VAT -- VALUE ADDED TAX

For a very brief explanation and history of the VAT in Europe, where it is almost universally applied, the WSJ of this article today.  It goes without saying that the Dems and all other socialists love, and will vigorously push, this approach.  It is also obvious that it is also at least partly to blame for europe's sclerotic economies.  Debt to GDP ratios are much higher than the US, job creation is much less, socialism and collectivism is much more advanced.  It's nothing more than a sleight-of-hand way to raise taxes and increase the size and scope of government.  A good guess is that it's coming here and will arrive say during the second Obama term.  We can only hope he doesn't get a 2d term.