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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!

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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?"

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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.

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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.

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

It had damned well better not be inevitable.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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

Not unless the House caves.

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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.

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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.



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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.

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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....

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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...

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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.

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

It has worked so well for Europe! /s

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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.

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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.

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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.

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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.

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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.

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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?

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Detroit Free Press, by Niraj Warikoo    Original Article
Posted By: Ribicon- 3/29/2014 11:28:34 AM     Post Reply
With studies showing widening economic gaps between whites and African Americans, civil rights leaders in metro Detroit are concerned. “We’re going in the wrong direction,” said Freda Sampson, a leader with the nonprofit group Michigan Roundtable for Diversity and Inclusion. “We’re getting further and further divided.” To help close that racial and class divide, her group is holding an all-day conference, called the Equity Action Summit, on Saturday at Cobo Center in Detroit. (Snip) Saturday’s conference, supported by the NAACP and Fair Housing Center of Metro Detroit, is to feature talks by President Barack Obama’s former pastor, the Rev. Jeremiah

Bill Clinton rewrote his speeches to praise
Hillary as he begun affair with Monica Lewinsky

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Daily Telegraph (U.K.), by Joanna Walters    Original Article
Posted By: Desert Fox- 3/29/2014 7:43:39 PM     Post Reply
President Bill Clinton´s guilty conscience over his affair with Monica Lewinsky – and a desire to repair his shattered reputation by using the State of the Union address – set his speechwriters an unenviable task, newly released archive papers reveal. The former president appeared to be trying to butter up his wife, Hillary Clinton, out of guilt – or perhaps to fool her – before the scandal broke. And he was determined to try to convince the American public afterwards that he was still of a high moral character. The latest batch of documents from the Clinton Library covering his presidency in the


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