Comment by csmpltn
17 days ago
I don't really care what you invest the money into, the point is that the VAT is a mechanism which messes with the concept of a free global market and it leads to unfair competition and an unleveled playing field. If you combine it with other factors (such as the fact that the US is the sole guarantor of Europe's defense) - the US is in the right for challenging the European economy.
We tax consumers, actual people, where they actually live, on what they consume, to fund the public services they benefit from.
Why would that be a market distortion!?
You're welcome to stop funding our defense. Just don't expect us to continue to fund your arms industry when you tell us to buy additional weapons.