A Message From Lucianne  







S-G1




























ST-GC



        
 

 
Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google


  Topic: Sorry, middle class. The
VAT may be inevitable.
Change your user profile.
If you are having trouble posting, please take the time to register.
Your User Name :
Your Password
  I forgot my password
Your Reply  :
Preview Reply     Post Reply
Sorry, middle class. The
VAT may be inevitable.

Fortune Magazine, by Shawn Tully

Original Article

Posted By:KarenJ1, 1/15/2013 11:42:13 AM

If the government fails to enact structural reforms in spending, an entirely new source of revenue will be needed. The most likely one is a value-added tax that would crush the middle class. You can´t blame middle-income Americans for wondering whether the new "fiscal cliff" deal really protects them from big tax increases in the future. That´s essentially what President Obama promised in championing the hike in rates for high-earners signed into law on January 2. Still, the politicians and pundits keep talking about how our steep deficits and mountainous debt will rise

Comments:
Outrageous!! The VAT wouldn´t be "inevitable" if the criminals in Washington would stop spending!!

      


Post Reply  

Reply 1 - Posted by: MisterDickens, 1/15/2013 11:54:28 AM     (No. 9117739)

Glad I´m old and have all my "stuff" already bought. The biggest losers in a VAT tax are the same ones who would lose in any other type of national sales tax. The young, and dumb, Zerobama voters.

They are the ones whose major purchases, furniture, appliances, cars, etc. are still ahead of them, at additional cost of 20% or more, I might add. You asked for it and now you may well get it.

It will hurt us older folks, too, but not nearly as much. Can´t stop laughing!

  Click Here if you Like this Comment

   1  person like this.


Reply 2 - Posted by: BaseballFan, 1/15/2013 11:57:02 AM     (No. 9117748)

Watch the surprise on the collective face of the LIV Obama supporters:

"What? Now there´s a this new tax AND we still have income taxes to pay?"

  Click Here if you Like this Comment

   1  person like this.


   

 

R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: lostinmassachusetts, 1/15/2013 11:57:58 AM     (No. 9117750)

I´m less worried about adopting a VAT than about adding such a tax to the existing tax structure, which is what Washington (esp. the Democrats) are certain to attempt to do.

  Click Here if you Like this Comment

   1  person like this.


Reply 4 - Posted by: lostinmassachusetts, 1/15/2013 11:59:11 AM     (No. 9117757)

#2, the problem is that the VAT is an invisible tax, which even high-information voters will not be able to track easily.

  Click Here if you Like this Comment

   1  person like this.


Reply 5 - Posted by: Flipper3, 1/15/2013 12:04:21 PM     (No. 9117769)

It had damned well better not be inevitable.

  Click Here if you Like this Comment

   1  person like this.


Reply 6 - Posted by: jalo1951, 1/15/2013 12:04:57 PM     (No. 9117770)

Tax and spend liberals. Nothing has changed. We tried to tell you that. Rich people´s money can only go so far and there is not enough of it. Even if they took all of it. They have to get it from someone. Suckers.

  Click Here if you Like this Comment

   1  person like this.


Reply 7 - Posted by: plex, 1/15/2013 12:06:52 PM     (No. 9117772)

We already have a VAT tax. Yep! Invisible it is. It´s the corporate income tax. Corporations include the tax in the price of their products and this happens at all levels of the supply chain. Ergo, a VAT.

Remember, corporations don´t pay taxes, they collect them from customers.

  Click Here if you Like this Comment

   1  person like this.


   

 

  


 
Reply 8 - Posted by: Msctex1, 1/15/2013 12:07:49 PM     (No. 9117773)

As always, they do the most damage to those they claim to help. The smarter ones really must just sit and laugh sometimes.

  Click Here if you Like this Comment

   1  person like this.


Reply 9 - Posted by: Jethro bo, 1/15/2013 12:09:28 PM     (No. 9117777)

Wow! Who in a thousand years would have guessed that spending has consequences? The big questions is will they increase the value of welfare payouts and food stamps so the recipients can still buy their usual amount of booze, smokes, slap dances and gambling without any decrease in the current consumption?

  Click Here if you Like this Comment

   1  person like this.


Reply 10 - Posted by: Not your typical New Yorker, 1/15/2013 12:11:53 PM     (No. 9117781)

Anyone that has not seen this coming hasn´t been paying attention.

