Up or down vote
Talk about a false choice...
if we could cut 1 trill. in a year, why would we need a vat tax?
but future spending "cuts" never appeared.
Since 100% of government expenditures are borrowed, VAT or not VAT, 100% is borrowed (taxes go to pay old bonds), every PENNY of government expenditure "crowds out" private credit in the credit market, thereby reducing future productivity gains for the economy.
Future productivity gains, of course, are the primary driver of general prosperity.
In other words, government spending reduces future prosperity of the nation.
So, what would a 5% VAT do? No no no.
Fudge a Vat Tax
*&^ Constitution --- Constitutional Rationality
They will have re-spent that trillion, added a couple of more and increased the VAT to 10% or more. So no!
The cuts never come...the cuts never come!!!!!!!!!!!!!!!! (and the taxes never go)
Was this part of the plan all along? Intentionally run this country into the ground so you could make deals that you knew you couldn't get before, all the while enjoying the ride that destroying the country afforded to your bank accounts?
Would you cut a trillion out or risk civil war?
Patriot Cell #345,168
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Those who make peaceful revolution impossible will make violent revolution, inevitable.
I'm afraid the trillion won't be cut for sure, and the civil war is very likely. Just a matter of
Tick tick tick tick tick ...
Not that call for the latter of course... civil wars are the nastiest. Hopefully, we may be able to wake the sheeple up before too late. Let's keep the faith!
"Cyril" pronounced "see real". I code stuff.
"To study and not think is a waste. To think and not study is dangerous." -- Confucius