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Politics : A US National Health Care System?
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To: Peter Dierks who wrote (10264)10/8/2009 3:37:46 PM
From: Lane31 Recommendation  Read Replies (4) of 42652
 
A VAT with income tax repealed would actually put the burden on spenders.

It would also put a burden, and unfair one IMO, on the young elderly. Those of us who paid income taxes all our lives while we accumulated enough money to live on in old age--earning more than we spent--would find ourselves paying again on the money when we used it to support ourselves--spending more than we earned. That's double taxation--.

I appreciate the benefit of a sales tax in principle. If I were building a country from scratch I might well prefer a sales tax over an income tax. But we're not starting from scratch and the transition would be the worst of both worlds for people who were right at retirement age. Until and unless someone comes up with a way to transition fairly, I'm opposed to the shift.
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