Want a VAT, Lose the Income Tax

George Will has been in the pundit business for a long, long time. I think the world according to Obama (and the later Bush years for that matter) is bringing out his best. Will is getting better with age.

There is now a lot of buzz about a Value Added Tax (VAT) similar to those used in Europe and Canada. George has a great take down and then raises the ante: Want a VAT, Ditch the Income Tax.

For a prior admiring post on Will, check this out.

Also, here's one of my previous remarks on the topic.

Bingo!

I've been waiting for a prominent public official to start talking about new types of taxation for the United States. The most likely proposal is going to be a Value Added Tax (VAT) like those used in Europe. I did a research project on Paul Volker in graduate school and I have nothing but respect for the man. This may change as he is now talking about a national sales tax.