$1200!!!

[kevarc]

I dont have a problem with paying sales tax on a vehicle ONCE when you buy it. But nowadays, when people move from state to state, then end up paying the equivalent of sales tax again on the depreciated value of the car to the state they are entering. Thats just outright theft. Its a classic case of business and government working together to both gain at the expense of the average citizen. Auto industry lobbyists who went to state Houses selling a tax scheme that creates either a fiscal incentive for new car purchases whenever people move, or a windfall to states financially if the person balks at buying a new car.

Sort of a win-win-lose situation.

While Big Business is bad for business, Big Government isnt the solution, either. Especially when they are "in on it together".

Do you really believe that? If you do, you are in serious need of time off. Or you are having heat stroke. Or your meds are not working anymore.

Governments are just money pigs.

[Kenny1234]

Oh yea, man.

Business is sooooo innocent.

[kevarc]

Oh yea, man.

Business is sooooo innocent.

You get a check every payday from them don't ya? So you can't be totally against business or you would be living in a cave somewhere or on the public dole.

[Kenny1234]

You get a check every payday from them don't ya? So you can't be totally against business or you would be living in a cave somewhere or on the public dole.

WTF kind of logic is that? Where one gets a paycheck from is irrelevant.

You dismiss business co-involvement in a scheme which <obviously> benefits business too. And when you get called on your disbelief of the obvious, you bring irrelevance into the debate?

[rdamurphy]

A perfect example of the Politics of Envy.

http://www.nysun.com/article/66096?page_no=1

Robert

[kevarc]

How can you claim their involvement? Where is YOUR documentation for it? You made the claim, now back it up or shut up. Or is ok to make SWAG's?

My response was no more ludicrous than yours.

[rdamurphy]

It's all part of the demonization of business by the Left. That way more and more of the Prolateriat will applaud when the one true Peoples' Government takes control of business once and for all and confiscates the wealth of the Bourgeouis.

It's all in Marx's Manifesto, check it out: http://en.wikipedia.org/wiki/Communist_Manifesto

If you waste the time, er sorry, take the time to read it, you'll find all of Kenny's beliefs in there...

Robert

[zzmikezz]

Kenny1234,

The source of the paycheck is indeed irrelevant. However, some people receive Immanculate Paychecks while other receive simply filthy drafts on somebody else's bank.

Not only that, the act of depositing an Immaculate Paycheck is much akin to turning a Tibetan prayer wheel. It ennobles the recipient, who is now also converting his Immaculate Paycheck into an Immaculate Deposit in what is now, by virtue of that act, an Immaculate Bank.

This all stands in contrast to the rest of us, who must settle for filthy checks from evil corporations, to be deposited in dirty banks where we try, but never succeed, in laundering ours into Immaculate Dollars.

[jovet]

That is total bull. The Fair Tax is a very good idea and similar ones have been implemented in several others countries that certinaly don't have 60% taxation.

[rdamurphy]

Actually, the so-called Fair Tax isn't such a good idea. For one thing, they compute the percentages wrong, and it's higher than they say it is. In the second place, there's this little thing called the 16th Amendment that would need to be repealed first...

Robert

[jovet]

I think it's a great idea and have yet to see evidence to the contrary.

But if you can change my mind, please elaborate on the "percentages".

The 16th Amendment would be a piece of cake to "repeal" compared to some of the other obstacles of getting the Fair Tax implemented.

[rdamurphy]

For one thing, regardless of their protestations to the contrary, it is a regressive tax. There are an awful lot of "creative mathematics" in use to make it look like a 23% tax, and their arguments are pretty weak. In other words, If an Accountant can't put the numbers in columns and come up with the numbers, they're easily cooked. The assertion that it won't create a black market is simply silly. It is unenforceable.

My biggest problem is that if you go back to my original post, you'll find that it only replaces the "Federal Income Tax" - all of the others remain intact, and unless you repeal the 16th Amendment, so does the Income Tax. If you want to see how a VAT tax (which it is, regardless of their protestations to the contrary) take a look at the EU tax structure.

It doesn't replace any taxes, it only adds another, really big, one.

Robert

[Paul1953]

Havent heard the numbers from the Far East just yet Paul, but there are sources already proclaiming Black Tuesday. The TSE fell 600 points, Euro banks lost another 120 billion on the subprime fiasco, and guess whats going on on Wall St?

[rdamurphy]

They're taking the day off?

Robert

[zzmikezz]

I know that most people on this forum ignore me and what I write, but that’s fine. I may not have bowed and scraped and groveled and crawled and begged for admission to your admittedly fine little forum here, but that’s okay. As friends will attest, I frequently write at length for audiences of one, and if today I’m writing for an audience of zero, so be it. Nels and I agreed long ago that I retain the publishing rights to everything of mine that appears on both of his/Dan’s websites, and at some point I’m going to sweep all of this material together, edit it ruthlessly, and publish an e-book. Now . . .

I dearly hope that the Fed jumps in first thing on Tuesday and rallies the markets. The Federal Reserve has been injecting funds directly into the US banking system (and therefore indirectly into the international banking system) for quite some time now. In years past I would have opposed this, but not this year.

We can talk all we want about recessions being the way the capitalist system rids itself of inefficiencies created during the previous business upturn, and that they are an essential feature of a modern economy, just as forest fires are an essential rejuvenating feature of that ecosystem. We can talk all we want about how important it is that the people who bought the bad mortage loans ought to be punished in the marketplace instead of being bailed out, lest the people of the next generation get the wrong idea regarding how to go about making investments.

But the fact is, folks, that we are now staring down the barrel of a very big gun. For the first time ever we are confronted with the very real possibility of a collapse not just of one or two big US banks but instead of the entire international banking system.

I don’t know how you folks feel but I’m 64, and while I didn’t live through the Great Depression myself, all the adults I knew when I was growing up had lived through hard times, some having a very hard time indeed, like my father, who met my mother only because one frigid winter night he had sneaked into the basement of a NYC brownstone to sleep on the coal pile.

Get with the program, please. Sure, we absolutely want to make sure that this kind of thing will not happen again in the future - - subprime loans, creative accounting, Enron corners on regional electricity markets - - all the excesses of the whiz kids who Congress allowed to ignore the Glass-Steagal act along with so many other laws.

But that’s for later. For right now I’m setting aside my Libertarian inclinations and crossing my fingers, hoping that the Fed will be able to keep the big European and Asian banks afloat . . . Because if they can’t, we will very quickly be rolled back to the twenty-first century equivalent of 1932.

I’m not worried for my wife and I, we’re in the first phases of old age and what happens to us doesn’t really matter in societal terms. But I’m worried for my children, because they are raising my grandchildren If we don’t handle this situation reasonably correctly, the potentially upcoming world-wide depression is going to be ended only by a war of the the USA and its western allies against China and/or India and/or Russia.

I thank the Deity that I will not be around to have to witness this.