Value Added Tax

According to this article, one of Obama's economic advisors is suggesting the government begin charging Value Added Taxes (VAT) to help address the issue with our debt. While I don't know the specifics of what they would implement, going to a sales-based tax would be great if they could eliminate the income tax. Since the largest consumers would presumably be those who make more money, it would still be progressive - as in the rich people would pay more in taxes. The sales tax could also vary depending on what the product is so again, it could tax those who indulge in unnecessary luxury items more, and tax less the necessary items like basic food items (e.g. milk, eggs, veggies, etc.) Also, taxing sales will help curve consumers' appetite for spending and encourage people to live more in their means. Even better, by doing away with income tax, it will eliminate the need for people to file complicated tax returns, along with all the loop-holes that the rich find to avoid paying taxes.

Of course there are other considerations and many of these changes will have to be phased in. I for one, however, would be all about switching to sales based tax if it eliminates income tax. Again, I have no idea what the administration is considering or will propose. Another thing I wish people would do though, is stop whining about the administration possibly raising taxes. Yeah, I don't want to pay anymore taxes either, and I am also angry at the situation our economy is in thanks to all those mofos who gave out loans people couldn't afford or bought houses they couldn't afford. However, the issue of our growing debt needs to be addressed asap, and everyone must now pay for the mistakes others made whether we like it or not. The government is doing what it thinks is best for our country, and it's not an easy job with the mess they have on their hands. If cutting spending is not an option and people need to pay more taxes for a while so be it. Half of those cry babies probably do nothing about any of this anyways but sit back, watch, and complain. Either be a proactive part of the solution or shut the f * up.