This post is from a libertarian perspective. It coincides with what I have been thinking about recently. Bernie Sanders wants for America to be more like Europe. My understanding, though, is that many countries of Europe finance their welfare state through a Value Added Tax, while keeping corporate taxes low. Sanders, however, often proposes to pay for the programs that he wants by taxing the rich. Can that even raise enough money, though?
In early 2013, a reader asked me the best place to go if America suffered a Greek-style economic collapse.
I suggested Australia might be the best option, even if I would be too stubborn to take my own advice.
Perhaps because of an irrational form of patriotism, I’m fairly certain that I will always live in the United States and I will be fighting to preserve (or restore) liberty until my last breath.
But while I intend to stay in America, there is one thing that would make me very pessimistic about my country’s future.
Simply stated, if politicians ever manage to impose a value-added tax on the United States, the statists will have won a giant victory and it will be much harder to restrain big government.
But you don’t have to believe me. Folks on the left openly admit that a VAT is necessary to…
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