The riots in Sweden last week are a manifestation of the socioeconomic disequilibrium pervading much of Europe, and the level of frustration that is beginning to boil over among European immigrants and youth.
The VAT works well in nearly every other developed nation and it can work just as well here. It would replace our current, complicated and frustrating sales tax system with something much more simplified.
Instead of making our tax laws competitive, President Obama continues the tax benefit to off-shore or get rid of jobs. Instead of enforcing our trade laws, like he is sworn to do, the president ignores them.
The people have lost control of their government. Wall Street, the big banks, and Corporate America are the biggest contributors to the re-election of the Congress, and their lobbyists have seized control.
President Obama bails the economy boat as fast as he can with tax cuts and infrastructure, but fails to plug the off shore hole in the sinking economy. Shameful conduct! Not on Wall Street, but in Washington.
There are limits to how much a government can receive as grants from donors or borrow. So raising tax revenues is a necessary element for governments to spend on providing more of these essential services and, in turn, reduce poverty.