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A Twitter Reminder: VAT Tax Bandaid a Big Mistake!

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Posted on April 16 2010 7:22 am
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I have long admired Jack Welch.  I worked for one of his companies for a number of years and discovered Jack’s commitment to accountability, strategic improvement, personal development and growing the bottom line.

Jack Welch preached transparency long before it was an Obama buzzword – the difference between Welch and the big O is that at the GE companies transparency was actually practiced.

Long way of saying that when Jack Welch tweets, I tend to listen.  Yesterday he posted:

Don’t fall for a VAT tax plan “to get us out of hole”..It is a politicians dream PIGGY BANK

Ahhhhh, the new national ostensibly-hidden tax.  Jack’s right of course.  The fact that the VAT tax is so popular in Europe is precisely the reason that we should be running in the other direction.   One of the VAT tax risks is that it is mildly difficult to understand and even trickier for consumers to track.  But make no mistake, the VAT tax is one of the signs of the American apocalypse.

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