What will happen if they implement a VAT tax in the United States, is that it will either drive more economic activity underground, where it won't be taxed, or it will end up resulting in a decreasing in consumption on the part of consumers here, and cause even more economic stagnation. Look for stuff like videogames to go in the over $80 range, with all the taxes added at the different places value is added. To offset loss revenue by getting rid of corporate taxes, the VAT tax would be around 20%. Well, outside of maybe requirements put on employers, there really isn't much other costs associated with hiring, at least from a tax perspective, outside of unemployment and social security. Of course one could choose to get rid of social security and the other social benefits. Who needs to retire anyway. And who needs unemployment insurance. We can have people be homeless or live with family members. The rest is able to be written off the taxes.
Ok, well, where I am the train company taxes employers in the country to pay for the trains they don't use. It is a commuter tax. THAT is a burden to hiring.
In regards to the rungs, I would be interested to see anyone argue that today the economy isn't more of a casino than it has ever been.
Oh, one thing Europe does have that isn't in the United States is nationalized health care, so companies don't have to cover health costs directly. Unless one wants to think NO ONE should have health care, or somehow totally privatizing it is going to work, then you will face issues trying to have people covered by health care. Under the "Obamacare" debate, a government run health insurance play was offered as an alternative, but it got shot down from big medicine and others for the status-quo. End result is now you have mandates and so on to have to provide health care. Considering World Health Organization placed American health care slightly above Cuba, not sure the status-quo is a good thing.
Anyhow, in my case, I am currently on Medicaid. I do want to hear about this mythical mobility about. For me, the only way I see anything happening is if I hit the lottery of the free market and one of my several projects takes off. Well, unless one considers me working part-time janitor with a Masters degree progress (that being after my leg gets fixed up).
