More Good Policy from Obama (Seriously)

[ThePythonicCow]

Re: More Good Policy from Obama (Seriously)

Never say never Cow, Never say Never. I've seen it proven wrong WAY too many times.

Well, I wouldn't say never. But I'd say we've got some serious hell to go through first before it (taxation as I'd like to see it) has any chance.

[btattoo]

Re: More Good Policy from Obama (Seriously)

EJ said this (emphasis mine):

A VAT is highly regressive. It hurts low income households the most. A family that earns $500,000 a year will not notice the difference when grocery food prices rise ten more dollars per bag, but a family that earns $50,000 a year will have to eat less and lower quality food. Worse, millions who are already living on the margin will be pushed below it. What will the government do to help them? Raise taxes elsewhere, such as on capital gains and higher incomes, to finance government programs to compensate low income families for the problems that the VAT creates for them.

A VAT is a horrible idea. Instead, we need to lower rents and mortgage costs so that we are spending 20% of PCE on housing instead of 38%.


here: http://itulip.com/forums/showthread....ight=added+tax

[ThePythonicCow]

Re: More Good Policy from Obama (Seriously)

Paul Volcker says that the U.S. will probably need to raise taxes to curb the deficit.

Aha - they had to wait until a sufficient proportion of voting Americans were on the "dole", either depending on Social Security and Medicare, or about to become dependent on them with no other major source of wealth (retirement funds, home equity and wages all depleted well below earlier expectations.)

Then they can succeed with adding more major taxes, such as VAT, sales, carbon or whatever. The message to the older people will be: agree to the tax or go hungry. The government needs the money so as not to "go broke", and if they go broke, your monthly check stops coming.

In a word: extortion.

[Rajiv]

Re: More Good Policy from Obama (Seriously)

As I said in my earlier thread

The VAT should be adopted, and to ease the burden of the VAT on low income families, it could be pumped back into the economy in the form of a low income tax credit.

[radon]

Re: More Good Policy from Obama (Seriously)

Then they can succeed with adding more major taxes, such as VAT, sales, carbon or whatever. The message to the older people will be: agree to the tax or go hungry. The government needs the money so as not to "go broke", and if they go broke, your monthly check stops coming.

In a word: extortion.

Yep, and the problem is that someday people like me will get the message and then the government will run out of other people's money.

[jtabeb]

Re: More Good Policy from Obama (Seriously)

As I said in my earlier thread

Agree, The concept is called a pre-refund. (And I would advocate apply it to everyone up $25K). In other words everyone gets to spend $25K on whatever, you are taxed at the VAT rate on all consumption above that amount.

[Master Shake]

Re: More Good Policy from Obama (Seriously)

Yeah that Reagan was one EVIL dude. Overspending by the Democrats of California and elsewhere never caused any fiscal problems, it's just them EVIL Republicans who are so sick that they think people should be allowed to keep the money they earned.

I've tried as best I can to refrain from using profanity, but in this case, Steve, I'm going to make an exception: I have had a GUT FULL of your ignorant, bigoted, illogical and plain stupid NeoCommunist bullshit!
Take your class envy, Reagan & Southerner Hate ... and stick it straight up your dumb ass!!! :mad::mad::mad:

Word.
678910

[ThePythonicCow]

Re: More Good Policy from Obama (Seriously)

Yep, and the problem is that someday people like me will get the message ...

Well then, hurry up damn it .

That's not "the problem", good sir. That's the only way out.

[ThePythonicCow]

Re: More Good Policy from Obama (Seriously)

Raz -- I've been a happier man since I put Mr. Steve on my ignore list. You might give it a try.

[ThePythonicCow]

Re: More Good Policy from Obama (Seriously)

Agree, The concept is called a pre-refund. (And I would advocate apply it to everyone up $25K). In other words everyone gets to spend $25K on whatever, you are taxed at the VAT rate on all consumption above that amount.

:eek: - keep that condition out.

It should not be any business of the Federal government how much I spent where.

Just send every American $X Thousand. For the poor, this will be more than they were taxed, providing them a bit of welfare. For the rich, it will be a drop in the bucket and of no particular consequence.

[Rajiv]

Re: More Good Policy from Obama (Seriously)

JT

But always keep in mind that famous poem - The Walrus and The Carpenter

I am quoting in part

"The time has come," the Walrus said,
"To talk of many things:
Of shoes--and ships--and sealing-wax--
Of cabbages--and kings--
And why the sea is boiling hot--
And whether pigs have wings."

"But wait a bit," the Oysters cried,
"Before we have our chat;
For some of us are out of breath,
And all of us are fat!"
"No hurry!" said the Carpenter.
They thanked him much for that.

"A loaf of bread," the Walrus said,
"Is what we chiefly need:
Pepper and vinegar besides
Are very good indeed--
Now if you're ready, Oysters dear,
We can begin to feed."

[radon]

Re: More Good Policy from Obama (Seriously)

:eek: - keep that condition out.

It should not be any business of the Federal government how much I spent where.

Just send every American $X Thousand. For the poor, this will be more than they were taxed, providing them a bit of welfare. For the rich, it will be a drop in the bucket and of no particular consequence.

Not a bad idea, for what we borrowed last year we could send every household in america a check for 20K. Spend it fast though, it might not buy much when the time comes to roll it forward.

[flintlock]

Re: More Good Policy from Obama (Seriously)

Any increase in revenue will be accompanied by an increase in spending. Bet on it. Haven't you heard, deficits don't matter. Deficit spending is the crack cocaine of politicians. As a matter of fact, crack heads would probably do a better job cutting costs.

[Raz]

Re: More Good Policy from Obama (Seriously)

Word.
678910

I don't "get" your post. :confused:

[SamAdams]

Re: More Good Policy from Obama (Seriously)

For those that think the government doesn't just take and take and take, (steal) am I misinterpreting the trend in this graph?