PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: JDN who wrote (694100)	8/11/2005 1:02:02 AM
From: DavesM	Read Replies (1) of 769667

I don't see why we should emulate Western Europe's tax structure. Why copy a tax system developed by the French? The French have had the VAT since the 50's. Are they considered an example of Economic success that others should imitate? Is their unemployment lower than the USA? Is their GDP growth higher than the USA? Is the median household income higher in France than the USA? Is per capita GDP greater in France than the USA? Is their budget deficit all that much smaller a percentage of GDP than the USA? And from what I've read about the VAT, it is no simpler than our income tax system. In fact, from what I could tell, the VAT is very similar to the Stamp Act (that the British) imposed on the American Colonies - sparking the Revolutionary War! Wouldn't a VAT would encourage consumers to purchase manufactured goods from cheap labor countries over American manufactured goods? p.s. It's not as though the EU (with their historic protectionism and labor laws) has been all that much more successful with their trade deficit with China than the U.S.

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