[excon]

Can't move to another State to avoid that !

Hello tom:

Can't hire a lobbyist to exempt you and your business, either. That's why I like it. It's FAIR and it encourages saving.

In terms of your FEAR tactics, you're wrong. The poor will be able to deduct THEIR taxes...

excon

[tomder55]

No they won't . A sales tax is regressive. But I would favor it if all other taxes were scrapped.

Business will just pass along taxes to the consumer like they always do.

[N0help4u]

Your post is sooooo relevently right on!

They want to take over our health care but their cities are BANKRUPT!

They are taking over banks and the car industry but they can't even figure out how to make money on the Port Authority.

Like in my city they are building a tunnel under the river. Nobody wants it. We walk across the Roberto Clemente Bridge or take the bus across the 9th street bridge.
They said it will cost one amount, but after they started it they doubled that amount. Then a couple months later they said that the subway to the South Hills is losing money.

Once a year they say they are going to raise fares and cut service because they are broke.
Then the next thing you know they are buying NEW busses for the routes they were going to cut.

Quinn and Rose (local political radio talk show)
Say if you want to increase your pizza business you do not raise the price and cut the service so why is this governments logic?

[speechlesstx]

That's why the Obots are going to go national with the tax increases .

Remember that tax cut for 95% of Americans ? Well the Compost is reporting that they will increase taxes to 100 % of Americans with a VAT national sales tax.
Once Considered Unthinkable, U.S. Sales Tax Gets Fresh Look

Can't move to another State to avoid that !

And more good news, "federal tax revenue plunged $138 billion, or 34%, in April." Remember, that 95% would not see their taxes raised "one dime" in an Obama administration.

[tomder55]

Not only that ;Obama's chief economic adviser, Christina Romer,authored a study that concluded that, going back to 1947, a 1% rise in taxes results in roughly a 2% to 3% drop in GDP growth.Tax Increases Reduce GDP

So how will these tax increases help pull us out of the economic downturn?

[excon]

So how will these tax increases help pull us out of the economic downturn?

Hello tom:

With the VAT, the only ones who'll be getting a tax increase is the very wealthy. You're still carrying their water, I see.

What could possibly be wrong with a tax system that takes ONE page to explain, and is fair to everybody across the board?? The more you spend, the more tax you pay.

Our tax code now is about 40 jillion pages long. 39.9 jillion are there to explain why so and so industry should be exempt. I actually KNOW that to be true, because I've actually READ the tax code.

excon

[tomder55]

Did you miss this part of my response ?

But I would favor it if all other taxes were scrapped.

With the VAT, the only ones who'll be getting a tax increase is the very wealthy. You're still carrying their water, I see.

How do you figure that ? It is an across the board tax on everything at every stage of production from raw goods to the consumers purchase . Business will pass the cost onto the consumer so the consumers get double a whammy .(and the rich will probably figure out a barter system) .

[andrewc24301]

Your post is sooooo relevently right on!

They want to take over our health care but their cities are BANKRUPT!

They are taking over banks and the car industry but they can't even figure out how to make money on the Port Authority.

Like in my city they are building a tunnel under the river. Nobody wants it. We walk across the Roberto Clemente Bridge or take the bus across the 9th street bridge.
They said it will cost one amount, but after they started it they doubled that amount. Then a couple months later they said that the subway to the South Hills is losing money.

Once a year they say they are going to raise fares and cut service because they are broke.
Then the next thing you know they are buying NEW busses for the routes they were going to cut.

Quinn and Rose (local political radio talk show)
Say if you want to increase your pizza business you do not raise the price and cut the service so why is this governments logic?

Yup, this is what I was saying, the US government system is a highly inefficient system, and if it were a private business, would have been bankrupt a long time ago.
Consider how long it takes to get a dissability claim approved. The lines at the DMV. Take a number and stand in line. I can quickly see going to the new government GM dealer. Here, take a number, your salesmen will be with you shortly.

Oh, hello sir, I see you want to buy a car, here, before we begin, I need you to fill out FORM 34FC section 3, 4, and 5. Sign here, here and here, mail your payment here and you will receive your car in 6 to 8 weeks.

All government knows how to do is raise taxes. And tomder, if they proceed with a federal sales tax ON TOP of my state sales tax, ON TOP OF my local sales tax, then I'll just have more incentive to BUY LESS.

Yup, sounds great for the economy.

But VAT advocates say those negatives could be offset by using the proceeds to pay for health care for every American -- a tangible benefit that would be highly valuable to low-income families.

-THIS IS A JOKE!

There will never be health insurance for all Americans.

And all be it, a VERY POLICALLY INCORRECT thing to say, I'm just going to come out and say it, people like me (working men) will be the LAST in line to get it if it ever did happen.
I'm all for health care and taking care of kids, but if grown adults are to sick to work, so they may pay into this socialist system, then the whole thing is screwed anyway.

Anywho: On a side note, I woudn't be surprised if us guys are about the be put out of our misery anyway. With all this nonsense going on in North Korea, I see a draft coming on.
Oh boy, what's next?

I think it's time to go start a new country.

[andrewc24301]

The only way I would support a fed sales tax is if both federal AND state INCOME taxes were elliminated.

To me, and income tax is like being FINED for working. It's common knowledge that with a little know how, one can easilly milk the system. All you have to do is knock up and shack up with a nasty crack whore, and deal a little dope and you're set for life!

