Tuesday, April 6th, 2010
As should be clear when comparing former Treasury Secretary Paul Volcker’s continuing campaign for a VAT (see this rather more substantial article from Sept 2009 also) with recent events in Canada, there is an ongoing, long term international project for the implementation of ‘Value Added Tax’. It doesn’t matter whether you call it HST or VAT, it’s the same thing, and the point is economic integration of Western Nation-states under one system. The point of the VAT/HST, you see, is not to reduce deficits – that’s a red herring – and the reporting on the issue is deceptive for it misrepresents the actual intention, which may be understood by means of longitudinal research. It takes some work, but by observing the effect of similar movements undertaken in separate jurisdictions over time, the fog of economic warfare resolves into a clear outline, then a topology, and finally an image of the systematic corporativist takeover and merger with government. This Wikipedia entry on Corporatism reveals how deeply enmeshed in our culture the ideology has become. The rot runs deep, and in prior decades a case might have been made that this was an unconscious or systemic cultural drift. But no more. The economy of the West is being brought low precisely so that it can be bought out by the banks that have seized control of our economies. You need only look to the the CVs of your state finance ministers and G20 leaders to see their affiliation with major central banks, elitist policy forums, and Wall Street institutions like Goldman Sachs and JP Morgan. (For more, see the complete short essay, ‘Tax Me: Power, History and Collectivism’s Makeover’ in the StatismWatch forum.)
Flashback: Nova Scotia budget hikes HST rate | Thousands protest Quebec budget | HST legislation introduced in B.C. | Facing years of deficits, Ontario freezes wages | Former premier Bill Vander Zalm rallies against the HST in BC | Ontario tax collectors get $45K severance, keep jobs in HST federalization deal | Athens erupts as Greek austerity plan passes | HST ad campaign debuts in Ontario | Ont. deficit could linger for years: McGuinty | HST bill passes, 13% tax starts July 1 | Poll: HST equals Hated Sales Tax | Anti-HST protest at Ontario legislature spills onto Toronto streets | Tories, Liberals, Bloc approve HST for Ontario and B.C.
April 6, 2010
(Reuters) – The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White House adviser Paul Volcker said on Tuesday.
Volcker, answering a question from the audience at a New York Historical Society event, said the value-added tax “was not as toxic an idea” as it has been in the past and also said a carbon or other energy-related tax may become necessary.
Though he acknowledged that both were still unpopular ideas, he said getting entitlement costs and the U.S. budget deficit under control may require such moves. “If at the end of the day we need to raise taxes, we should raise taxes,” he said.