canceled.2021.1
#AMERICAISDEAD
Sounds like these guys would ridicule Canada's VAT......... and isn't the VAT pretty common in Europe ?
Actually, the VAT isn't a horrible tax system if you want equitable treatment. However, piling a VAT on top of our already bloated tax system would be a recipe for disaster. My bet is they have their eyes on everyones 401Ks
It will start insidiously. They started having hearings on it a few years ago.
Soon you will hear stories about how "risky" the stock market is. Of course how it is tilted toward the "rich". Then you will see articles about how little participation there is. Then you will see them offer you a great deal. Turn your 401K over to the gobblement and you will never have to worry about a thing. They will "GUARENTEE" you a 3% investment for LIFE. How can you beat that? Sure the market can have 15% returns a year, but they can go down 20% too. You don't want to have to deal with that do you? Oh no. Too risky. Let the gobblement handle it. What could go wrong? I am sure they will be as frugal as they were with Socialist inSecurity.
Oh, I know, it could never happen right? Tin foil/007 type stuff right?
Just watch