VAT != Fair Tax.

Obama is now making noise about a Value-Added Tax as a way to cause instant price inflation without wage inflation to match, crushing the middle class raise money for purposes other than what the people who earned it had intended.

A value-added tax is required for membership in the EU. Why? Because if everyone has a VAT then nobody (without a VAT) would have an unfair economic advantage. The VAT is an economy stagnation tool.

The Fair Tax is the most extensively-researched taxation plan in history, and it would kick the economy of whatever nation tried it into high gear pretty much instantly.

So which one does Barack Obama favor?