I like what Mitch Daniels is doing in Indiana -Fiscal fixer with theĀ social conservative agenda not being that important. So far so good, right?
Alas, he likes the VAT Tax – a type of consumption tax.
In general, consumption tasks are a good thing (only non-savings, non-investment gets taxed).
A VAT though is a hidden tax. It is a little tax at each stage of the production and delivery of a good or service. The tax burden is hidden from the view of voting citizens.Ā A tax system based on hidden taxes can be manipulatedĀ by the elites and the “connected” for their own benefit and to reward their supports.
Implementing a Hidden Tax System goes against the principles of what I hope the next USA will become.
I will not support a VAT or anybody who does.
Even if they ride a Harley.
Filed under: Election 2012, Public Policy | Tagged: Accounting, Indiana, Mitch Daniels, Republican, Tax, Taxation, United States, Value added tax | 5 Comments »
