Re: American VAT?
- From: "Alex W." <ingilt@xxxxxxxxxxx>
- Date: Wed, 7 Apr 2010 12:59:10 +0100
On Wed, 7 Apr 2010 04:13:19 -0700 (PDT), CigarBaron wrote:
On Apr 6, 8:47 pm, Ken Dixon <nsvmi...@xxxxxxxxxxxxx> wrote:
Taxes likely to rise eventually to tame deficit
* Reuters, Tuesday April 6 2010
Taxes will rise anyway given the new health care policy: via goods
and services, which will go up as small businesses will need to
provide health insurance. This will be a boondoggle and a democratic
dream for increased taxes and spending. Get ready for the bumpy
ride. And no, we don't need no further stinking taxes.
Taxes will have to rise anyway.
All that changes is the favourite scapegoat.
I hear a lot of screaming about the cost of the healthcare
reform. What tends to drown in all that noise is the rise in
cost *without* any reform: from 16% of GDP in 2007 to 19.5% 9in
2017 to 25% in 2025. Last year, the figure stood at 17.3%
that's 17 dollars and 30 cents out of every $100 of the market
value of all final goods and services made within the borders of
the US! In short, the boondoggle gravy train has been up and
rolling for a long time now, and the people, for all their
grumbling, must have been happy to tolerate this enormous burden
on their finances and productivity because any attempt to do
something about it was shot down quicker than a tribe of uppity
Indians. In the light of this past performance, it is hard to
see how things could actually be made any worse by any reform and
so I would suggest that people stop bewailing the end of the
world and see what happens.
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