That would be over half of this dumbed down nation.

Obama has spent so wildly, that now a VAT tax is now the only solution.

His plan from the start.

By the time he´s gone this once great country will be CEMENTED IN SUB-PAR MEDIOCRITY FOREVER.

Again, his plan.

  Click Here if you Like this Comment

   1  person like this.


Reply 11 - Posted by: Blackeagle, 1/15/2013 12:12:14 PM     (No. 9117782)

With a VAT, the federal government is creating something that acts like a sales tax. We already have sales taxes as high as 10%$ in some localities.

  Click Here if you Like this Comment

   1  person like this.


Reply 12 - Posted by: bpl40, 1/15/2013 12:13:17 PM     (No. 9117785)

As the defendant said to the judge asking him why he robbed banks - "Because thats where the money is". No matter how much they talk about getting the filthy rich "to pay their fair share", the ´Rats know that ultimately they have to go for the middle class - because that is where the money is. Its simple income transfer from those who earned it to those who did not. The rest is all smoke and mirrors.

  Click Here if you Like this Comment

   1  person like this.


   

 

B-G1


 
Reply 13 - Posted by: msjena, 1/15/2013 12:15:21 PM     (No. 9117787)

Not unless the House caves.

  Click Here if you Like this Comment

   1  person like this.


Reply 14 - Posted by: mythman, 1/15/2013 12:15:34 PM     (No. 9117788)

And don´t forget the Streamlined Sales Tax (Wikipedia and search the term for the SST site) which will require online vendors in one State to collect sales tax for the purchaser´s State. The National Governors Association has been hot to get this through for over a decade. The software has long since been there, with its developers drooling.

So we may get clobbered with State and VAT US National taxes all at once. Put a little slavery in your life.

  Click Here if you Like this Comment

   1  person like this.


Reply 15 - Posted by: Pearson365, 1/15/2013 12:20:49 PM     (No. 9117798)

VAT would most likely be in addition to state & local sales taxes. If in place of, states and cities would be harmed, meaning higher income & property taxes. If, as most likely, in addition to, a VAT would make us still poorer as prices rise by 5% to 15% to cover cost of VAT while wages are frozen to falling.



  Click Here if you Like this Comment

   1  person like this.


Reply 16 - Posted by: Coy860, 1/15/2013 12:37:02 PM     (No. 9117829)

The costs to us would be astronomical!
Loggers cut logs, which are then taxed. They go to the mill and are cut into lumber, which is taxed again..lumber goes to the pencil factory, and the pencils made are then taxed, then the pencils are sold and are again taxed.. You get the message. Every step of production is taxed.

  Click Here if you Like this Comment

   1  person like this.


Reply 17 - Posted by: realrep, 1/15/2013 12:38:23 PM     (No. 9117834)

Wasn´t the idea of a VAT floated when PIAPS was the duo-POTUS? Also she had the idea of taxing homeowners on the income they make by renting their homes to themselves. Not sure of how the gov´t would determine the fair marked value....

  Click Here if you Like this Comment

   1  person like this.


   

 

R_DBL_B
  


 
Reply 18 - Posted by: lakerman1, 1/15/2013 12:40:58 PM     (No. 9117841)

Our 23 year old daughter lives and works in Canada,and is a big government liberal.
But when she comes home on a visit, she does lots of shopping, noting that cosmetics and such cost about 1/2 of what she would pay in toronto.
(I tried to see if she could connect canadian tax rates with product cost,and she can, but shrugs it off.)
So we see canadian buses full of shoppers, at the Millcreek Mall near Erie,Pa. They don´t stop in Buffalo, NY, because the sales tax on almost everyting is close to 10%, but the sales tax in Pennsylvania is not applied to clothing...

  Click Here if you Like this Comment

   1  person like this.


Reply 19 - Posted by: dvc, 1/15/2013 1:03:40 PM     (No. 9117898)

Great plan.

Like slipping a few bricks into the pockets of a drowning man.

  Click Here if you Like this Comment

   1  person like this.


Reply 20 - Posted by: dman, 1/15/2013 1:36:52 PM     (No. 9117976)

It has worked so well for Europe! /s

  Click Here if you Like this Comment

   1  person like this.


