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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (130249)	2/5/2010 3:20:20 PM
From: Bridge Player	Respond to of 543010

As the Heritage Foundation explained when the issue of a VAT came up in the 1980s, there are four fundamental arguments against it: “The four main arguments against a VAT are: 1) it is inflationary, because it leads to a jump in the price level when introduced 2) it is regressive, falling more heavily on those with lower incomes who consume a higher percentage of their income; 3) it is administratively complex and expensive to collect; and 4) it is a hidden tax and thus is easily increased once established.” businessandmedia.org