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Sunday, October 16, 2011

National Sales Tax, or VAT, Would Stunt Consumer Spending, Slow Recovery

National Sales Tax Would Stunt Consumer Spending, Slow Recovery

1 comment:

Anonymous said...

The Retail Industry Leaders Association doesn't give a crap that Americans are drowning in debt, have no savings, spending hard-earned money on Chinese garbage, and boosting China's economy, and not ours.

The Chinese garbage lasts about a year, forcing people to go out and replace it, which is just peachy with the RILA.

I hate to think what would happen to consumer spending if companies actually made a product that lasts more than a year or does not have to be repaired frequently.

The RILA is wedded to the "Broken Window Fallacy."

The RILA could care less how consumers get their money, where it came from, or whether they are spending it wisely, like on food instead of cheap electronics, because their mission in life is to separate people from it.

The RILA mirrors what liberals say in regards to entitlements, that anything that cuts spending will lead to Armageddon.

Americans need to do more with less - not less with more.

Now, if I were in charge, I would give a sales tax break to people who buy American-made products, if there was a way to determine what "American-made" means, however.

I would rather buy a product built here by a foreign company than a product built by an American company overseas.

I would not tax essential items but I'm also sure there are lots of people who think that an IPhone 4S is one of them.

Self-serving solutions are not solutions at all.