"A VAT would rapidly increase costs across the entire spectrum of wage earners, but the middle class would get particularly hard. Usually, a VAT gets accompanied by some sort of subsidies for low-income families, and wealthy families won’t have it hit their disposable income as hard. The middle class will end up carrying the burden of a VAT, the very antithesis of Obama’s promise in 2008."
Much has been made in the past few weeks about new taxes, especially the buzz around the VAT. All of the tax talk, while it has been a constant noise in the background, has gained tremendous momentum since the passage of the Obamacare monstrosity in Congress. (Let this be evidence of the lie of deficit-neutrality in the Democrat "Health" care disaster.) But, as much as politicians may think otherwise, out-of-control spending will always be followed by taxes. And let's face it, the Democrats are run by a bunch of fiscal incompetents who believe in the lofty promises of Marxism and the regressive delusions of Keynesian economics, and these incestuous philosophies are literally founded upon the redistribution of wealth through government.
Obama, being a calculating and cynical Alinskyite-Leftist, knew that he had to sell himself as a caring centrist during the election. This naturally led to his numerous promises of "no new taxes" on the middle class. Unfortunately, for anyone who even studied the past four years of his political career, his tax promises had no bearing on the reality of the policies and programs he supported. Therefore, we are now all faced with the fact that yet another Obama promise has proven to be a lie, and we all face a future economic collapse caused by more spending, more debt, and more taxes exacerbated by government corruption. The next step will be massive inflation, and you can likely say goodbye to hopes of economic prosperity in your lifetime.
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