Quote:
Originally Posted by CybrSage
VAT is not charged on things made locally, it is charged on things not made locally.
VAT, in the EU is not charged on things made in the EU, it is on things made in the US and other non-EU countries.
A 20% VAT is simply a 20% tariffs that the consumer pays directly.
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Tariffs are a REGRESSIVE tax, like a sales tax, that disproportionately hurts LOWER income earners. The end goal is to redistribute dollars from the working class to the wealthy class. Also, today we have fewer IRS agents so it is easier for the RICH to CHEAT on their income taxes.