Reply 21 - Posted by: nonsense, 1/15/2013 2:06:54 PM     (No. 9118053)

No, No VAT. Why enable the Demonrats to tax everything and raise the tax every other month? Do not give the Demonrat tax and spend Leftists this much power over citizens.

  Click Here if you Like this Comment

   1  person like this.


Reply 22 - Posted by: veritas, 1/15/2013 2:15:50 PM     (No. 9118074)

All -- go back and read #7!

#7: Sincerest compliments from Schloss Veritas. That is a fine insight. Well done, well done.

All that said, larding a conventional VAT onto the poor, sway-backed-donkey of an economy sure won´t help any, and trying to root it out later? Think Sisyphus.

  Click Here if you Like this Comment

   1  person like this.


   

 



 
Reply 23 - Posted by: bighambone, 1/15/2013 3:24:26 PM     (No. 9118210)

Part of the liberal Democrats political taxing game is to always claim that they want to tax the rich to keep middle class taxes low. But there are not enough rich people out there to finance all the liberal Democrats social welfare programs, s after bumping up the taxes on the rich a few points, the liberal Democrats always end up raising up the taxes of the middle class, that game is played about every 20 years using the new generation of unassuming voters as bait.

  Click Here if you Like this Comment

   1  person like this.


Reply 24 - Posted by: PageTurner, 1/15/2013 3:29:20 PM     (No. 9118229)

From the Obama point of view, the beauty of the VAT is that it will entice low-information voters to blame the merchants and manufacturers - basically, the private sector - for the inevitable price hikes while the government skims all it likes off the top and escapes blame.

You can see the dynamic already in the way car drivers blame gas stations when oil prices go up. The VAT will be the same thing.

  Click Here if you Like this Comment

   1  person like this.


Reply 25 - Posted by: PoliticalJunky, 1/15/2013 4:06:15 PM     (No. 9118333)

I have been expecting a VAT for awhile. We have been replacing big items such as refrigerators, etc. so if it happens we can go for some years without big expenditures. When Carter was president, I spent. When Reagan was president, I saved. Now that Obama is president I am spending again before the money loses all value.

  Click Here if you Like this Comment

   1  person like this.


Reply 26 - Posted by: MickTurn, 1/15/2013 9:23:02 PM     (No. 9118903)

Yep, add it to the list:
The inheritance tax.
Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (currently 44.75 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Recreational Vehicle Tax
Sales Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Nonrecurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

STILL THINK THIS IS FUNNY?

  Click Here if you Like this Comment

   1  person like this.



Post Reply   Close thread 719090




Below, you will find ...

Most Recent Articles posted by "KarenJ1"

and

Most Active Articles (last 48 hours)




Most Recent Articles posted by "KarenJ1"



Progressive Insurance
National Review Online, by Victor Davis Hanson    Original Article
Posted By: KarenJ1- 4/15/2014 10:08:10 PM     Post Reply
How do you ensure that you won’t be ostracized, denounced, or fired if you are a media celebrity, captain of industry, or high public official? For some, sexist banter is certainly no problem. Stand-up comedian Bill Maher called Sarah Palin a c–t and a tw-t, but suffered no ill consequences. David Letterman joked on air that Sarah Palin’s 14-year-old daughter had had sex with Alex Rodriguez during a New York Yankees game. There was no downside to that either. President Obama tosses around “sweetie” as he wishes. No problem with that. No one believes Barack could be condescending to women.

Rory Reid Slams BLM as
´Losers´ on Nevada TV
NewsBusters, by P.J. Gladnick    Original Article
Posted By: KarenJ1- 4/15/2014 9:53:37 PM     Post Reply
Sheesh! Talk about a complete ingrate... Many people suspect that the Bureau of Land Management (BLM) instigated an over the top paramilitary confrontation with Nevada rancher Cliven Bundy at the behest of Senator Harry Reid especially since the new BLM director, Neil Kornze, was an aide to Reid. So how does Harry´s son, Rory Reid, thank the BLM rangers for putting their lives at risk over desert tortoises that are being euthanized by the Feds? Why, he slams them as "losers" on Las Vegas television station KSNV where Rory serves as a commentator from the left. You can see Reid in

