Though economist Paul Krugman hastily tried to backtrack from his explosive remarks seemingly endorsing "death panels" Sunday, he routinely has bashed conservatives for using the term during the past two years. (AP Photo)
Posted on 11/15/2010 7:48:20 AM PST by KeyLargo
Krugman: Death Panels for Elderly Will Solve Debt Crisis
In an explosive interview Sunday on ABC's "This Week," liberal economist and New York Times columnist Paul Krugman discussed using "death panels" for the elderly to solve America's huge debt crisis. Though he's bashed conservatives for using the term for years, Krugman now acknowledges that severe health cuts for the aged and infirm now might be the right approach.
(Excerpt) Read more at newsmax.com ...
Though economist Paul Krugman hastily tried to backtrack from his explosive remarks seemingly endorsing "death panels" Sunday, he routinely has bashed conservatives for using the term during the past two years. (AP Photo)
Krugman first. I’ll be my own judge of whether or not they make my life better.
He wants the VAT also I like this take on it...
The man comes out for Death Panels and a Value Aadded Tax (which presumably will also apply to the additional coffins).
He called for this on ABC’s This Week with Christiane Amanpour and then attempted to soft pedal the Death Panels remark, but he means it:
...health care costs will have to be controlled, which will surely require having Medicare and Medicaid decide what they’re willing to pay for — not really death panels, of course, but consideration of medical effectiveness and, at some point, how much we’re willing to spend for extreme care...Now, you may declare that this is politically impossible. But medical costs must be controlled somehow, or nothing works.
It should be pointed out that this is coming from a guy that thinks the Fed isn’t printing enough money and wants inflation in addition to Death Panels and the VAT. Is this guy on a secret Committee to Destroy America, or what?
http://www.economicpolicyjournal.com/2010/11/krugman-im-totally-evil.html
Show of hands from those who didn’t see this coming...
The Krugman’s recieve the first exemption!
It is not a secret
The national sales tax, referred to as value-added tax (VAT), which governments across Europe use widely, will help cut the U.S deficit, Krugman argues. He conflates a national sales tax with a VAT. Nazis like Krugman always think "death panels" will fix the economy. This dude is on some heavy drugs.
Nonsense!!! With all the gov’t owned property which could be sold off to approved bidders, the debts could be greatly reduced. Ban the EPA from screwing things up nd it could work.
Sounds like Krugman is angling for a job with the Obama administration...
Oh, wait — he’s a columnist for the NYT - he ALREADY works for the Obama administration.
That MIGHT take care of the national debt/deficit problems all by itself.
So you mean... Sarah had it right all the time?
But I thought she was stupid and doesn’t know anything about anything?
As more seniors defect from the Democrats, calls for the Death Panels to be formed will intensify.
AMERICAN THINKER
November 15, 2010
A ‘death panel’ by any other name (updated)
Ethel C. Fenig
They laughed when Sarah Palin said Obamacare would require death panels to control medical costs. But for some reason no one laughs when New York times columnist Paul Krugman says the same thing. Maybe because he won—inexplicably—the Nobel Prize for Economics.
Are they SURE they want a lot of dissatisfied folks around with nothing to lose?
Please stop referring to Krugman as an ‘economist’. It is obvious that he knows nothing about economics.
Typical reaction from a self-loathing liberal.
Zenith Press Association
August 15, 2018
New York City
Former New York Times op-ed writer, economist and pundit, Paul Krugman, died today of complications from an infected ingrown toenail. Mr. Krugman, who was born in 1953, had just celebrated his 65th birthday.
Unfortunately, under the onerous provisions of the 2010 Universal Health Care Act, passed in the last year of the truncated Obama Administration, over half of the country’s physicians have abandoned the practice of medicine and care of patients. Most retired, cycled into pure research or found other occupations. Consequently, the increased wait times for patients to see a doctor for even the most serious conditions – in some cases up to 36 months – can run to 72 months for relatively minor health problems.
A family member – who wished to remain anonymous lest she be put on the “Do Not Treat List” at the Department of Death and Inhuman Services — declared that if his infection had been treated more promptly, Mr. Krugman, who was in otherwise good health, would have survived. Unfortunately, Mr. Krugman was over the cut-off age of 60 when the infection struck. Patients over 60 are listed on the “Non-Critical Condition List,” throwing them into the 72 month wait category.
Under the newly enacted Food Conservation and Recycling Act, his body was taken immediately to the Roosevelt Island Soylent Green processing facility.
-30-
(RAB/Zenith News Service Correspondent)
A doctrine that gives you, as an ideal, the role of a sacrificial animal seeking slaughter on the altars of others, is giving you death as your standard.
http://amberandchaos.com/?page_id=106
The next death will be your job because the New York Times is going Bankrupt. Paulie we have a GOP House no Bailout.
essentially, a VAT and sales tax have the same end result to a consumer. It just changes how the money is collected. In a VAT, parts of the sales tax are collected in stages, with the end result being the VAT added to the price. A Sales tax just tacks the tax on at the end.\
So a $1.00 item will be $1.10 whether there is a 10% VAT or a 10% sales tax
A 10% VAT is a 10% tax at every step of development A 10% sales tax is 10% ONCE.
