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>>> charge a VAT on all goods and services sold in the US
The trouble with a VAT tax is that it is a flat tax: everyone pays the same percentage. It is only fair that the rich, and rich corporations—those better abled to pay—should pay a higher percentage than the poor or less well-off.
In England, the VAT is 20%, and everyone just accepts it. I would prefer to tax the wealthy 78%, as we once did. That makes it a dis-incentive for companies to pay multi-million dollar bonuses. That makes for a fairer, more equal society overall.
Don't like that? We are fast approaching the untenable conditions that brought on the French Revolution. Be careful in granting unlimited wealth and power to just a few.
redraider11 said:Oh government, they can't produce anything of their own so they use threat of force to steal money from people and corporations.
I'm glad the Europeans have the guts to stand up to these corporations. It seems the US lawmakers and regulators are owned by them.
Simply crazy that Ireland does not want to collect the $14.5 billion Apple owes.