Kent Conrad advocates a national sales tax when single payer would save $350 billion a year
"There is a growing awareness of the need for fundamental tax reform," Sen. Kent Conrad (D-N.D.) said in an interview. "I think a VAT and a high-end income tax have got to be on the table."
Almost every state in the union has a sales tax. The states’ ability to pay for the basic services most people associate with government would be severely limited by a federal VAT tax. Moreover, a VAT tax would not address the fundamental problem of the US budget, The Math. 20% of the people control 84% of the wealth. There just isn’t enough money among the remaining 80% to pay these debts. You cannot raise ever more taxes on a continually dwindling source of money. It didn’t work for Louis XVI, and it won’t work for Obama. You have to increase taxes on the top 1%. They have the money the rest of us don’t.
And you don’t have to raise taxes to pay for healthcare. Not one dime, not even a penny. A single payer system will save our country $350 billion a year.