lowered to 3rd world status, not 3rd world countries raised to US standard of living.
     
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