OMG a tax? Who saw this coming?
Your taxes are going up. Obama is gonna do it, and every dumbass who believed his tripe about not raising taxes on people making less than $250k needs to look in the mirror and realize how damn dumb they were.
The Tax du Jour today is the warning flare for a national sales tax! You just float the trial balloon through a friendly news outlet (all of them, as it were), and see what doesn’t cause huge uproars.
You see, when you’re in a recession, spending like a moron isn’t the best idea. Since tax revenues are bound to be lower in a slower economy (read, less income and spending), flushing money you don’t have into Chrysler, GM, banks, etc. while promising to “fix” healthcare costs by… um, spending wads of cash leads to even bigger deficits than the already apocalyptic numbers on the rosy side of things.
Time to say this outright: Obama does not intend to keep any campaign promise that gets in his way. He’s not going to do it, and we’re going to have to live with it. See, I said this shit would happen the whole time, but why listen to the conservative guy? He’s clearly a racist for standing in the way of a historic election, and being so divisive in this post-partisan era.
As with most tax policies, this one will also hurt the poor in America more than the rich. You see, the rich can afford to pay more taxes (as liberals love to remind us) and so shaving a bit more doesn’t affect them the way a man who spends his bottom dollar on dinner, but suddenly is a few bucks short. Of course, liberals love for us to forget that even reducing spending by the rich completely hoses the millions that work in industries like massages, pricey boutiques, sports cars, speed boats, and the hundreds of other industries that only sell luxury goods to the rich.
As usual, the push for higher taxes, as Obama loves to put it, “Will return the wealth of America where it rightfully belongs” or some rubbish. He supposedly means the people, but of course all this tax would go to cover his addiction to government spending, so he technically means himself. Socialism and higher taxes go hand in hand with assuring that everyone is equally poor, or middle class is today’s moron-friendly term for it, and that luxury goods can’t exist, because no one has jobs in those industries anyway, and having money is evil. Unless, of course, you’re a Democrat in power who signed a huge book deal before taking office.
Chris said,
May 27, 2009 at 1:21 pm
If it’s done correctly (read: along with a working national health care system) it should end up being a net increase to people’s pockets, judging by how expensive health care is currently. It’s also important to note that a VAT is only being put on the table; it hasn’t been decided upon at all. At this point in the game, everything should be on the table.
I find it interesting that you have such trouble with the thought of a VAT. Indeed, the point is made in the article that a VAT is what makes Ireland’s low corporate tax rate feasible. I’m sure you like the idea of lower corporate taxes to make America more competitive, and if that’s the case you must understand that money does not grow on trees.
It would be nice if it did, come to think of it. The Government could make money while reforesting, thus keeping both Fiscal Conservatives and Environmentalists in check.
Anyway, if a VAT ends up being used and something else does not show up as an offset (like NHC), I will join you in speaking out against it. I find that highly unlikely, however, and this post seems to be another in a long line of yours showcasing much speculation.
regulusred said,
May 27, 2009 at 4:09 pm
“I find it interesting that you have such trouble with the thought of a VAT. Indeed, the point is made in the article that a VAT is what makes Ireland’s low corporate tax rate feasible.”
This is not part of the plan. There are no tax cuts to go along with this tax. We’ll still have our horrid IRS, the 2nd highest corporate tax rate in the world, and everything else. If he uses this to lower corporate taxes, I’d have to reconsider.