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To: robert b furman who wrote (36970)8/27/2012 9:26:43 AM
From: jjs_ynot1 Recommendation  Read Replies (1) | Respond to of 219671
 
But the downside of a VAT can be painful in the short term.

Canada instituted a VAT and it produced the worst recession that they ever experienced since the great depression.

A VAT is extremely regressive and extremely effective in removing capital from the economy.