The VAT Is Coming! The VAT Is Coming!

The VAT Is Coming! The VAT Is Coming!

Ever go to Europe and get sticker shock with the prices of just about everything? The Euro-style technique of surreptitious taxation, the VAT or Value Added Tax, is coming to America.

The VAT’s arrival won’t quite be the equivalent of Godzilla attacking New York or L.A. and isn’t quite the same as when the Russians were coming. The VAT will be much worse than a Godzilla or a bunch of Russians attacking.

We could kill Godzilla and repel the Russians; the Value Added Tax is forever, forever picking our wallets, forever gnawing away at our savings and pensions, forever expanding the welfare state and the socialization of America.

The beauty of the VAT to bureaucrats is that it’s so sinister, so sneaky, so permanent.

As prices rise exponentially on every good and service imaginable, from what your dentist or mechanic charges to what you pay for a pack of butts or set of underwear to every mortgage or rent payment, the politicians can just throw up their hands in dismay and blame your dentist, your mechanic, your retailer, your bank or landlord.

The VAT is an almost perfect system of legalized, governmental thievery and it’s coming to a government near you as surely as the sun will rise in the morning.

Former chairman of the Federal Reserve Paul Volcker and now chairman of the president’s Economic Recovery Advisory Board . . .
(Read more at http://www.genelalor.com/blog1/?p=1618)