Comments: To Tax Or Not To Tax

They are pushing a VAT because the baby-boomers are retiring.

When they retire, the majority will not be paying as much income tax as they had before.

By moving to a VAT, they can tax the boomers twice.

Posted by Kristopher Barrett at March 7, 2005 03:12 PM

I wouldn't support any switch to a consuption tax unless a repeal of the 16th Amendment (I think that's the one) came with it. Otherwise, sooner or later, you're going to get both income and consumption tax.

Posted by Heartless Libertarian at March 9, 2005 06:48 AM
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