The phrase "stealth tax" is pretty much a meaningless soundbite. Everyone knows what VAT is, or Excise Duty for that matter.
However I agree with the rest of what you said.
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Some of the benefits as far as the tax is concerned would be that, overall the average persons taxes would be lower( so they say anyway).
This would be possible because everyone would pay taxes. Including those who work under the table and do not report income, legal or not. Tourists, drug dealers, whoever because it would be a tax on any new product or service regardless.
As I said, I am new to it myself so haven't really learned enough to decide this is the way or not, but it makes more sense to me then our current system that takes a semi serious education, constant updating etc. just to have any idea of what is really happening within it.