European governments have typically seen VAT hikes as an easy way to raise revenues [taxes] during a recession. In some countries, government spending is more than 50% of national income. The results have been fiscal stability, but lackluster growth and a dearth of dynamism and entrepreneurship.Did you get your marching orders from Il Douche yet?
Given the budget numbers, the United States has already chosen a path of far bigger government. The trap has been set. It's unlikely America can escape without a VAT.
Friday, March 05, 2010
Your taxes will go up: the trap has sprung
The neo-fascist lie appears:
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