View Full Version : Obama Economic Adviser Says U.S. Should Consider 'Value Added Tax'
funkfool
04-07-2010, 14:30
I'm sure you have all heard by now... but here ya' go...FYI.
Great... just what I want. A freakin' VAT tax... [Rant2]
http://www.nypost.com/p/news/national/bam_man_pitching_national_sales_TyKWnlkz2W09rQuHKP Jx4J
http://www.nypost.com/rw/SysConfig/WebPortal/nypost/images/nyp_logo_230x32.png
Updated: Wed., Apr. 7, 2010, 8:57 AM
Bam man pitching national sales tax
By GEOFF EARLE in Washington and TONY DAVENPORT in NY
Last Updated: 8:57 AM, April 7, 2010
Posted: 3:14 AM, April 7, 2010
Acknowledging it would be a highly unpopular move, White House economic adviser Paul Volcker said yesterday the United States should consider imposing a "value added tax" similar to those charged in Europe to help get the deficit under control.
A VAT is a national sales tax that, like state and city sales taxes, would be collected by retailers.
Volcker, at the New-York Historical Society, told a panel on the global financial crisis that Congress might also have to consider new taxes on carbon and energy.
"The President has passed historic tax cuts for middle-class families and continues to push for more tax cuts. The President is not proposing to cut the deficit at the expense of middle-class families," said a White House official asked for comment.
The VAT suggestion was immediately met with outrage by Republicans.
"It shouldn't surprise anyone that the Obama White House would advocate a European-style tax to help finance their European-style government health-care plan," said Brian Walsh, a spokesman for the National Republican Senatorial Campaign Committee.
"When you hear things like this, though, it's almost as if the Democrats think the American people will forget that we're in this situation because of their reckless spending agenda."
Volcker, a former chairman of the Federal Reserve, told the global economic panel that a VAT is "not as toxic an idea as it has been in the past."
He added, "If, at the end of the day, we need to raise taxes, we should raise taxes."
The tax has long had backing from House Speaker Nancy Pelosi (D-Calif.), who last year said it is "on the table" for dealing with the country's fiscal woes.
Some say the tax can be a good way to raise money because -- depending on how it's imposed -- the burden does not have to fall on the consumer alone.
A VAT can also be imposed down the line on manufacturers, producers and any other business that adds value -- as well as retailers.
Presumably, each could be asked to pay a smaller amount, since the burden would be spread out.
Also, since the government would be collecting at each step of the manufacturing process, if a retailer cheated, the taxman wouldn't be left completely in the cold, because levies would have been collected at earlier steps leading up to the sale.
A major reason the tax is so hated is that it does not eliminate sales taxes, but is charged on top of them.
It's a quick way for governments to raise cash, but the tax could wind up being a burden on the poor, critics say.
The VAT idea has percolated in Washington over the years, but lawmakers have always resisted it.
The US budget deficit is expected to reach $1.5 trillion in fiscal 2010. With Reuters
geoff.earle@nypost.com (geoff.earle@nypost.com)
ChunkyMonkey
04-07-2010, 14:33
VAT is MUCH better than income tax... I hope they dont try to impose BOTH VAT and income tax though.. I'd move back to Singapore tomorrow.
It sounds like they are thinking of using both taxes at the same time. I'm reading the wiki page on VAT to try and understand what it is.
VAT is MUCH better than income tax... I hope they dont try to impose BOTH VAT and income tax though.. I'd move back to Singapore tomorrow.
They are... Both... Oh,, and VAT is a little differant than a National sales tax..
It sounds like they are thinking of using both taxes at the same time. I'm reading the wiki page on VAT to try and understand what it is.
A VAT, taxes every step of the way basicly.. all it really does is add more to the cost of production and selling.. of everything.. Think of double, triple, quadruple taxes..
ronaldrwl
04-07-2010, 15:11
"The President has passed historic tax cuts for middle-class families and continues to push for more tax cuts. The President is not proposing to cut the deficit at the expense of middle-class families," said a White House official asked for comment."
Where the hell are the tax cuts?
The ones that expire next year...
Courtesy of reddit, a huffpo post saying that 47% of households don't pay any taxes. This is higher than the 35% figure someone mentioned the other day.
http://www.huffingtonpost.com/2010/04/07/income-tax-47-of-american_n_529059.html
What's wrong with this picture?
A family w/ 4 kids bringing in a total of $50k a year has no tax liability. I have no idea how hard it is to keep your head above water with a household of 6 at $50k a year... it's probably a lot easier out in Pueblo than it is in Denver.
A lot of these temporary tax credits will evaporate as the latest "recession" ends, the real question is can we even get back to deficit flat or even reduce our deficit?
I couldn't imagine bringing in only $50k and keeping our head above water with my family of 3...
