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Politics : The Trump Presidency
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To: Steve Lokness who wrote (65046)4/6/2018 3:14:08 PM
From: TimF  Read Replies (1) of 361959
 
The countries your talking a bout generally have VATs, not just higher top income tax rates. That wouldn't just be raising the rate, it would be a whole new tax. And a tax that makes many of their overall central national tax systems less progressive than the system in the US.

Also even with a VAT, many of the other countries also can't afford their own social programs and entitlements, either already, or going forward assuming they don't reform them to reign in the costs.
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