Cue up “Tax Man” by the Beatles...
http://www.youtube.com/watch?v=Maz9ddxEQnM
Or..
Sunny Day, by the Kinks
http://www.youtube.com/watch?v=1h1oRP7FfBw
It would also give everyone puppies and unicorns, rainbow skies, and leprechaun gold.
Got a better idea. Unfunded pensions would put any private company in jail. Lets jail our politicians and work it out later.
Great idea.
BTW, Michigan’s only toll road was set up as a temporary toll for 10 years to get the highway paid for..... and that was nearly 50 years ago.
The worlds largest banana republic.
$4,400,000,000,000,000,000,000,000,000,000.00?
It would only take obummer 10 months to spend that.
Seven years of famine and pain. It seems vaguely Biblical.
This is possibly the stupidest tax scheme I have ever heard of, and that’s saying something!
And would this money go in a lock box? I wouldnt trust them to pay the debt off with it. Oh and would politicans be
exempt
Tax everything and wonder of wonders, all that “everything” goes away and there is nothing left to tax.
The “rich people” tax on yachts didn’t bring in squat because the Dems didn’t bank on the boat building industry simply leaving. Instead of more revenue, 55,000 people lost their jobs.
By the time the socialists realized they had screwed the pooch, it was too late. The jobs are gone forever. The industry isn’t coming back, even if the tax was/is repealed. Maybe it was, that I don’t know.
I asked my lib BIL if each of those 55,000 people that lost a job was happy now that they had gotten even with the rich. That plan worked out well. I swear there is a Monty Python sketch in there somewhere.
One big problem: if this tax passes, then taxable transactions mostly will vanish. I’d expect a general 90% reduction in taxable transactions. People and especially businesses won’t make non-essential transactions in general. This tax will encourage vertical integration of enterprises (which isn’t necessarily a bad thing) to decrease tax expenses.
People won’t get taxed to put things on their credit cards only to pay a tax to pay off their credit card with money that they paid a tax to deposit in the bank. They’ll just take their cash wages (taxed once) and pay the merchant.
bump
Right, the new tax would be extended forever and they would never get rid of the income tax.
I’ve got a better idea they have not thought about — cut everything! Everything not specifically enumerated by the Constitution gets cut. No more money appropriated, not one dime, unless the Constitution specifically says the Federal govt. is responsible to do it. After firing all the unnecessary federal employees from all the unnecessary departments and agencies, take all the money left after paying the legitimate bills and pay off the debt.
Wow. This has got to be the stupidest thing I ever heard. The economy would be dead in a week. This guy is even dumber than Boxer, who fell out of the stupid tree and hit every branch on the way down.
Except that NO TAX EVER GOES AWAY UNLESS THE COUNTRY DISINTEGRATES.
don’t worry
we will find ways to avoid taxes
look around you demon rats
it’s happening right now............
people are putting off purchases, making do
trading, going to church rummage sales, ain’t it just killing ya
learning how to do things without hiring YOU as their union labor, lawyer or CPA
or buying from your stores..............
economic power cuts many ways........
Try : “I thought you Republicans were worried about the deficit. Well I got the fix. Let the government take all your money in taxes and Democrats will give you what you need to survive, and be a good and productive and fair citizen. And you will never have to worry about the deficit again. ”
I have a better idea.
How about a "Democrat Free America."
That seems to be the only way to get back to the "Free America" our founders intended.