E.G a product with 5 steps of development at 10% => ~50% tax
Hey Krugman you know you aren’t a young man so be careful what you wish for because it most likely will be you.
From the unthinkable to public advocacy. It is shocking that guy hasn’t been strung up already.
You first Paul!
wrong. A VAT only taxes the value added at each stage. It does not tax the total value of the product.
http://en.wikipedia.org/wiki/Value_added_tax
here is how it works:
Without any tax
A widget manufacturer spends $1.00 on raw materials and uses them to make a widget.
The widget is sold wholesale to a widget retailer for $1.20, making a gross margin of $0.20.
The widget retailer then sells the widget to a widget consumer for $1.50, making a gross margin of $0.30.
With a 10% sales tax:-
The manufacturer pays $1.00 for the raw materials, certifying it is not a final consumer.
The manufacturer charges the retailer $1.20, checking that the retailer is not a consumer, leaving the same gross margin of $0.20.
The retailer charges the consumer $1.65 ($1.50 + ($1.50 x 10%)) and pays the government $0.15, leaving the gross margin of $0.30.
With a 10% VAT:
The manufacturer pays $1.10 ($1 + ($1 x 10%)) for the raw materials, and the seller of the raw materials pays the government $0.10.
The manufacturer charges the retailer $1.32 ($1.20 + ($1.20 x 10%)) and pays the government $0.02 ($0.12 minus $0.10), leaving the same gross margin of $0.20. ($1.32 - $0.02 - $1.10 = $0.20)
The retailer charges the consumer $1.65 ($1.50 + ($1.50 x 10%)) and pays the government $0.03 ($0.15 minus $0.12), leaving the same gross margin of $0.30 ($1.65 - $0.03 - $1.32 = $0.30).
wrong. A VAT only taxes the value added at each stage. It does not tax the total value of the product.
http://en.wikipedia.org/wiki/Value_added_tax
here is how it works:
Without any tax
A widget manufacturer spends $1.00 on raw materials and uses them to make a widget.
The widget is sold wholesale to a widget retailer for $1.20, making a gross margin of $0.20.
The widget retailer then sells the widget to a widget consumer for $1.50, making a gross margin of $0.30.
With a 10% sales tax:-
The manufacturer pays $1.00 for the raw materials, certifying it is not a final consumer.
The manufacturer charges the retailer $1.20, checking that the retailer is not a consumer, leaving the same gross margin of $0.20.
The retailer charges the consumer $1.65 ($1.50 + ($1.50 x 10%)) and pays the government $0.15, leaving the gross margin of $0.30.
With a 10% VAT:
The manufacturer pays $1.10 ($1 + ($1 x 10%)) for the raw materials, and the seller of the raw materials pays the government $0.10.
The manufacturer charges the retailer $1.32 ($1.20 + ($1.20 x 10%)) and pays the government $0.02 ($0.12 minus $0.10), leaving the same gross margin of $0.20. ($1.32 - $0.02 - $1.10 = $0.20)
The retailer charges the consumer $1.65 ($1.50 + ($1.50 x 10%)) and pays the government $0.03 ($0.15 minus $0.12), leaving the same gross margin of $0.30 ($1.65 - $0.03 - $1.32 = $0.30).
I think what you are talking about is a cascading tax system, which what the VAT was designed to avoid-—where the full sales tax cost is passed on and on and on, getting larger.
“A VAT only taxes the value added at each stage. It does not tax the total value of the product.”
In the UK and in Canada, the VAT is on the TOTAL price of the item when sold at retail.
UK rate goes to 20% 1/1/2011
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/VAT/DG_190918
Canada varies by province, ranging from 5% in Alberta to 15% in Nova Scotia.
http://www.tmf-vat.com/international-vat-rates-2010/103-canada-vat-rate.html
So in actual fact, although the term VAT derives from “value added tax” they are sales taxes on the TOTAL price paid.
Letting the camel’s nose under the tent is really risky.
For instance the UK has a 28% tax on capital gains, and high income tax rates as well.
I would be reluctant to use wikipedia
as my basis for economic understanding.
“Your life is in their hands”
And your gold fillings are in their sights...
a value added tax is like a sales tax, only the money is collected differently. In a sales tax the money is collected once, at the retail stage. In a VAT, the value added is taxed at each stage of production. The end result is the same to you, the buyer.
Wait! But, but, he got a NO bell prize just like President Obama who knows nothing about being a president.
lmao! That sign is hilarious!
And we have skill sets they don’t want to face, believe me!
Oh sh_t, the cat ate my prize!
Roger that. (sheeeck)
The VAT is a horrible way to tax. It forces the burden of taxation at every level of production, and then requires producers to ask for rebates. The compliance costs are problematic, and it is a horrible burden for small businesses. Government loves it because it allows them to track goods through various stages of production - it is a very controlling form of taxation.
The VAT encourages companies to outsource as much production as possible.
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