Monday, March 29, 2010

VAT You Say? A VAT of Trouble That Makes ObamaCare Chump Change - "That" You Can Believe In

Andy Stern is driving the bus to a National Value Added Taxe (VAT). Andy Stern of SEIU is President Obama's navigator - on the Campaign Trail, on MSNBC, in the ObamaCare boondoggle and on the Commission on Fiscal Responsibility and Reform. Really? You bet your life . . .your kids and grand kids as well.

Andy Stern did more to bankrupt California and soon Illinois than any one man.

Andy Stern will do that to America and President Obama is just fine with that too. President Obama is fine with this strategy because it is all about power - control of wages, jobs and everything else that follows.

The VAT is the heart of the snake.

At the start of March Madness, President Obama named Andy Stern to his VAT moving commission - there are some toothless Republicans on the commission as well - like Alan Simpson, but make no mistake Andy Stern is driving this VAT bus.

Fortune magazine warned us about the VAT -

It's not an option Americans understand, or ever hear debated much. In fact, most folks probably never heard of it. And if they had, they probably wouldn't want it, since it's the bulwark of an economic system alien to the American model -- the social democratic economies of Europe.

But the sheer scale of the expected numbers makes it practically inevitable that the U.S. will soon adopt a big VAT. It's the only vehicle capable of raising the money to cover the gigantic projected increases in spending and deficits.

Briefly, a VAT resembles a sales tax passed in the end onto the consumer at the register. But the government collects most of the money during the stages of a product's manufacture. Since manufacturers are writing the checks, it's an extremely efficient, virtually fraud-free way to collect money.

But it's never gotten much support in the U.S. for two reasons. First, it's a regressive tax: Low-earning families pay a bigger portion of their incomes than the wealthy. And second, the VAT -- first introduced by a French civil servant in 1954 -- has fueled the rapid growth of government in France, Germany, and even Japan. In fact, no other country spends the kind of money we're planning to spend without a VAT. The numbers tell the story.

Numbers, control and political will by the radical Democratic Central Committee are what it is all about. Jobs? Not gonna happen.

Repeal? Not gonna happen either.

The only thing that can stop Andy Stern's VAT Bus is awareness. People will vote and cat upon what they are aware of - example Chicago's media decided to 'pay no attention' to Lt. Governor Democratic Candidate Scott Lee Cohen. Likewise Chicago's Corporate Media went skittish on inquiry concern SEIU's part in the Blagojevich Fire Sale of Senate Seats. SEIU calls the tune and Corporate Media jigs heartily!

The Corporate Media ( MSNBC, CNN, CBS, NBC, New York Times, Washington Post & etc.) are on Andy Stern's VAT Bus - it so European.

However, Charles Krauthammer, the dignified medical professional psychiatrist, and political analyst, has been far ahead of the curve in warning about this danger to our country.

Obama knows that the debt bomb is looming, that Moody's is warning that the Treasury's AAA rating is in jeopardy, that we are headed for a run on the dollar and/or hyperinflation if nothing is done.

Hence his deficit reduction commission. It will report (surprise!) after the November elections.

What will it recommend? What can it recommend? Sure, Social Security can be trimmed by raising the retirement age, introducing means testing and changing the indexing formula from wage growth to price inflation.

But this won't be nearly enough. As Obama has repeatedly insisted, the real money is in health care costs -- which are now locked in place by the new Obama care mandates.

That's where the value-added tax comes in. For the politician, it has the virtue of expediency: People are used to sales taxes, and this one produces a river of revenue. Every 1 percent of VAT would yield up to $1 trillion a decade (depending on what you exclude -- if you exempt food, for example, the yield would be more like $900 billion).

You can not depend on the Corporate Media - the Cheerleaders for Doom.

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