I see no good coming from this. Definitely no value added.
If they use both VAT and sales tax at the same time, they need to just call it a Tax Added Tax, because that's all it is.
funkfool
04-07-2010, 16:53
I see no good coming from this. Definitely no value added.
Excellent post.
http://i106.photobucket.com/albums/m265/fungusboy/COMEDY.gif
Dalendenver
04-09-2010, 18:41
When I was in Law school my tax law professor talked about a national sales tax. This was before the liberals took over control of the state colleges. The idea was to replace the income tax with what is now called a value added tax, not put it on top of. There are actually some real advantages to a VAT. It removes the need for the IRS and all of their abuses. It removes all of the politically motivated exceptions and exemptions (tax shelters) in the tax code. It encourages savings since you would not be taxed on money not spent. It applies equally to all levels of income, if you are rich and buy more expensive items you pay more taxes but the same percentage wise. A person buying $10,000 designer dresses will pay more tax than someone shopping at WalMart for their clothes. But the same percentage of purchase price.
Not proposing it as a solution, just presenting some of the advantages. If they try to impose it on top of the income tax we need a definite revolution at the ballot box.
If, it replaced it yes.. The way they want to do it.. it will be in addition with what is now in place.. THAT, is the problem.
Dalendenver
04-10-2010, 00:05
If, it replaced it yes.. The way they want to do it.. it will be in addition with what is now in place.. THAT, is the problem.
Absolutely agree. Just a way to impose more taxes allowing more spending creating more control over our lives equaling less freedom or liberty.
Rust_shackleford
04-18-2010, 08:08
Glen Beck thinks it's a good idea too!
http://www.therightscoop.com/glenn-beck-we-need-a-2-vat-tax-to-fix-the-economy/
The difference between the plantation and our current system? The Plantation paid for the chains.
Americans will see taxes and Government grow, but services will diminish.
Have they ever heard of "stop spending" its this thing that I picked up when I was young whenever I ran out of money.
Delfuego
04-18-2010, 09:47
If Glenn Beck thinks its a good idea, it must be a dumb as rocks idea. Beck is a turd burglar who knows nothing about economics.
If Glenn Beck thinks its a good idea, it must be a dumb as rocks idea. Beck is a turd burglar who knows nothing about economics.
He gets economical advise from experts and uses his show to get the word out. That's what I see anyway.
Rust_shackleford
04-19-2010, 09:21
He gets economical advise from experts and uses his show to get the word out. That's what I see anyway.
He's a schill for the banksters
He's a schill for the banksters
What proof do you have to back up your claim?
Respectfully, I have just seen the left attack someone like this to many times to fall for it anymore. If you can't attack someones claims attack them personally to take attention away from it. (e.g. call them racists, say they are going to be violent...)
Rust_shackleford
04-19-2010, 10:45
What proof do you have to back up your claim?
Respectfully, I have just seen the left attack someone like this to many times to fall for it anymore. If you can't attack someones claims attack them personally to take attention away from it. (e.g. call them racists, say they are going to be violent...)
So you see the attacks on the Tea Party? This is State sponsored and you will see a false flag attack blamed on Conservatives soon.
I am a Republican Delegate, not a leftist operative. You can come to Loveland next month and see me support Bob McConnel & Dan Maze. True Conservatives that believe in the Constitution.
Beck works for : http://www.youtube.com/watch?v=0K2pLo8JV5Y
Beck has stated global warming is real, we know the banksters see a new tax paid to the PRIVATE federal reserve(cap & trade) USA today weekend.
“You’d be an idiot not to notice the temperature change,” he says. He also says there’s a legit case that global warming has, at least in part, been caused by mankind. He has tried to do his part by buying a home with a “green” design and using energy-saving products. “I’m willing to do anything but use the CFLs,” he says of compact fluorescent light bulbs. “I put them in once and couldn’t stand the way they lit up the room.” Beck USA Today Weekend 3/10
He has called for VAT, http://www.therightscoop.com/glenn-beck-we-need-a-2-vat-tax-to-fix-the-economy/
More:
http://www.youtube.com/watch?v=L6C6E6ayh4U
Just Weird:
http://www.youtube.com/watch?v=BQnfJeUzzKk&feature=related
http://www.youtube.com/watch?v=qQc_TH4iVV8&feature=related
http://www.youtube.com/watch?v=KkbclcQKSkQ
That is some fancy editing video you got there. Do you have anything that he's said that hasn't been taken out of context? Sure media types are stupid there is no 2 ways about it. They call a .22 rifle everything in the book but a .22 rifle just to be sensational. But they live in New York where only criminals and politicians get to own guns. So they might think a .22 is an AK-47 assault rifle with the shoulder thing that goes up. But that doesn't make it true. I hold nothing against Beck. Until he does a 180 and starts telling everyone Obama is the greatest thing is fried lunch meat I think he is telling as he sees it and it may not align 100% with our thinking but at least he's trying to do something besides offer to wipe Obama's butt. It will change though as it always does the political wind is very cylindrical and goes from one side to the other. A third party in enough numbers big enough from both sides may get a job done. Not change but a road block to change we don't need. Small scale should be their goals. Start with Denver I say. Then see where it goes from there. The left is out completely and if conservatives want in they are going to have to commit to America for the long haul. And enough of the personal attacks. Do you have anything you want to say about the message? If Jesus Christ came back today saying the exact same thing what would you have to say about it? You couldn't say Jesus was just a shill for the bankers you would have to be more creative.
