Obamarama

Dave,

I understand the point you are trying to make, but it is still a regressive tax. If a lower income person engages in any of the transactions that the tax covers, they will be taxed equally (percentage wise) to someone of a higher income stature. Yes, the higher income person will likely engage in more transactions, but they don't have to either.

Most economists will refer to flat taxes, sales taxes and exise taxes as regressive, because it isn't a tiered system where the higher income folks pay more and the lower income folks pay less (or nothing). This tax would fall into that category.

I agree how this bill could breed a heavier reliance on cash or transactions not subject to the tax. That's the thing that cracks me up. These politicians come up with new tax schemes thinking they can guarantee more revenue, and we can usually find a way around it, so they don't produce the revenue they thought. Meanwhile, they keep spending and find themselves in a pickle when they have a deficit.

Here's a novel concept...stop spending instead of trying to figure out ways to increase revenue.

If you or I were struggling to make ends meet, we would typically find ways to spend less money in our household to balance the budget. Yes, we could possibly look to increase revenue too, but that isn't always feasible and we don't have the power to just make it so. I would love to see Washington apply this same sort of principle and stop coming up with more ways to tax and already overtaxed populace.

Something that also strikes me as funny is that a lot of these politicians don't get it. Have you ever looked at revenues related to tax policy? Most of th time revenues go up when taxes are cut. The way the politicians behave, it is like they totally ignore that data. Or, at least many of them do.

Riley wrote: I'm waiting for them to figure out how to tax internet commerce.

Careful what you wish for..... They are working on it!!!

Okie Boarder wrote: Here's a novel concept...stop spending instead of trying to figure out ways to increase revenue.

Exactly

I hope it os televised when Nancy Pelosi has to hand over the Airplane

be an American, if every family in the US sent Uncle Sam a check for $86,019.00 we could wipe out the national debt....get out your checkbook, a few years back it would be possible to run to the bank and get a check that big

Eric, I don't know how the forecloser crisis will work out, but it amazes me how poorly the money and legalities are handled. If I was in forecloser, I would think it was a good thing the paper work was all screwed up. In Maine appraisers have done very little forecloser work. The lenders have relied on broker opinions. I hear USDA loans are the new sub prime loans. All the players seem the same to me.

Jesse made some very interesting discoveries. If there is any truth to what he discovered the governmnet will surely put an end to that show. I for one side with him as many experts do agree on climate changes being a normal occurance. The idea that Al Gore and others are profitting from a media spun scare seems very plausible.


The airport and underground bunkers saving the "chosen ones" is another avenue where I believe our government knows more than the average citizen and is looking out for only themselves. Once again if this becomes questioned Jesse will be stifled.

eric lavine wrote: im going to see if i can be Jesse Ventura's side kick on his new show "conspiracy theory" I was glued to the TV last night, underground bunkers for 2012 for the rich, global warming. the taboo has been placed on conspiracy's over the years, kinda like the boy that cried wolf, but one day the boy did get ate by the wolf

That guy there is freeking joke!!!

wrestler gone bad? actor gone bad over there in Cali? you boys out west might be smoking bud legally by year end

I'll use a word that comes up often.. "not on my watch"
If i do recall...... maybe that was pre voodoo obama, He jumped back into the past '
Bush, sure good for personal gain monitarily, as for the country, he gets an f minus.'
btw, right now is not a good time for tax cuts.

skicat2001 wrote: OverMyHead wrote: skicat2001 wrote: I really like the woman up there, can not think of her name. Yea, I will never forget old whats her name. Christine O'Donnell.. Great women, awsome views. Shawn Hannity the man, interviewed her the other night. She spoke of the US Constitution and how the it is the country's backbone and what I stand for. She has got my vote.

Ha ha, Christine O'Donnell? The witch? Really? And Hannity? You should watch Christopher Hitchens B-smack him. Hitchens Hannity

Hitchens? What a fking joke?? Give me a break, he is in same line as Woppie freking Goldberg. Both dumb asses that dont see the real point.

skicat2001 wrote: Hitchens? What a fking joke?? Give me a break, he is in same line as Woppie freking Goldberg. Both dumb asses that dont see the real point.

He is a joke with regards to how he supported the invasion of Iraq. Other than that his knowledge on history and religion are second to only a few. And he is certainly regarded as an intellectual.

And what is the "real point" you speak of?

Half of American households get Govt benefits, HALF...think about that.

Source: Entitlements grow