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We Americans should not think of the VAT as some strange tax. When GeorgeW talks about tax simplification, he leaves it unclear which group of his advisors he agrees with. One wants to keep the income tax, but make it a flat tax. The other wants to eliminate income taxes and replace with a VAT since that would encourage investment over consumption. Either way, gotta feel sorry for all those accountants whose livelihoods depend on tax complexity.
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