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<blockquote data-quote="wkmac" data-source="post: 719730" data-attributes="member: 2189">Re: ObamanomicsIn March 1972&#039;, economist Murray Rothbard wrote an article entitled, <a href="http://mises.org/daily/4296" target="_blank">&quot;The VAT is not the Answer.&quot;</a>&nbsp;In Oct. 1972&#039; Time Magazine did a story entitled, <a href="http://www.time.com/time/magazine/article/0,9171,906475,00.html" target="_blank">&quot;Issues: Nixon&#039;s Second-Term Plans&quot;</a> where there was speculation that Nixon might use the VAT in his economic policy which we now know he did not. Although this was a republican idea if you will at the time, I clearly remember the VAT being a topic of conversation in that late 1970&#039;s thanks to one James Earl Carter who himself a democrat. (No VAT here either) Now it seems the VAT is rumbling again at the expense of one President Obama but yet again I would contend this type tax just like the 70&#039;s has a bi-partisan appeal. On the republican side is one Paul Ryan and what he calls his <a href="http://www.theatlantic.com/business/archive/2010/03/how-paul-ryan-would-transform-the-us-tax-system/37420/" target="_blank">&quot;Business Consuption Tax&quot;</a> which is a VAT in a mask. One provided this time by republicans.&nbsp;When it comes to gov&#039;t and the 2 political parties, very little difference is there once you start digging just a little bit and this goes for new and inventive ideas too. Most everything is just a rehash from something old but re-packaged just to fool the &quot;I&#039;m not looking so don&#039;t bother me&quot; masses!</blockquote>

[QUOTE="wkmac, post: 719730, member: 2189"] [b]Re: Obamanomics[/b] In March 1972', economist Murray Rothbard wrote an article entitled, [URL="http://mises.org/daily/4296"][COLOR=red]"The VAT is not the Answer."[/COLOR][/URL] In Oct. 1972' Time Magazine did a story entitled, [URL="http://www.time.com/time/magazine/article/0,9171,906475,00.html"][COLOR=red]"Issues: Nixon's Second-Term Plans"[/COLOR][/URL] where there was speculation that Nixon might use the VAT in his economic policy which we now know he did not. Although this was a republican idea if you will at the time, I clearly remember the VAT being a topic of conversation in that late 1970's thanks to one James Earl Carter who himself a democrat. (No VAT here either) Now it seems the VAT is rumbling again at the expense of one President Obama but yet again I would contend this type tax just like the 70's has a bi-partisan appeal. On the republican side is one Paul Ryan and what he calls his [URL="http://www.theatlantic.com/business/archive/2010/03/how-paul-ryan-would-transform-the-us-tax-system/37420/"][COLOR=red]"Business Consuption Tax"[/COLOR][/URL] which is a VAT in a mask. One provided this time by republicans. When it comes to gov't and the 2 political parties, very little difference is there once you start digging just a little bit and this goes for new and inventive ideas too. Most everything is just a rehash from something old but re-packaged just to fool the "I'm not looking so don't bother me" masses! [/QUOTE]

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