‘In a cruel irony for taxpayers, this might have been the plan all along: to increase spending so much and so fast that massive tax increases became almost inevitable.’

Ya think?

Curtis Dubay explains that the VAT is coming, and why. Among other things, he notes that a “value added tax” would

break Mr. Obama’s pledge not to raise the taxes of anyone earning less than $250,000 because every American who buys anything will pay it. But because it could largely be hidden from the view of taxpayers, the president’s campaign promise would — at least to the untrained eye — appear intact. If it becomes law, the VAT promises to be a whopper of a tax increase. Some have suggested a VAT rate set to raise $1.3 trillion each year. That would raise the taxes of each household in the United States by $10,700 annually on average….