Posted on 10/19/2011 9:19:20 AM PDT by sickoflibs
Now that President Obama and the Democrats have generated a projected record $10 trillion in new debt over the next 10 years, they are now singing their favorite song: We must raise taxes!
Sen. Dick Durbin, D-Ill., sent the first signal a few weeks ago when he said paying taxes is the price we pay for living in this great country. Never mind that we are paying too much and that too much of our money is being wasted.
One of the president's senior economic advisers, Paul Volcker, said recently in a speech that "we must raise taxes" to deal with the deficit. Never mind that the administration and the Democrats made an already bad deficit situation worse, and never mind that they were aware of the situation before they jammed the disastrous health-care bill through Congress for the president's signature.
It is outrageous that they have played the taxpayers for the sucker punch of the century. They ignored the coming deficits of Social Security, Medicare and Medicaid while passing the massive health-care bill. To make matters worse, Mr. Volcker is suggesting the dreaded value-added-tax, also called a VAT tax.
Please insert the scream of your choice right here if you already know the implications of a new VAT on this country. Otherwise, keep reading.
A VAT is not a single new tax. It is several new sneak-a-taxes. It taxes each phase in the development of a product or service until it is ultimately sold to the end user, and you also pay any applicable retail sales taxes. These intermediate taxes are passed along to the consumer and are reflected as a net increase in the price of the goods or service.
The doubly outrageous aspect of the VAT is that it is on top of all the other state and federal taxes we pay. Paul Volcker and the Democrats like the VAT because it is hidden from the clueless and uninformed voter, who will forget about it soon after it is passed if it is passed.
The VAT is also a cowardly tax increase because these same clueless and uninformed voters will easily blame the greedy retailers for raising the prices of their merchandise. And for the 50 percent of the taxpayers who have figured out how not to pay any taxes at all, this administration and Congress will find a way to give them a VAT exemption.
Just as Obamacare puts this country a giant step closer to becoming the United States of Europe, passage of a VAT would certainly seal the deal as the New Europe, which would be nearly impossible to undo. I said nearly impossible, not completely.
The answer to reducing the deficit and supercharging the economy is to replace the tax code with the single-rate Fair Tax(National Sales Tax). This solution assumes, however, that there is no continued increase in federal spending. With this administration and Democrat-controlled Congress, stopping the spending is completely impossible.
Obama and the Democrats in Congress would never consider the answer to reducing the debt and stimulating the economy I just proposed, because it does not achieve their goals of a government power grab, expanding the role of government in our lives or creating more social programs for the clueless and the uninformed so they will continue to elect and re-elect liberal Democrats to Congress and the White House.
Never mind what We the People want, but we will remember in November.
Thanks, a Perry-bot was claiming that Cain said a flat sales tax like Cain’s = a VAT so I found this to refute that.
The 999 plan isn’t a VAT, it isn’t even similar to a VAT. Cain has stayed consistent.
Ignore my last post.... I’ve had to say that so often here it is almost rote.
This proves that Cain is consistent with his position now AND then April 2010 on taxes.
No need to start your post with a personal insult to the OP.
Your point is the very point of the OP’s post.
This article is posted in refutation of that ridiculous thread by Polybius claiming Cain was for a VAT.
Paul hasn't gotten anything significant passed in his entire career. I think the only bills he's authored that were passed were simple statements (like awarding some congressional medal to a baseball player in his district). Phil Gramm once said Paul's bills were so poorly written and lacked any detail as to how, they couldn't even move in committee.
Seems the tea party may be losing momentum after months of body blows by the media and politicians on both sides of the aisle.
This government must be brought under control and there is no way on God’s green earth that can be done if they are given even more money to waste.
If we do not starve fedzilla it will only continue to consume much more than we can afford.
When ALL foreign aid is eliminated, a huge reduction in our handouts to the UN is stopped, all our troops are returned from Germany, Japan, S. Korea and any place which is currently not a hot war, and not a single penny to anyone here who is not in the country legally... Then, and only then, start looking at domestic spending but still no more taxes PERIOD.
I disagree that whether or not the cost of labor is deducted has anything to do with whether a tax is a VAT.
A VAT is literally a “value-added tax.” What it seeks to tax is the “value added” at each step of the process of bringing an item to market.
This, of course, not only adds a tax at every step of the way, it opens the process to political corruption because someone, out-of-sight, of course, gets to define what is “value” at every step of the process and then define when “value” is “added” and then define how to measure how much “value” was “added.”
It really doesn’t have anything to do with the cost of labor.
Further, I think those who claim the NRST is a VAT are not thinking at the level of sophistication you are anyway. They just see a tax on consumer goods and think “VAT.”
You are the third one to think I didnt read the article based on the character limited title. Anyone reading this will understand Cain said the VAT and national single level sales taxes were completely different back then as now.
This is a good thread and title. It will attract some of the people who have been misinformed about Cain, they might learn something and switch over.
As an aside, for those who claim one of the drawbacks of Herman Cain having not held political office is the lack of a record to review, this man in fact has a huge written record, not just of votes and such, but of his actual, substantive thinking and analysis on the issues of the day.
I’d take that any day or a political attendance record.
That was nice of you to handle it that way. Appreciate the civility.
Now, let’s get back to that “lineman’s push” I’ve been talking about.
That is inaccurate on so many levels.
[CITATION NEEDED]
I guessed you missed all the brouhaha about Cain supporting a VAT that was based on a false reading of an earlier article than his.
As for searching through the Cain archives, it’s a beautiful thing. Seeing a man who believes what he believes, then and now, is a beautiful thing.
It adds to the debate immeasurably.
A sign of the intensity of the debate. Which is a good thing (so long as people are nice about when they realize they didn’t read enough before posting).
I’m personally very happy with the degree of analysis going on re 999.
Bingo as I challenged it then/there with a link to this and pinged you and you thanked me. That whole post was so edited and excerpted it smelled like crap a mile away.
This is here to be used as needed. Like I said, I cant sell his bill for him like he has the power to but I can correct intentional misinformation.
I don’t see the Tea Party losing momentum at all.
The fact that we are having a huge and robust debate on a major tax reform proposal says it all.
When Steve Forbes ran on the Flat Tax years ago, he couldn’t even get conservatives all that excited.
The time is now! And this thing is picking up steam, not losing it!
Sorry, FRiend.
YOU made the statement.
YOU defend it with citations.
Thanks.
The 9-9-9 plan eliminates all hidden taxes. What you see is what you get. We cureently have all kinds of hidden taxes that are built into the cost of goods. We actually have what resembles several VAT taxes but implementation of 9-9-9 would kill those taxes in liu of visible taxes that all can comprehend. I ran my numbers last night and I would pay $8300 less federal tax/year under 9-9-9 than I pay right now. And I assumed that I buy 100% new goods, nothing used. Find a calculator and run your numbers. You might be surprised.
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