Posted on 10/24/2011 7:14:33 AM PDT by governsleastgovernsbest
If Herman Cain has been harshly criticized for his 9-9-9 plan, which includes a 9% national sales tax, should we expect Robert Frank to come under fire? After all, on Morning Joe today, the Cornell University professor proposed a progressive consumption tax that could go to . . . 100% on the rich.
Frank's notion is that the very high rates would discourage the rich from building "mansions" [a term he used multiple times during his appearance]. And the taxes thus collected could go for things he thinks we need. For example, Frank incredibly claimed that in the US, "we don't spend on education," ignoring that we spend more per pupil than any country in the world other than Switzerland.
View the video here.
(Excerpt) Read more at newsbusters.org ...
Pernty-headed perfesser ping to Today show list.
Mansion = your house is bigger/nicer than mine.
The same could go for the Perry/Forbes flat tax......make it 100% and then allow exemptions for food, clothing, housing, healthcare, etc up to a certain limit determined by our new overlords.
All business taxes are eventually just passed down to the consumer.
Taxing the businesses more simply translates into fewer jobs and higher prices.
Sounds like those jackasses in England who want to tax the elderly out of their houses and give them to young families with kids. We can own guns in this country, the British cannot.
Also, a 100% exclusive rate sales tax as he defines it would be the equivalent of a 50% inclusive rate income tax. That's small compared to what some leftists want.
That yacht tax worked out so well, after all...
They also need to enact a 9-0-100 for Cornell Professors who don’t have the sense G_d gave a goose.
If the professor actually realized what he was saying, he would realize that the poor do not create many jobs, that the poor do no employ many workers, that the poor do not pay much in taxes anyway.
It is amazing how ignorant certain professors can be in failing to understand basic economic matters.
such selective sales taxes would mandate a national ID and tracking of 100% of all purchases. No ID no food.
(the net result would be the same as the luxury tax that killed the boat industry)
Oh, they would still be spending money and building mansions professor...just not in the United States...
Well there is a good reason not to care if you get into Cornell or not.
$40K/yr for idiocy?
At least the socialists at Community College are honest.
The last time you checked out, the feds did not have a direct interest in the purchase.
Everything is in place, save a little glue logic and legal green-lighting, for adaptive POS taxation. You swipe your credit card and this happens:
- ID is verified
- your to-date tax records are consulted
- the base sales tax is adjusted according to your recent earnings (remember how bounses etc are withheld at a much higher rate because the income trajectory looks like you’re moving into the next tax bracket)
- your health records are consulted (remember ObamaCare’s nationalization of health records?)
- sales tax is further adjusted (borderline diabetic? that soda gets a higher tax, but that treadmill gets a break)
- POS location history is checked for deviance from norm (a la standard credit-card security “you never purchased anything in person in Florida before, are you on vacation there or did someone steal your card?”, but now the feds have a taxation interest in card security)
- local police could be notified of abnormal card usage, and directed to check the purchase (say, cop assigned to a big-box store will now visit you while still at the register), and surcharge attached for the check
- while checking all this within seconds, might as well do more
- check most-wanted, APB, no-fly, and other lists for wanted & suspicious persons
- correlate purchases for suspicious activity (combinations of purchases may interest DEA, DHS, TSA, etc.)
- correlate “risky” behavior for further investigation and assistance (social/family services, ObamaCare, etc.)
Take time to look at how every website you visit can influence and target the advertising you see. Now imagine that targeting happening with the focus of law and backing of police.
Some loons defy understanding. Who builds those mansions? Who makes the windows, doors, appliances, carpet, etc. that goes into mansions? Where will all of those displaced workers get jobs?
Ever notice that these Commies prefer blue shirts when they wear a coat and tie? I’ve been noticing that for years, now. It’s become a uniform.
“No ID. No food”? UNLESS....you’re an Illegal Alien. “ID?! We don’t need no STINKING ID!”
“Because Mansions are built with magic pixie dust they don’t count towards hiring construction workers and building-supply manufacturers! They just don’t!”
And you put all the people who build mansions out of work!
I be that guy has never done an honest days work in his life!
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