U.K. VAT increased.

[highland145]

20% VAT up from 17.5. What a massive drain on the populace. Can't imagine what amount of growth/innovation/economy this stifles. Pray that we aren't headed down this road but I think it's coming to America.

http://www.businessweek.com/news/20...-u-k-value-added-tax-rate-to-20-update1-.html

“That is 13 billion pounds we don’t have to find from extra spending cuts or income-tax rises,” he said.

Am I confused or isn't at tax a tax.

 

[Trianon]

20% VAT up from 17.5. What a massive drain on the populace. Can't imagine what amount of growth/innovation/economy this stifles. Pray that we aren't headed down this road but I think it's coming to America.

http://www.businessweek.com/news/20...-u-k-value-added-tax-rate-to-20-update1-.html


Am I confused or isn't at tax a tax.

hehehe, don't you see?! it's not spelled T-A-X, it's spelled V-A-T, so to this spinner those are two different things🙂

 

[theeedude]

We are headed for a second Great Depression. Austerity right now is like trying to save on antibiotics when you got blood poisoning.

 

[PokerGuy]

Stupid tax-and-spend liberals are the same everywhere. Increase taxes, that will always fix everything!

 

[PeshakJang]

We are headed for a second Great Depression. Austerity right now is like trying to save on antibiotics when you got blood poisoning.

So the only way to avoid a great depression caused by massive debt and runaway spending is to spend more and go further into debt?

Is this Willy Wonka's chocolate factory? You have to go forward to go backward?

"What is this Wonka, a funhouse?"

"Why... having fun?"