New quasi-VAT another reason to avoid California

The California Commission on a 21st Century Economy, charged with stablizing the Leaden State's year to year tax revenue stream, is proposing something similar to a European value-added tax, only worse.

Worse because of the lack of exemptions. Worse because of the flattening of income tax rates at the same time. Worse because it will greatly benefit the rich. Worse because it does nothing to address Prop. 13 and other property tax issues.