The latest spending passed into law in the US, that is estimated by the current administration to guarantee health insurance availability to all because an estimated 15% of the population was uninsured because they either didn't want insurance or were not able to obtain insurance.
The CBO has declared recently that the US debt is unsustainable.
LINK:
CBO chief says debt 'unsustainable' - Jonathan Allen - POLITICO.com
Many states are bankrupt and have huge budget deficits.
Some are not meeting budget deadlines because the inability to close the hole of state debt.
Many government programs and entities are or are close to bankruptcy.
Social Security is officially broke.
With only an estimated 47% of the US population paying federal income taxes,
LINK:
Nearly half of US households escape fed income tax - Yahoo! Finance
Do you think a VAT (Value Added Tax) is coming for the US on top of existing local taxes?
LINK:
President's panel may consider value-added tax - The Oval: Tracking the Obama presidency
As it is clear that government spending isn't being cut, what other alternatives are out there?
Are board members here of countries with VAT happy with it and feel it is fair to all citizens?
With all this good news coming in for the U.S.A., what are your feeling on a VAT Tax in addition to your current state taxes? Is this fair and would it work in the U.S.A.? Is it a good or bad idea? Why? If so when is a good time to start?