The kraft vapor barrier on the face of the insulation is provided by the manufacturer to allow the insulation to maintain its effectiveness that would otherwise be ruined by the transmission of interior moisture into the wall cavity. It's adequate.
Unfortunately many contractors would agree with you, and if you want to go with the mindset that it is adequate that is your choice. I don't tend to build things that are merely adequate, because merely meeting code is rarely good enough, and I don't tend to take the word of the manufacturer unless there has been indepenent testing.
Whats that old saying? A team of engineers built the Titanic, but a lone man built the Arc.... or something like that.
Case in point - kraft paper is not a true vapor barrier, but merely a vapor retarder.
"A kraft-faced fiberglass batt is a Class II vapor retarder"
http://www.buildingscience.com/documents/reports/rr-0410-vapor-barriers-and-wall-design
The seams at each stud are adequately sealed by the pressure applied by the drywall.
Do you have any information to support that theory? I disagree because unless your drywall and studs are perfectly straight and true, there will be gaps. Besides, as we have already discussed kraft paper isn't even a good vapor barrier in the first place.
Here is one excerpt that explains it better than I could: "kraft-facing is impregnated with bitumen and the paper-bitumen composite is hygroscopic. It adsorbs water as the relative humidity it is exposed to rises"
http://www.buildingscience.com/documents/reports/rr-0004-air-barriers-vs-vapor-barriers
Do you really want a so-called vapor barrier that absorbs water?
You can improve the vapor barrier by sealing around boxes and such but the boxes them selves are not air tight nor are the wiring devices installed in them.
I agree - although best practices would dictate the usage of lessco boxes or a sealed box anytime it is on an outside wall. If such a device is used, the VB can be sealedto the box, and the wires can be sealed with silicone or acoustical sealant to create a 100% airtight electrical box.
Does this happen? Yes, but it isn't very common and contractors aren't about to do it unless the client mandates it. This is why it is a good thing for consumers to educate themselves, because a sloppy job of installing a VB where it is just cut around electrical boxes and where seams aren't sealed is essentially worthless.
As I stated in my first post, painted drywall is a good vapor barrier.
I wouldn't go so far as to say it is good, and I would be more apt to call it a vapor retarder rather than a true vapor barrier (technically latex paint is a class III vapor retarder), but I understand what you're saying. In some areas paint is all that is required and in fact the addition of a secondary VB isn't recommened. However if someone is in a colder or northern climate, then paint alone won't be sufficient.