Nope, only us who play by the rules, pay an INCOME TAX. Again, it's a FINE FOR HAVING A JOB. I mean, you don't get anything for it. Maybe about a penny of every dollar spent goes back into your pocket somehow. So, it's a fine. A penalty for working.

BTW: I see in the article, it states several times this tax is meant to pay for health care for all Americans not eligible for medicaid or medicare... well, I'll believe it when I see it.

[galveston]

The problem is, the other taxes, (fed & state income, etc.) are NOT going to be scrapped.
I guess those who voted in this regime are going to just have to suffer for it along with the rest of us who knew better.

Actually, I think the VAT or some form of nat'l sales tax would be much fairer (with the other taxes eliminated), that is, if anything purchased from WELFARE CHECKS or with FOOD STAMPS are taxed the same as any other commodity.

[speechlesstx]

CHART OF THE DAY: The FDIC Is Going Broke



So what's the plan here?

[andrewc24301]

So who bails out the FDIC?

I guess the government just prints more money.

So what happens when the dollars is actually worthless. (no I mean REALLY worthless) and no other nations are interested in owning any?

"I'll give you three hours of labor for 2 loafs of your stale bread... money? No keep that money, it's useless..., why not just give me confederate dollars while your at it"

The future looks pretty bleak. Now to put the cherry on top, 5 co workers got the ax this morning. Out of a company of only about 35 employee's, it was a sizable layoff percentage wise.

Will I be next? Maybe, maybe not. Who knows...

Change we can believe in, I'll say, we went from slowing slipping, to abruptly collapsing!

[NeedKarma]

Change we can beleive in, I'll say, we went from slowing slipping, to abruptly collapsing!

So you believe that this all happened on Obama's 6 month watch?

[galveston]

So you believe that this all happened on Obama's 6 month watch?

Others may answer differently, but as I see it, Obama has taken a bad situation and is in the process of making it much worse. Don't give up though, he is not at the end of this path yet.

Remember what destroyed the USSR.

[NeedKarma]

Remember what destroyed the USSR.

I don't, what was it?

[andrewc24301]

So you believe that this all happened on Obama's 6 month watch?

No, I actually believe this has been gradually happening since we built an economy based on oil. (100 years or so ago) Obama just happened to be the lucky president to preside when it all drew to a head.

We all know what lead to the housing burst, easy credit. People spending too much money they don't have. Borroring 20 bucks from a friend is one thing, having a $30,000 credit card balance is another. Obama is not perfect, no more than Bush, Clinton, Bush Sr, Regan and so forth were. I contend that American biggest problem is Americans in general, and our desire to have the best of the best. How many of us fuss and carry on when the town is slow to repair a pot hole, yet there are countries that barley have paved roads at all. How many of us complain if the store happens to be out of our favorite brand of snack, yet so many would kill for the crumbs that fell from it.

Hey- I'm not pointing the finger, I'm guilty too. I'm right in there with the rest of you all. I've got credit card balances myself that I racked up buying foolish things. I am however proud to say that I cut up my credit cards quite some time ago, and all be it, tough, we have lived out of cash in pocket for almost a year now.

I'm willing to accept that the median of the interstate won't be mowed as much this year. I'm willing to accept that pot holes may be slow to be repaired. I'm willing to accept modest price increases while businesses try to balance their books.

What I'm not willing to accept is a new tax to pay for a health care plan that I know damn well me, with my 35k per year will make too much money to qualify for, in addition to a tax on my already established employer health care plan that already cost $600 per month. It's ridiculous.

Again, I'm not one of these Obama bashers, no more than I was a Bush basher, politicians in general are all on the same side. You won't see campaign signs in my yard past the county level, mainly because the news media already hand picks who they are going to brainwash the masses to win anyway, as for me, I always vote my heart, and most of the time, he's neither democrat nor republican.

[andrewc24301]

I don't, what was it?

No need to comb the history books, you are seeing history repeat itself right now.

Everything we are going through the USSR has "been there, done that".

Basically, in a nutshell, the USSR tried to take over everything, be the major power of the planet, got involved in wars, borrowed money to the point their currency was worthless, their economy collapsed, the USSR broke apart, and now no body really takes them seriously anymore.

One you dig deeper, the similarities are scary...

Now I see where this is going, I have insulted Mr Obama (or rather politicians in general), and I'm not going to say I'm always right, or even close to it, but you'll never get me to agree to another tax. They get enough money. If the church can survive on 10%, I don't see why the government should have such a problem with it. They are, after all, so much smarter than those religious types, what with their science and everything...

[NeedKarma]

No, I actually beleive this has been gradually happening since we built an economy based on oil. (100 years or so ago) Obama just happened to be the lucky president to preside when it all drew to a head.

Correct, so the events would have unfolded regardless of who won the presidency. That was my point.

[NeedKarma]

If the church can survive on 10%, I don't see why the government should have such a problem with it. They are, after all, so much smarter than those religious types, what with their science and everything....

But the church does not survive on tithing alone, it has to fundraise continuously and basically beg their membership for money. It doesn't help that the rampant pedophilia adds up to very expensive bills in the end that someone has to pay for.

[andrewc24301]

Correct, so the events would have unfolded regardless of who won the presidency. That was my point.

Fair enough... But the president of the US, is, always has been, and always will be the scape goat, he's just such an easy target. Congress makes the laws. What's scary is most American voters DON'T know who their CONGRESSMAN (or woman) is!