The United States Highway Trust Fund is a transportation fund which receives money from a federal fuel tax of 18.4 cents per gallon on gasoline and 24.4 cents per gallon of diesel fuel and related excise taxes. It currently has three accounts, the Highway Account which funds road construction, a smaller 'Mass Transit Account' which supports mass transit and also a 'Leaking Underground Storage Tank Trust Fund'. It was established 1956 to finance the United States Interstate Highway System and certain other roads. The Mass Transit Fund was created in 1982. The federal tax on motor fuels yielded $28.2 billion in 2006. In 2008 the fund required an additional $8 billion from general taxation due to reduced receipts from fuel tax in order to meet its obligations.
Highway Trust Fund - Wikipedia, the free encyclopedia
Liberals - Punish the Successful, Reward the Unsuccessful
Liberals - Tax, Borrow, Spend, and Give Free Stuff
Obama's legacy - National Debt / Credit Downgrade / Obamacare Failure / Economic Failure / Foreign Policy Failure / Liar of the Year Award / The Rise of ISIS
The federal telephone excise tax is a statutory federal excise tax imposed under the Internal Revenue Code in the United States under 26 U.S.C. § 4251 on amounts paid for certain "communications services." The tax was to be imposed on the person paying for the communications services (such as a customer of a telephone company) but, under 26 U.S.C. § 4291, is collected from the customer by the "person receiving any payment for facilities or services" on which the tax is imposed (i.e., is collected by the telephone company, which files a quarterly Form 720 excise return and forwards the tax to the Internal Revenue Service).
Federal telephone excise tax - Wikipedia, the free encyclopedia
The whole barbaric notion that collective society is responsible for all individual success is the failed garbage of Socialism. Destruction is the only achievement of collective philosophy. People like Obama are incompetent dictators who govern by force, taxation, regulation, and executive order. The two enemies of their philosophy are logic and reason. Which is why virtually all arguments from the left are both illogical and unreasonable.
Obama's comments reveal his philosophy of "collectivism". I'll call it precisely what it is. But their lifestyles completely contradict their philosophy. His salary is only possible because of the successes of private individuals and businesses who have earned profits. Same goes for teachers, cops, firemen, and all other public workers. If it weren't for private individuals producing goods and services and earning profits, there would be no money to pay them anything. No money to build a school. No money to pay Medicare payments. No money to pay unemployment benefits. The entire society and all the services we are able to take advantage of ride on the backs of private individuals and business that produce.
But the scabs preach that businesses wouldn't succeed if it were for government and society. The reverse is much more true.
These scabs don't want my money, they just want me to lose it. They don't want to be successful, they just want me to fail. They don't want my business, they just want me to lose it. The achievements of man's mind and labor are what built this nation. The philosophy of Obama seeks to diminish that by depriving men of their rightful claim to their own success, and by robbing the individual of earned profits. They don't want to run my business, they want my business to exist for the sake of society over my own sake. Society relies on businesses, but these scabs believe that businesses should exist while profits are non-existent. They are illogical. They believe profits belong to society while risks belong to individuals. They pronounce responsibility for all the successes, and denounce responsibility for all the failures and costs. To them it's Private Profit vs. Public Good. But in their ignorance, they fail to realize that without private profits, there could never be public good. They are living examples of trickle down economics, yet they curse it.
Looters are exactly that. If you desire to make more money, then go start a business. After all, government and society have already done most of the work for you right? Go start a business, there's a road outside, so you can gaurantee it's success! Feel confident that your own "smarts" and your own "hard work" aren't necessary for having a successful business. After all, Obama said so himself. Society will ensure the success of your business. Good luck to you.
"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
-- Adam Smith
And, actually, collectivism is alive and well in EVERY successful country on the planet. Give me one example of a successful economy that does combine capitalism with collectivism. Go ahead. Name me one. Just one!
Obama is a dictator. Go ahead, give me some specific examples of this. Those are strong words, so I hope you have evidence to back it up.
And Obama, by the way, is smart and educated. Sorry pal, but you do not obtain the academic credentials he has just by being one or the other.
Also, they do not take responsibility for all of the successes for business. Once again, you keep saying that, but it is not true. Show me the text of a speech where Obama ever said that.
I agree with you that without private profit there could be no public good. But I also would add that without public good, there would be very little private profit to be made.
It seems that the campaign response so far has been to look to road and bridges phrases to wiggle out of what he truly believes. America should not be a country of equal opportunity but one of equal results. Now he did not say that, but that is my interpretation.