Posted on 11/17/2010 12:24:03 PM PST by BenLurkin
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(Excerpt) Read more at finance.yahoo.com ...
It is the peasants who must sacrifice.
Nope, nope, nope.
Once a national sales tax is implemented for any reason, it will be too easy to expand it to other products.
This is the camel’s nose under the tent strategy.
“People should not be afraid of their governments. Governments should be afraid of their people.”
V.A.T. tax, anyone?
I believe liberals use the threat of tax increases on certain things in order to stimulate the economy (ie people start buying it up before the tax goes in place).
I think that’s really their only strategy because they are always caught by surprise at the sudden drop in revenues AFTER the tax in whatever service or good, is implemented.
This is a tax in the name of social engineering.
Where is this guy from? I don't know anyone who calls it that. A buddy of mine from Oklahoma used to call it “Pawp”, and most of the folks I know call it soda. “Soda Pop”? Bizarre.
Cut
Spending
And repeat
Was this the same plan that had the “radical” plan to limit the yearly increase in spending to the inflation rate plus the increase in population PLUS an additional two percent. How can the government survive on that little? Although even that would be an improvement over Bush’s & Obama’s spending free for all.
Here in my neck of the woods (Indianapolis) I hear it called soda pop all the time and use the term myself pretty frequently.
Sorry, I drink tea, but I could see them tax that nationally for symbolism.
The author must be trying to be multilingual. I just call it "Pop" unless I am talking to an easterner.
Down this way we call it “Coke”. Don’t matter if it’s 7-up or whatever, it’s a coke—we’ll get specific and ask “What kind of coke do you want?” if there is a selection to be had.
“...they are always caught by surprise at the sudden drop in revenues AFTER the tax in whatever service or good, is implemented.”
It’s cuz thur stoopud.
In Boston you often hear tonic.
Funny you mentioned that some people see it as a bargaining chip on the Bush tax cuts.
Is A 6.5% VAT Coming?
Confirming once again that the clueless government would rather risk a populist backlash than actually cutting costs (recall that federal worker compensation has surged in the past 5 years), it appears that the long-stirring debate over a value added tax may be about to materialize into something tangible. Per Bloomberg, “Alice Rivlin, a member of President Barack Obamas deficit-reduction commission (and former Fed vice chairwoman), is trying to stir a debate over imposing a national sales tax to reduce the deficit. Rivlin, as part of a separate 19-member group sponsored by the Bipartisan Policy Center in Washington, offered a plan for a 6.5 percent national debt-reduction sales tax. Her recommendation comes as the presidents panel prepares a Dec. 1 report of options for Congress to trim the national debt.” Coming from a former Fed member, this is not all that surprising - after all, there is nothing to stir inflation expectations like a sudden 6.5% hike in all prices.
Continue http://www.zerohedge.com/article/65-vat-coming
If I switch from Jack and coke to Jack on the rocks, will the government will try to add a 6.5% tax to my ice cube tray??
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