Global Warming on Free Republic
Posted on 11/26/2012 4:04:37 PM PST by Tolerance Sucks Rocks
Obama’s former chief economist Larry Summers thinks that one way to break America’s fall off the over-reported fiscal cliff is to raise taxes to the level they were under Clinton’s administration. Echoing Paul Krugman’s 90% tax rate nostalgia and pointing out that it was conservative icon Ronald Reagan who cut taxes to 50%, he said, “It’s hard to believe that raising the top tax rate to 39.6 percent — where it was under President Clinton — will do grievous damage to the economy.” Of course, Reagan also cut the top tax rate to 28% in his second term, but that’s beside the point.
Raising already existing taxes is only one way to cushion our fall. Summers, a professor at Obama’s alma mater, is certain that soon we’ll have taxes on carbon, energy and junk food. In fact, he was surprised that Americans didn’t yet have a tax on carbon and energy, considering that carbon and energy usage is directly related to the solar cycles that affect global temperatures. Or so liberals think. Taxing such usage will surely convince the sun to alter its behavior so that the average global temperature will go down a couple degrees and stop all the hurricanes from ruining everybody’s lives. And if taxing doesn’t work, just tax more.
(Excerpt) Read more at godfatherpolitics.com ...
I would consider this to be a regressive tax on the poorest among us. The leftists have no shame.
Nanny State PING!
did they include a tax on Christamas sweaters for pet unicorns?
that could help.
Global Warming on Free Republic
This is not about raising revenue, it’s about punishing behavior they don’t like.
They can take my life but they can never
take my Twinkies!
LOL
“In fact, he was surprised that Americans didn’t yet have a tax on carbon and energy, considering that carbon and energy usage is directly related to the solar cycles that affect global temperatures”
And how precisely is that related Larry?
The last twinkie is a freeper....
Listen folks, these bastards are going to try to tax everything. They are simply NEVER going to cut spending.
You are already seeing the rationale building for nothing but tax increases.
Oops, sorry, the Twinkies are already effectively removed from the market.
Only the very wealthy or very extravagant may have access to them now....
Taxing “junk food” as a revenue source is the equivalent of spitting in the ocean. The tsunami thus created will in all probability escape any notice.
I will probably catch a lot of flack for saying this, but the proposed junk food tax is one of several situations where when we don’t control ourselves, our meddling government steps in and does it for us.
Might as well try food.
We tried to warn people.
The next thing that will be taxed is the air that you breathe - oh, wait - it already is.
Never mind.
What part of Art 1, Sec 8 of the Constitution of the United States gives Congress the authority to do that?
/johnny
Laffer will be laughing.
Smokers have been telling us for years that something WE love will be taxed and punished by the government someday soon. The Left never stops.
Before you know it, there’ll be a tax on mountain climbing equipment.
But AIDS... heck, the gov’t will encourage you to get that.
One just doesn’t know whether to laugh or cry...
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