#1 Romney Is Willing to Consider a VAT12-25-2011, 01:24 AM
Since Romney Is Willing to Consider a VAT, Should
Libertarians and Conservatives Be Willing to Consider Him?
There’s been a lot of discussion about Mitt Romney’s appeal – or lack thereof – among supporters of limited government. To put it mildly, many libertarians and conservatives are underwhelmed by his less-than-stellar record on healthcare, his weakness on Social Security reform, his anemic list of proposed budget savings, and his reprehensible support for ethanol subsidies.
Notwithstanding this dismal track record, some advocates of free markets argue that anybody would be better than Obama.
But that’s not necessarily the case. Economic history shows that the burden of government often expands the most under Republicans, with Nixon and Bush (either one) being obvious examples.
On the other hand, even a skeptic like me has admitted that Romney’s record in Massachusetts is difficult to assess because he was governor of a very left-wing state and he had to deal with a state legislature with heavy Democratic majorities.
That being said, there’s a new development that suggests Romney may be an unacceptable alternative to Obama. In an interview with the Wall Street Journal, he basically said he is willing to consider a value-added tax for the United States. >>>
For those who are not familiar with a VAT, it is a version of a national sales tax, but imposed at every stage in the production process and embedded in the price of goods and services. Perhaps more important, it is despised by everyone who wants to limit the size of government. This video explains how it works and why it is a money machine for big government. >>>
But if Romney wins and decides to push a VAT, many Republicans will say yes because of loyalty (much as many GOPers went along with Bush’s statist agenda) and many Democrats will say yes in order to get a new source of revenue to expand government.
The consequences, as explained here, would be disastrous.
P.S. For a humorous – but accurate – perspective on the VAT, take a look at these clever cartoons (here, here, and here).
15 trillion in debt and this is the Manchurian Mittwits brain storm? Not only is VAT a tax on everything you buy, it is a multiple tax on everything you buy, punishing any and all productivity.
Liberalism is just communism sold by the drink.
12-25-2011, 02:06 AM
Why is it, I see Romney being foisted upon the American voter?
Obama lite... or a heavier version of McCain...:mad:Government is not the solution to our problem, government is the problem.
We could say they are spending like drunken sailors. That would be unfair to drunken sailors, they're spending their OWN money.
12-25-2011, 11:52 AM
- Join Date
- Jun 2005
- Woodland Park, Colorado, United States
Revenue is not the problem, SPENDING is. We need to cut these unconstitutional programs immediately and get back to basics.
Last edited by AmPat; 12-25-2011 at 12:19 PM.Education without values, as useful as it is, seems rather to make man a more clever devil.
C. S. Lewis
Do not ever say that the desire to "do good" by force is a good motive. Neither power-lust nor stupidity are good motives. (Are you listening Barry)?:mad:
01-01-2012, 03:54 PM
It's rather ironic that many liberals would support a VAT because even if it isn't added directly to the bill, it still counts as a sales tax, which is rather regressive, so the poor would suffer the most. If you've ever visited a website doing business in Europe, some merchants will display it on your bill. And like all taxes, the VAT initially was targeted at large companies, but it soon applied to all businesses as well.
It also essentially creates a black market: http://en.wikipedia.org/wiki/Carousel_fraud So the hidden economic costs as well as the costs the government has to spend would outweigh any benefits of it.
01-02-2012, 07:10 PM
the vast majority of so-called "conservative" voters are going to sprint to the voting booth to vote for Mitt Romney no matter what he says or does simply because he has an R by his name and he promises to make the big bad boogyman Obama go away. It's that simple.Originally Posted by Adam Smith - Wealth of Nations
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