Mr. Obama, the first Africa-American (a description that may only be a half-truth) President of the United States seems to be doing all that he can to become less American and more European. It has been reported by the AP that “President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.”
The VAT tax is a regressive sales tax on all Americans, and will hurt the very people that Obama campaigned for, and claims to care about the most… the lower and middle classes. When a millionaire goes into the Porsche dealership to drop $100,000.00 on a new toy, he won’t care too much about the additional 4, 5, 6, 10% added on to the bottom line. No he has money to burn, he wants a new toy and he has the green to get it, and good for him.
On the other side of street however, the family of four with two working parents, or perhaps the family with only a single parent aren’t shopping for new sports cars, no they are looking to purchase clothing, food, a fan for the window, a lawnmower, or a television set. The prices on all of these items have increased because the VAT tax has been added along the supply chain line. In addition to the VAT tax which is paid to the Government, and passed down the line until it reaches the consumer, the states will add their sales tax, and some municipalities will add theirs.
So what have we accomplished here?
We have raised taxes once again on the very people Obama claims to be looking out for; the lower and middle class of this country, all in the name of debt reduction and healthcare. Mr. Obama said that his goal “is to figure out how we can reduce wasteful spending so that, you know, we have a baseline of the core services that we need and the government should provide. And then we decide how we pay for that.”
Here is an idea Mr. Obama, cut spending and it will not be wasteful. Allow the market forces, which always work, to come into play where healthcare is concerned. Allow for people to find insurance beyond the boarder of their home states, bring in real competition. Let’s force the medical community, doctors and hospitals to operate like every other business on the planet, where fee for service is established and consumers know what things cost. Let’s enact tort reform so the medical community can perform their life saving duties, without worrying about the fear of lawsuit by actions taken or actions not taken.
Mr. Obama and the Democrats in Congress are spending us into the deepest debt hole in American history. If we keep digging, eventually we will reach China. Perhaps that is Obama’s goal; after all the Chinese are paying for everything, and China is the largest communist country in the world.
Could it be that Obama won’t stop digging the hole until he reaches the shore of that Chinese river that makes the money flow?