Time for the U.S. to Join the Value-Added Tax Bandwagon
OPS_admin | Mar 11, 2010 | Comments 0
The value-added tax allows nations to build revenue through taxation, and thus guarantees their financial stability, but it builds revenue on foreigners as well as domestic residents. In the U.S. we tax our own citizens and then ask foreign countries to loan us the difference.
The value-added tax, or VAT, is the most widespread and successful taxation scheme in use around the world today. More than 140 nations utilize the value-added tax system as a means of building government revenue.
Unfortunately, the VAT also acts as a means of unofficially blockading imported goods. The value-added tax is plugged on to every good and service inside the economy. In so doing it makes domestic alternatives more fiscally or economically responsible as consumer items.
Every time a nation joins the World Trade Organization, or signs into a new free trade agreement, it almost always replaces the now illegal “import tariffs” with a completely legal national consumption tax – almost always in the form of a VAT. The new national consumption tax acts just like a tariff, but it does so within the legal confines of the WTO and other international accords.
Full Story: Time for the U.S. to Join the Value-Added Tax Bandwagon | Economy In Crisis.
Filed Under: Economy - Labor
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
