March 24, 2010
The Doctor Is In
Dr. Krauthammer spots the other 800 lb gorilla in the, er, examination room:
But then I think there is a larger issue here. I think ultimately Obama understands that he has just added an unbelievably large entitlement onto a country drowning in debt. He is not stupid. I think he anticipated this, and I think he, from the beginning, had a plan.And the plan is he is going to use the deficit reduction commission, which will report only after November — and I'm absolutely sure it will recommend something new in American history, a national sales tax which is called a VAT [value-added tax] in Europe.
All the Europeans who have the kind of entitlements America is now going to have — health care and all the others — need the VAT, because it's a gusher of income for the government. And once you have that — even the very small level of one percent or two of a national sales tax — that's how the liberals think they will be able to fund this new, very expanded entitlement state.
It's the way it's done in Europe. It's going to have to be done here. And that, I think, is going to be the argument in the presidential election of 2012.
I think that's exactly right.
And that's not a VAT instead of an income tax, sports fans, but in addition.
Posted by Robert at March 24, 2010 07:05 AM | TrackBack