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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (98007)5/28/2009 7:37:06 AM
From: see clearly now1 Recommendation  Read Replies (4) of 116555
 
Mish,
...with exceptions the US is not the world's 'policeman'...more like an Imperial Raider to ensure its continued fix of hydrocarbons!
The majority of the world would be a much happier place if if it was merely a Police intervention force by invitation!

...the Value Added Tax I know of does not include Milk or other food or children's clothing and school supplies..and in business accounting the value added Tax along the chain is not accumulative but netted out!

..its a very good form of Tax because it encourages frugality, saving and collection.. saves on professional Tax dodging fees and schemes including the inherent regulatory, policing and legal-judicial costs that are value-subtracting to an economy

...and very important as you mentioned, is it allows the reduction of other individual and corporate taxes that might discourage innovation and hard work!
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