Skip to comments.Taxes likely to rise eventually to tame deficit
Posted on 04/06/2010 5:36:44 PM PDT by BigtigermikeEdited on 04/06/2010 5:41:04 PM PDT by Admin Moderator. [history]
The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White House adviser Paul Volcker said on Tuesday.
(Excerpt) Read more at guardian.co.uk ...
Had enough yet?
These people are making me angry.
But..But....But...He promised that no one under 200,000 will..? Vat! Carbon tax! Energy tax!
Well, I’m just shocked, just shocked!(sarcasm)
There is a reason why I hated him..
People for the most part refuse to believe that the coming NWO is real.....
America is the frog in the pot and won’t know what’s hit it until we are boiled.
Here it comes folks. We must fund entitlements and pensions. A vivid demarcation line will become more and more apparent.
The TEA (taxed enough already) party needs to be joined by a SEA (spent enough already) party.
The socialism freight train hitting us will take a 100 years to undo. Castro and Chavez are pleased.
When I first saw the headline, I misread it as: “Texas likely to rise eventually to tame deficit”. I liked my headline a whole lot better :-)
Paul Volcker is slime in my book!
Anyone who promotes fiat money as if was real and honest currency, is a liar to the core!
Oh yeah, the US will raise taxes further. There is no doubt about it. A VAT is probably coming, the left/media have been floating that balloon for quite awhile now.
I see no evidence yet that the American public will seriously resist still further taxation. There is some grumbling now, but it isn’t enough to dissuade the Democrats from doing whatever they want.
I just hope we haven’t reached that point where the leechers outnumber the productive people consistently at the ballot box. We are dangerously close already.
The United States should consider raising taxes to help justify yet higher spending. Every dollar of new taxes will justify 2 dollars of new spending, not to mention that higher taxes will depress business and probably lower revenues.To generate large amounts of real revenue the government needs to impose a 10% wealth tax on everyone's net worth. It would raise tons of new revenue in one year. Of course, everyone with enough assets for a plane ticket will be trying to emigrate and the second year will be a little less.
“People for the most part refuse to believe that the coming NWO is real.....
America is the frog in the pot and wont know whats hit it until we are boiled.”
I agree! What is it gling to take before the general public wakes up? As long as they can pay for their beer and cigarettes, they don’t care.
The real reasons for a VAT in the future in the U.S.:
1) Less income for the average taxpayer means less income tax paid, we can’t have that.
2) To get their share of the underground economy. Go ahead and earn your money off the books, but we’ll get you when you spend it.
3) It’s easier to keep the relatively small number of businesses in line than to be chasing down individual taxpayers.
4) To get more money out of honest rich people who don’t have income but are living off their accumulated wealth.
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