The #1 Reason for US Failure....

http://online.wsj.com/article/SB10001424052970203440104574402822202944230.html

Will be the failure to restructure taxes....

to a consumption tax only....thus
dramatically downsizing govt....


ie 10/5 C tax

 

But that would cause a reduction in power of lawyers and politicians :-/

-burn8

 

I wrote my thesis on using VAT to replace personal income tax.

I actually found a documented study in a U.S. tax journal. It has been brought up to them.

VAT on business inputs is better for households.