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No. The major problems with government responses to a natural disaster are not due to a shortage of funds; they're due to bureaucratic mismanagement. When you figure out how to make a VAT that will address that problem, let me know.
And to me this is more appropriate. However, I'd ask if you are paying an appropriate share, or are you paying an excessive amount relative to your risk, therefore subsidizing those "on the beach".
I agree. Good question. I would say that there is an attempt to be fair about it. We have rivers etc. around town, so we're required to have flood insurance is based on elevation. It may not be as well planned for homeowners insurance.
Once the VAT tax is established in the US you can be assured it will grow like a disease that it is in Europe. This is not just a one time tax. It is a tax that levels an assessment tax at every step of the production of any good or service in the economy. It is also a hidden tax because the consumer doesn't have to see it as a line item on their sales receipt. It is a tax on the wholesale production brought to market and then incorporated in the price of either a good or a service. Just who is going to add up all of the VAT assessments along the way and then line item them on your sales receipt?
Eliminate the income tax and then we have something to consider as an alternative to the income tax, but adding VAT upon an already overtaxed nation, is inviting even more industry to leave this country for nations that really support industry rather than drive them away with high wages, more and more gov't regulations, unions entitlements, and greedy concepts like VAT legislation.
Hmmmmm that's a difficult question.....Do I want ANOTHER tax on top of the income tax, property & school tax, sales tax, and a multitude of other taxes that bombard me on a daily basis????.............mmmmmmmmm, I think I'll pass.
Instead of adding more tax, why don't our dumba$$ government & president CUT SPENDING!!!!
I voted no. As far as I'm concerned we pay enough taxes as a percentage of income already. Rather than add something else, we need to clean up our current expenditures and reallocate some of the existing tax money to pay for something like a disaster fund.
We don't need new taxes, even if they are dressed up like something else to make them look prettier.
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