|
I am expecting a federal GST sales tax or a VAT tax in the USA to pay for roads, education, universal healthcare and other societal spending. I look forward to much future bickering about this for years -- but it is probably coming.
We are looking at 10% to 15% in new consumption taxes perhaps.
The alternative is to increase the national debt and inflate the dollar or officially devalue the dollar. The alternatives are worse because the real pain will be shouldered by the working classes -- they have the least to lose -- as usual ...
|