Posted on 10/10/2012 9:45:20 AM PDT by marktwain
Cook County Board President Toni Preckwinkle has floated the idea of a tax on guns and ammunition to offset a 2013 budget shortfall. Is this a good idea?
Nicknamed a "violence tax," a proposed Cook County tariff would hike up the prices of firearms and ammo as a way to take care of a 2013 budget shortfall, according to an NBC 5 Chicago News report.
READ: Check Out the Full NBC 5 Chicago News Story for More Details
The tax is being considered by Cook County Board President Toni Preckwinkle, who said it wouldn't just be used to fill a $115 million budget hole next year, the report stated. It also would try to stem Chicago's gun violence in light of the past summer's rash of shootings and the city's climbing murder rate, which is up 25 percent from last year, the report continued.
"It's a problem for us in our criminal justice system and it's a problem for us in our health care system, and I make no apologies for the proposal," Preckwinkle said, adding that the average shooting victim costs taxpayers $52,000 because almost 70 percent of them are without health insurance.
A similar proposal was introduced at the state level earlier this year and was criticized by gun rights advocates, the Huffington Post reports.
READ: Check Out the Full Huffington Post Story for More Details
"[It's] just another scheme concocted by the Chicago Machine to punish law-abiding firearm owners," Richard Pearson, executive director of the Illinois State Rifle Association, said of the earlier state-wide tax.
The "violence tax" is set to be introduced when Preckwinkle unveils her county budget proposal Oct. 18.
(Excerpt) Read more at tinleypark.patch.com ...
Gun control and gun taxes should only be for liberal Democrats.
Firearms, Ammunition: Better than fiat cash to store wealth
October 9, 2012
Concerned about the Obama administration’s reckless spending proclivities or the Fed’s monetizing debt rendering your greenbacks’ value deflated?
There are alternatives.
Firearms and ammunition have long been recognized as a viable store of wealth as they will seldom go down in value if maintained.
Here’s an article for your edification on this very subject!
Four alternative stores of value
http://www.gunssavelife.com/?p=2494
More money can be raised by taxing pants on the ground and flat brimmed hats cocked sideways.
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