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10-02-2010, 10:27 AM
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#11
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Moderator
Join Date: Sep 2004
Posts: 16,342
My Mood:
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Re: Christmas present enormous tax increases
A VAT tax isn't favored by liberals. Where did you get that idea? The taxes liberals prefer are progressive income taxes, luxury taxes, death taxes, and higher corporate taxes. It's favored by people who are trying to figure out how to sustain our economy going forward. Neither the Republicans nor Democrats have any serious idea on how to do that. Let's face it, two of the three most recent record-breakers in terms of deficit spending are Republican.
Why a VAT Tax Is Where It's At - BusinessWeek
To be sure, a VAT has never gained much traction in the U.S. Many liberals oppose it because they believe it falls heaviest on the poor and elderly. Many conservatives dislike it because it's a new tax—and an efficient one. "The greater (but often unspoken) fear of many conservatives is that a VAT would be too efficient a revenue-raiser," writes Joel Slemrod, tax economist at the Stephen M. Ross School of Business at the University of Michigan. A number of conservatives worry that an efficient VAT might allow government to get even bigger. Perhaps Grover Norquist, the longtime tax opponent at the conservative lobbying group Americans for Tax Reform, put the opposition best. "VAT," he said, "is French for big government."
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10-02-2010, 10:56 AM
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#12
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Football Atheist
Join Date: Sep 2009
Location: CT
Posts: 4,653
My Mood:
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Re: Christmas present enormous tax increases
Quote:
Originally Posted by Patsfanin Philly
How did that turn out for him when he ran for re-election?
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My point exactly.
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(*I presume you were referring to Bush the Elder and "read my lips")
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Indeed. I'm not sure how many people on this forum are old enough to remember, so I added the "I" after Bush.
__________________
We get what we deserve.
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“On a day when they could have had impact players David Terrell or Koren Robinson..they took Georgia defensive tackle Richard Seymour, who had 1 sacks last season in the pass-happy SEC and is too tall to play tackle at 6-6 and too slow to play defensive end. This genius move was followed by trading out of a spot where they could have gotten the last decent receiver in Robert Ferguson and settled for tackle Matt Light, who will not help any time soon.”
-Ron Borges
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10-02-2010, 11:46 AM
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#13
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Moderator
Join Date: Jan 2005
Posts: 22,068
My Mood:
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Re: Christmas present enormous tax increases
Quote:
Originally Posted by Patters
A VAT tax isn't favored by liberals. Where did you get that idea? The taxes liberals prefer are progressive income taxes, luxury taxes, death taxes, and higher corporate taxes. It's favored by people who are trying to figure out how to sustain our economy going forward. Neither the Republicans nor Democrats have any serious idea on how to do that. Let's face it, two of the three most recent record-breakers in terms of deficit spending are Republican.
Why a VAT Tax Is Where It's At - BusinessWeek
To be sure, a VAT has never gained much traction in the U.S. Many liberals oppose it because they believe it falls heaviest on the poor and elderly. Many conservatives dislike it because it's a new tax—and an efficient one. "The greater (but often unspoken) fear of many conservatives is that a VAT would be too efficient a revenue-raiser," writes Joel Slemrod, tax economist at the Stephen M. Ross School of Business at the University of Michigan. A number of conservatives worry that an efficient VAT might allow government to get even bigger. Perhaps Grover Norquist, the longtime tax opponent at the conservative lobbying group Americans for Tax Reform, put the opposition best. "VAT," he said, "is French for big government."
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Socialist in Europe love it because it is a hidden tax and raises lots of $$$$, you can bet it will be part of the recommendations from thsi panel. Every country in Europe has one.
Just a prediction, if I am wrong feel free to drill me on this.
__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
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10-02-2010, 12:08 PM
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#14
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Moderator
Join Date: Sep 2004
Posts: 16,342
My Mood:
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Re: Christmas present enormous tax increases
Quote:
Originally Posted by patsfan13
Socialist in Europe love it because it is a hidden tax and raises lots of $$$$, you can bet it will be part of the recommendations from thsi panel. Every country in Europe has one.
Just a prediction, if I am wrong feel free to drill me on this.
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But, if it is a recommendation it will have to have bipartisan support. Again, the problem is what do we actually do about our deficits and the reality that our country is expensive to run. We're not going to become Libertarian overnight. In the meantime, we have to pay our bills and maintain our economic credibility. I'd much rather see steeper income taxes than a VAT tax. If you felt we absolutely had to raise taxes (as some people on both sides do), what would you propose?
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10-02-2010, 02:29 PM
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#15
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Moderator
Join Date: Dec 2004
Location: My house
Posts: 8,889
My Mood:
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Re: Christmas present enormous tax increases
He knitted me this sweater too.

__________________
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
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10-02-2010, 06:11 PM
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#16
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Moderator
Join Date: Jan 2005
Posts: 22,068
My Mood:
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Re: Christmas present enormous tax increases
Quote:
Originally Posted by Patters
But, if it is a recommendation it will have to have bipartisan support. Again, the problem is what do we actually do about our deficits and the reality that our country is expensive to run. We're not going to become Libertarian overnight. In the meantime, we have to pay our bills and maintain our economic credibility. I'd much rather see steeper income taxes than a VAT tax. If you felt we absolutely had to raise taxes (as some people on both sides do), what would you propose?
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Obama has promised an up or down vote on the whole package.
__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
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10-02-2010, 07:59 PM
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#17
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In the Starting Line-up
Join Date: Dec 2007
Location: Arizona
Posts: 2,333
My Mood:
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Re: Christmas present enormous tax increases
I noticed the countries at the top of the Strudel's list have also been ranked with highest quality of life. Another strange coincidence, none of the countries with higher standards of living have a bloated, blood-sucking military industrial complex to support. Hmmmm..........
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To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Last edited by Run DMC; 10-02-2010 at 07:59 PM..
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10-02-2010, 08:24 PM
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#18
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----> Iron Mod <----
Join Date: Sep 2004
Posts: 31,483
My Mood:
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Re: Christmas present enormous tax increases
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