Quote:
Originally Posted by Sangetsu
There will be no VAT, it will be a career-ending move for any politician who supports it. We all can see how well the current VAT system in Europe is working, their current national debts vs GDP are worse than those we face in America. Greece is a primary example, VAT has done nothing to reduce debts, it has only encouraged governments to spend more.
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there is no correlation between high VAT-rates and high national debt among developed countries. many EU-countries with rates above 20 % has lower national debt then for instance the US. the most striking empirical evidence for a non-correlation is of course Japan, with one the lowest VAT-rate together with the highest national debt among developed countries. at the other side of the spectrum we have the nordic countries with high VAT-rates and fairly low national debts.