Washington Elite Nutritionist Goes
After Bubba Watson For Celebrating
Masters Win at Waffle House
NewsBusters, by Tom Blumer    Original Article
Posted By: KarenJ1- 4/15/2014 9:39:38 PM     Post Reply
After his Masters victory, pro golfer Bubba Watson celebrated with his family at a Waffle House. Pictures tweeted from there went viral. Waffle House appreciated the appreciation. What´s not to like about this great story? Apparently some self-appointed nanny state-loving guardians of nutrition like Katherine Tallmadge believe that Watson set a bad example for Americans by eating there. Oh, and with her powers of telepathy, she just knows that Watson´s a complete phony about what he really eats. She went after Watson on one of Neil Cavuto´s Fox programs yesterday, and in doing so caught talk show host Rush Limbaugh´s

Biden Tells Boston Bombing
Survivors, ´It Was Worth It´ (Video)
Breitbart´s Instablog, by Debra Heine    Original Article
Posted By: KarenJ1- 4/15/2014 9:28:18 PM     Post Reply
Less than a minute into his speech at the Boston marathon bombing memorial on Tuesday, Vice President Joe Biden went tragically off script and told the crowd of Boston bombing survivors that "it was worth it." After expressing how impressed he was with the tribute, he said somberly, "let me say to those ´quote survivors,´ my God, you have survived and you have soared. It was worth it. I mean this sincerely - just to hear each of you speak. You´re truly, truly inspiring." The audience sat in stunned silence until Biden declared, "I´ve never heard anything so beautiful than

CNN National Security Analyst:
Right More Deadly Than Al Qaeda
Breitbart´s Big Journalism, by John Nolte    Original Article
Posted By: KarenJ1- 4/15/2014 9:21:28 PM     Post Reply
Without mentioning reports that the man accused of shooting up a Jewish Community Center over the weekend was apparently a fan of the left´s Max Blumenthal, CNN National Security Analyst Peter Bergen exploited the murders to claim the American Right is more deadly than jihadists. In fact, since 9/11 extremists affiliated with a variety of far-right wing ideologies, including white supremacists, anti-abortion extremists and anti-government militants, have killed more people in the United States than have extremists motivated by al Qaeda´s ideology. According to a count by the New America Foundation, right wing extremists have killed 34 people in the

Exclusive - Sen. Sessions Comes
Out Swinging Against Secretive
House Immigration Push
Breitbart´s Big Government, by Matthew Boyle    Original Article
Posted By: KarenJ1- 4/15/2014 9:07:41 PM     Post Reply
RAW VIDEO: Sen. Jeff Sessions sits for interview with WSFA 12 News Sen. Jeff Sessions (R-AL), the ranking member of the Senate Budget Committee and arguably the leading intellectual force against amnesty in Congress, is coming out hard against a proposal backed by Majority Leader Eric Cantor to grant amnesty to illegal alien DREAMers who enlist in the military. “We are now in a period of very large troop reductions. The last thing this nation should be doing is to provide those few slots to persons who illegally entered the United States or who overstayed their visas while denying young Americans the

Bill O’Reilly to Conservative Guest:
‘That’s Right-Wing Paranoia’
Mediaite, by Matt Wilstein    Original Article
Posted By: KarenJ1- 4/15/2014 8:55:54 PM     Post Reply
It’s not every day that Bill O’Reilly accuses someone else of expressing “right-wing paranoia,” but that’s what happened Tuesday night when he faced off with Fox News contributor Monica Crowley over a proposed solution to the controversy over voter ID laws. O’Reilly began his show by giving a soft endorsement to an idea put forward by former President Bill Clinton that would add photos to social security cards, which American citizens are already required to have in their possession. “I am all for combating voter fraud by using voter I.D.,” Crowley told O’Reilly. “My issue with the social security card in particular



Most Active Articles (last 48 hours)



Ben Carson: White House wanted
apology for ‘offending’ Obama

54 replie(s)
Daily Caller, by Alex Pappas    Original Article
Posted By: StormCnter- 4/15/2014 5:22:51 AM     Post Reply
Neurosurgeon Ben Carson says the White House wanted him to apologize for “offending” President Obama after he famously delivered a conservative message at the National Prayer Breakfast last year. Carson, the former director of pediatric neurosurgery at Johns Hopkins Hospital, recalls the events surrounding his 2013 speech in his new book, One Nation: What We Can All Do To Save America’s Future. The Daily Caller obtained an advance copy of the book, which is set for release May 20. “He did not appear to be hostile or angry,” Carson writes of Obama, “but within a matter of minutes after the conclusion of

