A One-Percent VAT is inconsequential, say Democrats

Wait till you see what Obama, Reid, Pelosi and Durbin have planned for you!

Value Added Tax (VAT) is a form of consumption tax. It is a tax on the estimated market value added to a product or material at each stage of its manufacture or distribution, ultimately passed on to the consumer. It differs from a sales tax, which is levied only at the point of purchase.

If you are starting to wonder what the real costs of Obama’s socialism are going to be once the full VAT program is passed in the United States, take a look at the table below

As you absorb these mind-boggling figures, keep in mind that in spite of these astronomical tax rates, these countries are still not financing their social welfare programs exclusively from tax revenues and are deeply mired in public debt of gargantuan proportions.

Greece has reached the point where its debt is so huge it was in imminent danger of defaulting. That is the reason the European economic community intervened to bail them out.  If you’re following the financial news, you know Spain and Portugal are right behind Greece.

The United States is now heading down the same path. The VAT tax in the table is the national sales tax that Europeans pay.  Stay tuned because that is exactly what you can expect to see the administration proposing after the fall elections.

The initial percentage (VAT) in the United States isn’t going to be anywhere near the outrageous numbers you now see in Europe. Guess what, the current outrageous numbers in Europe didn’t start out as outrageous either. They began right around the 1% or 2% where they will start out in the United States. Magically however, they ran up over the years to where they are now.  Expect the same thing here.

It’s time to rethink the concept of the “American Dream”. The idea that with hard work

and perseverance anybody can get ahead economically in America .  Do you think that can ever happen with tax rates between 60% and 80%? With the government taking that percentage of your money, your life will be exactly like life in Europe. There is the working class – much poorer than our middle class and then there are the elites. The battle cry of the European Liberals was, “Equalize income. Spread the wealth to the poor.  Level the economic playing field. Accomplish that and everything will be fine.”

Sound familiar?

It’s time to take a really hard look at reality. Greece is a perfect example.

Despite the socialistic system that has ruled it for decades, with a 65% tax rate they are

drowning in public debt and would have defaulted without hundreds of billions in bailout money, and still, 20% of their population lives in poverty. What has all that socialistic money bought, besides ultimate power for the politicians running the show?  Do you think these people are “free”?

They’re not. They are slaves to their economic “system.” We are at a tipping point in America.  We all know it.  Economic slavery is slavery.

Remember: 47% of our population does not pay taxes. But they do expect their entitlements. Think of all those poor illegal’s who need their welfare benefits.

Vote Republican in November!