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The Value Added Tax: A Hidden New Tax to Finance Much Bigger Government

This Center for Freedom and Prosperity Foundation video explains why a value-added tax would be a dangerous money machine for big government. The evidence from Europe also shows that VATs actually lead to higher income taxes. www.freedomandprosperity.org

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Tags for this video: Tax competition oecd obama taxes value added vat cf & p cfp Mitchell quinlan freedom prosperity center myths fact

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@MigDanskeren Don`t ... ( 1 year ago by claudialepo)

@MigDanskeren Don`t worry, Hungary reached you! 25%

Don`t worry, ... ( 1 year ago by claudialepo)

Don`t worry, Hungary reached you! 25%

A Value Added Tax ... ( 1 year ago by FRSFreeStateES)

A Value Added Tax on top of an Income Tax would just be another Tax Hike that would hit the Middle Class hard.

There is no end to ... ( 1 year ago by MrArdata)

There is no end to the many layers of taxation. They will need to do this to pay for their bloated entitlement programs. They will get more heavy handed with the people by forcing them to comply. Even if all of the American people were to wake up to this extortion and theft, they would still continue to raise taxes until the house of cards collapses. The American people are most certainly a docile "screw me real good will ya" lot of sheep!

bn d; ... ( 1 year ago by rwjize)

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@MrArdata man when ... ( 1 year ago by iooo007)

@MrArdata man when i hear you americans with that goverment programs ,you must mean war spending ,you think laughin at other countries for how good the american army is doesn't come with a cost? US would shatter EU in a war even though EU has a larger economy why EU spends 1,5% of gdp on military US 4,5% at least some say it's even 6% with the hidden cost of war support ,that's why you guys get vat is not for railway not for clean energy not for research WAR 3-4,5% means a level of 5-8% VAT TAX

You should listen ... ( 11 months ago by Pakkwondo)

You should listen to this man, he wears a white suit

Taxes will destroy ... ( 11 months ago by MrBenotdismayed)

Taxes will destroy the freedoms we enjoy.......

i want to kill ... ( 10 months ago by dvarblo)

i want to kill everyone

Do you notice there ... ( 6 months ago by alcraig)

Do you notice there is no mention of how much tax corporations pay. In the US there is a disproportionate tax burden placed on income tax payers. For example In 2009 and 2010, Exxon Mobile paid only $39 million on its $9.9 billion profit - an effective tax rate of only 0.4%. Although everyone hates taxes the benefit of a consumption tax is it captures everyone including the corporates. This guy is definitely not looking after YOUR wellbeing.

@alcraig Cato wants ... ( 6 months ago by friday0408)

@alcraig Cato wants a consumuption based tax, but they want it instead of an income tax. This is not changing the income tax, or closing loopholes in it, it is merely a new tax on top of the old ones.

What an eccentric ... ( 6 months ago by raystinsky)

What an eccentric performance!

@alcraig And if the ... ( 6 months ago by raystinsky)

@alcraig And if the corporation directly paid taxes, do you imagine the money they pay employees (for instance) would remain the same? I suppose you believe employers are bound to accept lower profit margins. In the late 1920s and 1930s, wage rates were fixed and in many cases kept above the profitable level. It worked out great.

@raystinsky Sorry I ... ( 6 months ago by alcraig)

@raystinsky Sorry I think your counter argument is poor. I thought the trickle down effect had been discredited long ago. Corporations are supposed to pay tax like every other company otherwise they are receiving special treatment which enables them to eliminate competition. Competition is what keeps companies honest. Giving special deals to Corporations while other business have to pay 35% company tax surely encourages corruption, gives them an unfair advantage and is anti-competitive.

@alcraig I agree ... ( 6 months ago by raystinsky)

@alcraig I agree that special treatment is wrong. I don't argue for special treatment, I argue for non-intervention. Favoritism is a form of interventionism.

@raystinsky In 1890 ... ( 6 months ago by alcraig)

@raystinsky In 1890, Congress enacted the Sherman Antitrust Act, a law designed to restore competition and free enterprise by breaking up monopolies. This was deened necessary because the consolidation of U.S. industry into increasingly powerful corporations spurred government intervention to protect small businesses and consumers. I am presuming you are not one of the 195000 people from Florida who have lost their jobs in the latest devastating oil spill.

@raystinsky I ... ( 6 months ago by alcraig)

@raystinsky I realise this but the point I am trying to make is that corporations will fight tooth and nail to prevent the introduction of a consumption tax primarily because at the moment the are paying none. Their tax evasion puts an increased and unfair burden on income tax payers. A tax structure that lowers the income tax rate in preference to a consumption tax is a lot fairer and less complicated. Not that this will ever happen as the powerfull are benefiting most from the current system.

@alcraig Looking ... ( 6 months ago by raystinsky)

@alcraig Looking beyond bill titles is the first step to understanding the nature of the State. The government supports and even participates in cartels. The government is notorious for failing to protect property rights. mises.org/daily/331
Are you arguing that taxes will prevent oil spills, or are you just attempting to use the spectre of victimhood to diminish sound economic principles.

@alcraig I really ... ( 6 months ago by raystinsky)

@alcraig I really like that you used an "s" in "realise". I think it's a superior way to spell it.
The breaks are built in because we have an interventionist government. If we went free market (which, admittedly companies often don't really want) taxes would become far simpler. Yes, businesses themselves are a large part of the tax problem through their own avarice and willingness to manipulate government power. If you're saying that we certainly agree there.

@ajpmathwiz You sir ... ( 5 months ago by asleeperj)

@ajpmathwiz You sir are some what correct. Europe's problem is that they have too high a tax rate on consumers. They have no true investment and savings, too much spending on social programs, too much spending helping America with it's unjustified wars; they have, a central bank in each country that prints money, and a slew of other problems. I believe in a consumer side tax, if it is the only tax, is the best way to go, but not in addition to other taxes.

This video is a ... ( 4 months ago by CasualSoul)

This video is a little ridiculous; just because VAT's have been used in countries that are even less fiscally responsible than the US doesn't mean that there's something wrong with the tax itself. Canada has a VAT (the GST) and we're one of the most fiscally healthy countries in the world. The speaker is correct though in that a VAT should be used to replace income taxing, which is a very inefficient system. A VAT is also the only way to tax the underground economy and the tax evaders.

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VATs without income ... ( 1 week ago by Greendogo)

VATs without income tax or any of the other tax collection schemes would be great. Adding them to the existing tax code is not the correct solution! Great video!