So I click on a Yahoo article about Best Cities to Retire in, and -- WTF?

[Yavin4]

55. That's My Whole Point

A national VAT tax is the best way to tax the rich because they won't be able to dodge it like Romney currently does.

If we allow exemptions for food, housing, clothing, and healthcare, then the VAT tax would do very little to reduce the income of the bottom 80%. Additionally, revenues from the VAT would go to social, infrastructure, educational, and pension programs which would in fact be a net income gain for the bottom 80%.

Moreover, we could impose a higher VAT tax on imported goods from countries that erect barriers to our goods. This would encourage higher domestic production, and that would create jobs.

As for savings, we need to subsidize savings accounts for the very poor. If they save a certain percentage, then they would also receive a yearly government subsidy until their savings reach a certain level.

Finally, we love to point out the social safety nets of Europe, but we don't like to talk about how they pay for them. They pay for them with a VAT tax.