Global Warming is real it starts in Febuary and last about six months and in August when the liars and con artists are in full swing to tax and spend their way into retirement the Global Cooling happens. I call it spring summer fall and winter. Summer sounds like a good girls name doesn't it? I don't think I'm going to name any of my kids Global anything. Think of the name calling in school?
Troublco
04-19-2010, 21:07
It wouldn't replace anything, just be added. Another step toward the socialization of the country.
I'm really getting tired of the "Europe does it, we should do it too" philosophy. I seem to recall that we SEPARATED from the European way of doing things around 234 years ago.......
funkfool
04-21-2010, 16:42
What proof do you have to back up your claim?
DOC: Hear! Hear!
Tell us Rust... Tell us.. won't you please?
And off topic we go...
(BTW: If you really want to discuss this in further depth...we should start a new thread...) :-)
So you see the attacks on the Tea Party? This is State sponsored and you will see a false flag attack blamed on Conservatives soon.
What does this have to do with your proclamation RE: Beck: "He's a schill for the banksters"?
I am a Republican Delegate, not a leftist operative. You can come to Loveland next month and see me support Bob McConnel & Dan Maze. True Conservatives that believe in the Constitution.
Classic... put out a challenge as some sort of 'proof' of your position.
Again:
What does this have to do with your proclamation RE: Beck: "He's a schill for the banksters"?
BTW: Bob McConnel looks legit... but Dan Maze? Never heard of him.
Beck works for : http://www.youtube.com/watch?v=0K2pLo8JV5Y
Ok - so if YOU work for someone then YOU MUST be pushing for the exact same agenda....
IE: Beck works for FOX, Murdoch owns FOX, ergo Beck is Murdochs puppet.
Is THAT what you hope to imply?
If so - I guess you haven't watched the show even ONE time all the way through.
MANY times he states on the show that he is a political 'commentator' and his opinions are his own and he urges viewers to find thier OWN opinions and read up on the issue discussed to validate the facts as they see it for themselves...
Also - I have heard him say things on the show about his employer (FOX) that if I said it about my employer - I'd get fired.
Not buying your premise here.
Beck has stated global warming is real, we know the banksters see a new tax paid to the PRIVATE federal reserve(cap & trade) USA today weekend.
“You’d be an idiot not to notice the temperature change,” he says.
This is just so ridiculous as to be foolish.
A misleading, out of context, obvious manipulation of a portion of a statement....
He says these things on the radio show in jest then follows them up by making it into a joke about how insane it is to believe that the current temperature (warm or cold) can be used for any long term projections on planetary temperature.
If it is a blizzard it is global cooling...
If it is a heat wave it is global warming
It is ALL global climate change and it is all used to perpetuate a myth that it is caused by humans.
How convienient for you.
Beck is NOT a global warmist - if you had EVER watched you could have deduced that for yourself (maybe... maybe not)?
Additionally, Beck is AGAINST the Tax and Cap (he has stated that quite often).
"I think the important thing to point out here is that one can both believe in anthropogenic climate change (or at least that man is contributing to climate change) and still believe that the government’s proposed solutions are wrong, potentially harmful, and quite probably bound to do more ill than good."
http://trueslant.com/erikkain/2010/02/24/glenn-beck-youd-be-an-idiot-not-to-notice-the-temperature-change/ (http://trueslant.com/erikkain/2010/02/24/glenn-beck-youd-be-an-idiot-not-to-notice-the-temperature-change/)
What was done is called 'misrepresentation of position' - and it is you who are being manipulated...
And by repetition, trying to manipulate others.
Not buying it.
He also says there’s a legit case that global warming has, at least in part, been caused by mankind. He has tried to do his part by buying a home with a “green” design and using energy-saving products. “I’m willing to do anything but use the CFLs,” he says of compact fluorescent light bulbs. “I put them in once and couldn’t stand the way they lit up the room.” Beck USA Today Weekend 3/10
Again... misrepresenting intent here...
Because he said he bought a 'green' home?
He's got the money..
If I could get a home that used less utilities...