Obama Generation Losing
Interest in Obama

46 replie(s)
Wall Street Journal, by James Freeman    Original Article
Posted By: Desert Fox- 4/14/2014 4:23:09 PM     Post Reply
President Obama inspired a generation of young people to support his historic election in 2008. And in 2012, despite the struggles of his first term, Mr. Obama still managed to win the support of a full 60% of voters age 18-29. But the man who once dreamed of being a transformative leader in the Reagan mold is inspiring few of those young people to follow his lead. "For all the talk about the movement that elected Mr. Obama, the more notable movement of Obama supporters has been away from politics. It appears that few of the young people who voted

Why You Should Be Sympathetic
Toward Cliven Bundy

44 replie(s)
Powerline, by John Hinderaker    Original Article
Posted By: Toledo- 4/15/2014 8:40:58 AM     Post Reply
On Saturday, I wrote about the standoff at Bundy Ranch. That post drew a remarkable amount of traffic, even though, as I wrote then, I had not quite decided what to make of the story. Since then, I have continued to study the facts and have drawn some conclusions. Here they are. First, it must be admitted that legally, Bundy doesn’t have a leg to stand on. The Bureau of Land Management has been charging him grazing fees since the early 1990s, which he has refused to pay. Further, BLM has issued orders limiting the area on which Bundy’s cows can

Chelsea Clinton no longer
ruling out politics

35 replie(s)
The Hill (Washington DC), by Judy Katz    Original Article
Posted By: JoniTx- 4/14/2014 11:57:36 AM     Post Reply
Chelsea Clinton says when people ask her these days whether she wants to go into politics, her answer isn’t an automatic “no.” The 34-year-old former first daughter told Fast Company in an interview published Monday, “for so long the answer was just a visceral no. Not because I had made any conscientious, deliberate decision, but since people had been asking for as long as literally I could remember, it was no." Now, the only child of former President Clinton and former Secretary of State Hillary Clinton explains, "I live in a city and a state and a country where I

Glaring limits of the Civil Rights
Act: We need to redistribute wealth

34 replie(s)
Salon Magazine, by Matt Bruenig    Original Article
Posted By: KarenJ1- 4/14/2014 7:20:41 PM     Post Reply
Although the Civil Rights Act, the landmark legislation which just reached its 50th anniversary, made great strides in desegregating the economy, economic discrimination is still widespread, and anti-discrimination legislation alone can never rectify the economic damage inflicted upon blacks by slavery and our Jim Crow apartheid regime. The Civil Rights Act was a mild reform, all things considered, but one conservatives fought with vigor and one many conservatives are still bitter about to this day. When the Civil Rights Act passed in 1964, the primary purpose was to root out discrimination in public accommodations (like hotels and movie theaters)

Megyn Kelly and the
Sandberg Head Shaker

32 replie(s)
American Thinker, by Richard F. Miniter    Original Article
Posted By: magnante- 4/15/2014 9:16:05 AM     Post Reply
Megyn Kelly’s "Kelly File" is a great news show. She’s incisive, informed and customarily handles the toughest guest with aplomb. But her lengthy interview of Facebook C.O.O. Sheryl Sandberg about her second book in the Lean In series Lean In: For Graduates was a head shaker. Amazing that she of all people allowed Sandberg to restring the same old, same old, shamed, and shopworn feminist myths about women and girls and then jangle it in front of her viewing audience like something new out of the box. Indeed Kelly all but genuflected in front of this woman. Kept her on thru

White is not right: Campus admins ask
for help weeding out white people

31 replie(s)
Daily Caller, by Robby Soave    Original Article
Posted By: KarenJ1- 4/15/2014 7:47:18 PM     Post Reply
Western Washington University sent a questionnaire to students asking them for advice on how the administration could succeed at making sure that in future years, “we are not as white as we are today.” The question notes that WWU’s racial make up does not perfectly reflect the nation at large, and asks students to consider strategies that other universities have used to focus on skin color as the paramount indicator of a student-applicant’s worth. The president of WWU has stated that his explicit goal is to reduce the white population on campus, according to Campus Reform. “I’ve said before and I’ll say it


Post Reply   Close thread 719090





Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google


© 2014 Lucianne.com Media Inc.

~~~c~~~