Mark Steyn: U.S. business could be cooked in a VAT [Value Added Tax]

The Orange County Register ^ | March 26, 2010 | Mark Steyn

[2ndDivisionVet]

AT&T says they will lose about a billion dollars in this QUARTER due to ObamaCare. Do you think that businesses will put up with this or leave/shut down?

[crz]

They will leave, as will Deere and Cat and...

Deere and Cat have already been considering going out of the states. To SE Asia I hear. That is from the local Deere Dealership which is owned by the corp. They bought this dealership after the prior owner went belly up.

The manager was at a corp meeting where they discussed this move.

[Orange1998]

CAT made the same announcement and they have manufacturing outside US. Seems they are finally waking up to the bill.

[marron]

Dubai’s real estate market has been suffering lately. I think it is just about to rebound.

[Orange1998]

Just wait till everyone figures out that Companies will pay the penalty and drop coverage. Then the TAX FREE company paid premium will instead be paid with AFTER TAX money by YOU. Not only will you be paying the full boat you will be paying additional taxes on top of it.

[SnuffaBolshevik]

"They will leave, as will Deere and Cat and..."

Indeed. Both of these outfits have extensive factories all around the world. They could shutter their U.S. manufacturing plants and not miss a beat.

A shame really. Both are American icons, started in the early years of the last century by visionaries.

We are screwed. Thanks, Bam-Bam.

[Hojczyk]

Back in the early 70’s...Cat made just about everything in the U.S...I work for a general contractor and he bought a little D3 dozer...man he was so proud...than he found out it was made in Japan..he sent it back...bought a used one..

[Egg]

Not only will you be paying the full boat you will be paying additional taxes on top of it.

Ah, so that's what "we are the change we've been waiting for" means.

[crz]

Ya know..after this debacle is over and the Conservatives gain power back they need to cut and gut each and every social program in the government. Starting with the EPA and right down the HHS. The dept of interior must be made self sustaining or else it can go the way of the dinosaurs.

[blam]

"AT&T says they will lose about a billion dollars in this QUARTER due to ObamaCare. Do you think that businesses will put up with this or leave/shut down?"

You're the one who will be paying when the rates/prices are raised to compensate.

When Black people complain that they can't pay the new/higher rates, AT&T will be forced to provide them free service and your rates will go even higher to pay for that.

[2ndDivisionVet]

My wife and I have that Smart Talk phone from Wal-Mart: $45/month unlimited cell phone, text, browsing, etc. I also have Magic Jack on my PC. $20/YEAR!!

[2ndDivisionVet]

My wife and I have that Smart Talk phone from Wal-Mart: $45/month unlimited cell phone, text, browsing, etc. I also have Magic Jack on my PC. $20/YEAR!!

[knews_hound]

Pinging the Mark Steyn Ping List.

Welcome to the newest members of this ever expanding  list.

My apologies  for  not being able to Ping the earlier pieces.

A combination of very long hours at my job as well as  my "second job" have just not left a lot of time for FReeping.

As you can see, I have my hands full.



Other columns by Steyn can be found here;

I'm with the ‘intolerant’ Quebecers

SOFT FURNISHED DESPOTISM

On or off, please FReepmail me.

Cheers,

knewshound

knewshounds blog

[darkwing104]

Aren't you finished yet?

[mylife]

But...But.. Obama Promised a reduction in premiums...

[knews_hound]

Aren’t you the comedian!

I’m tryin man, I really am !

[knews_hound]

You have to admit I think, I am making progress !



Cheers,

knewshound

[darkwing104]

Aren’t you the comedian!

Just ignore me...Its the drugs.

[darkwing104]

Looks pretty good!

[knews_hound]

I hope you are feeling better.

It sucks being down like that.

Get well soon, K?

Cheers,

knewshound