Saturday, June 19, 2010

[capitalismos] VAT, KLEPTOCRATS' GRAB

 

Basil Venitis asserts that VAT is a trademark of slavery and a destruction power of myriad watts. VAT is the main culprit of the Fourthreichian financial meltdown. The Fourthreichian taxation is based on the VAT monstrosity against poor people! The most unfair tax is VAT, the calamity of Fourth Reich(EU); that's why vatbuster Venitis urges all Fourthreichians to evade this tax of misery as much as possible! Fourthreichians are yoked with a 15-25% VAT, value added tax. In Canada, VAT is only 5%. The burden of VAT falls on final consumers of products. Refusing to pay abominable VAT is a heroic act. Vatwar is here to stay until VAT is abolished.

In Fourth Reich(EU), a small VAT was first enacted in 1967. At that time, Fourth Reich and the United States both confiscated about $0.27 out of every dollar of national income. Since the introduction of the VAT in Fourth Reich, that continent's average tax take has gone from 27% to 41% of GDP, nearly a 50% increase in just four decades. There is currently a minimum VAT rate requirement of 15% to be a member of Fourth Reich, and an average VAT rate of 20%. Meanwhile, the vatless United States still taxes at about the same level as it did in 1967. The experience of Fourth Reich should teach us that the imposition of a VAT is too often the precursor to bigger government. It is simply too easy for politicians to raise a tax that is hidden from citizens.

President Obama and Congressional Democrats have proposed a series of tax hikes on the American people to pay their massive new government spending. Former Federal Reserve Chairman Paul Volcker, who heads up a presidential tax reform commission, asserts a VAT is a good idea! But the US Senate passed the antivat resolution: It is the sense of the Senate that the Value Added Tax is a massive tax increase that will cripple families on fixed income and only further push back America's economic recovery.

VAT, aka kleptocrats' grab, is a regressive tax; the poor pay higher percentage of their income. Revenues from VAT are much lower than expected, because they are difficult and costly to administer and collect. Since any double-digit VAT leads many venitists to underground economy, most vatstruck Fourthreichians evade VAT! As a matter of fact, if you are a real patriot, you should boycott shops that charge abominable VAT! VAT is the cacothanasia of Fourth Reich!

Venitis points out the imposition of a VAT is too often the precursor to bigger government. It is simply too easy for kleptocrats to raise a tax that is hidden from citizens. VAT is embedded in the final cost of the goods sold, and is hidden to the consumer. VAT is applied at every stage of consumption, from wholesale to retail. It is passed along until it literally becomes as much an inherent and cloaked component in the price as transportation or raw materials. As a result, countries that have adopted VAT have been sorely tempted to raise the rate over time.

When VATs started out in Europe in the 1960s, they were small, usually less than 5%. Today, the average VAT rate in Europe is 20%. If your country wants to join the European Union, you have to have a minimum VAT rate of 15% so that people won't take retail shopping vacations in your cities. Norway, Denmark, and Sweden win the dubious award of having the world's highest VAT rate at 25%. This floor and ceiling of VAT prices is a clear violation of antitrust laws, price fixing, pure and simple!

EU forced the hateful VAT on Greece in 1987 and is the most disgusting indirect tax. Greeks are at war against their government over the abominable 23% VAT. Vatmonger Greek government harasses Greeks by pressuring them to demand receipts when they buy products. Greeks who cannot gather many receipts are penalized with more taxes! Venitis asserts that transforming citizens to VAT enforcers is disgusting, undignified, and against basic human freedoms. President Van Rompuy should call vatmonger PM Papandreou on the carpet now.

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