"for the truly skeptical, perhaps a consumption tax is the thing. This has variously been advanced as a Fair or Value-Added Tax, and it is simply a levy on all transactions, usually proposed at 20 to 23 percent, that replaces income taxes altogether. The experience of Great Britain, however, is instructive; specifically, instead of using the VAT to replace the U.K.’s income tax, as was proposed, authorities simply slapped the VAT on top of the U.K.’s already punitive rates.
Even so, a VAT necessitates that the more you spend, the more you pay. That seems straightforward enough, and it ensures the burden of funding government is carried by those most able to do so.”
From The Daily Caller
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