Friday, March 26, 2010

Krauthammer: The VAT Cometh

Krauthammer says that the expense of ObamaCare will lead the liberals to adopt a European style value-added tax -- in addition to higher income taxes.

Obama set out to be a consequential president, one on the order of Ronald Reagan. With the VAT, Obama’s triumph will be complete. He will have succeeded in reversing Reaganism. Liberals have long complained that Reagan’s strategy was to starve the (governmental) beast in order to shrink it: First, cut taxes; then, ultimately, you have to reduce government spending.

Obama’s strategy is exactly the opposite: Expand the beast, and then feed it. Spend first — which then forces taxation. Now that, with the institution of universal health care, we are becoming the full entitlement state, the beast will have to be fed.

Posted via email from The Blue Pelican

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