And thus cost less to operate..... (Who wouldn't)
Or if I said - "hey, sure... I'll do what I can -when I want to..." (but don't force it down my throat with laws and huge fines.)
So - have you used CFL's?
I don't like them either and won't use them...
Does that make ME a proponent of 'man made global warming'?
Using the 'logic' you have displayed here - quite possibly.
Question:
How do you make it through the day with the information you deem valid in this manner?
Haven't you heard of the scientific method and tried to apply it to things you hear on TV or read on the internet?
Taking snippets of second-hand information or clips of videos you see in the 'hithersphere' and repeating it as gospel is foolish.
You obviously have intellect... please use it.
He has called for VAT, http://www.therightscoop.com/glenn-beck-we-need-a-2-vat-tax-to-fix-the-economy/
What is this site?
(The Right Scoop? - With no 'Who we are" information on the site?)
"Beck is serious – it must be a constitutional amendment or he won’t support it. "
I'm not real sure that the 'HEADLINES" they post truly convey the 'content' of the articles and clips they showcase...
Do you actually buy ALL the information that is being conveyed on this site?
Hmm.
I heard him speculate on his show that VAT might be better than the CURRENT tax situation where you have however many thousands of IRS agents and 80,000 pages of IRS codes.
So?
Rust...
Tell us... why do you dislike Glenn Beck so?
Because "he spewes hate"?
Remember, repetition is the sincerest form of flattery.
TEAMRICO
04-21-2010, 23:14
Awwww snap funkfool!
I wonder if we will hear back from Rusty???
You da man!
How will he rebound from that????
Mucho cheers to you!
theGinsue
04-22-2010, 00:00
Okay, we've got plenty of passions here and even some personal attacks going on.
Let's all just remember the true reason for this site and how we all share the love of EBR's.
Kewl?!
True we should use this site to talk about guns and not route out liberal moles. Lets all shoot our rifles with the shoulder thing that goes up.
funkfool
04-22-2010, 09:00
Okay, we've got plenty of passions here and even some personal attacks going on.
I really did try to stay away from personal attacks -
Is it the 'intellect' one? 'Cause I'll cut it.
Let's all just remember the true reason for this site and how we all share the love of EBR's.
Kewl?!
Kewl. Or as us Oldfarts say: "Swell."
True we should use this site to talk about guns and not route out liberal moles.
Yes, I just have a hard time letting unsubstantiated statements go without challenge in regard to the principles of honor.
Lets all shoot our rifles with the shoulder thing that goes up.
with the shoulder thing that goes up...
Now my turn to be 'challenged' intellectually.
I don't get it.
I really did try to stay away from personal attacks -
Is it the 'intellect' one? 'Cause I'll cut it.
Kewl. Or as us Oldfarts say: "Swell."
Yes, I just have a hard time letting unsubstantiated statements go without challenge in regard to the principles of honor.
with the shoulder thing that goes up...
Now my turn to be 'challenged' intellectually.
I don't get it.
I'm sorry that is an esoteric joke but I figured all of us have seen that video with Carol McCarthy being asked what barrel shroud is and the old koot said it was the shoulder thing that goes up.
She was sticking to her talking points and then got grilled a little about a gimme question and the truth came out that she doesn't know what she's talking about. She was just towing the line on gun control and not really careing enough about something she want's to ban to learn more about it. Either she's an idiot or is more interested in furthering her political career. I personally think its a little of both. I'm sorry that she lost her son and husband in a shooting a million years ago but my guns had nothing to do with it and shouldn't be held responsible. And its shameful that she stands in the blood of the virginia tech victims to further her career. There was something else I wanted to say but I won't because its funny and tasteless at the same time.
http://www.youtube.com/watch?v=ospNRk2uM3U
funkfool
04-22-2010, 11:47
There was something else I wanted to say but I won't because its funny and tasteless at the same time.
Darn...
Ok - I am off to see the video...
Delfuego
04-22-2010, 12:06
I guess you haven't watched the show even ONE time all the way through.
Don't do it!!!
That's how they get in your skull!!!
Next thing you know you will be sporting tin-foil
funkfool
04-22-2010, 13:58
Don't do it!!!
That's how they get in your skull!!!
Next thing you know you will be sporting tin-foil
http://thesquirrelboard.com/forums/images/smilies/tinfoilhatsmile.gif
Rust_shackleford
04-22-2010, 18:18
You post the man's own words and they're taken out of context.
Please look up http://www.danmaes.com/
funkfool
04-23-2010, 12:09
You post the man's own words and they're taken out of context.
Yes, when you cut portions of a persons statement off
or subdivide a statement and by doing so alter the context
of the statement and subsequently the meaning being imparted
by the statement - you have, in effect, taken it out of context.
Please look up http://www.danmaes.com/
Oh - Maes not Maze.
Heard of him... thanks for the link.
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