|Money, money, money, it's a rich man's world...|
|Massive Spending Cuts or Value Added Taxes - probably both in near future.|
If you're thinking that a Value Added Tax is equivalent to just another Sales Tax, then you're an idiot. Value Added Taxes are added to every step in the process from the production of raw materials to the retail transactions in the store. Consequently, they are a leading cause of inflation - in most western nations - which unduly harms those least capable of absorbing such egregious social effects. It amounts to a tax upon the poorest among us, since consumption bears no relative correlation to personal and accumulated wealth. The richest Americans will simply curtail their purchases commensurately, and the poorest among us will still need the very same necessities in life.