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Thread: Obama suggests value-added tax may be an option

  1. #71
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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by Bassman View Post
    As they should be. a VAT would effectively kill off any economic growth and expansion. But then again, as any goodie-two-shoes Liberal, you'd love to see more people on the welfare roles as businesses shutter their doors for good!
    OMG I didn't know that Libruls want to see more people on welfare and businesses to close !! Now if that is true wouldn't the Libruls have thought it out and realized that if more and more businesses close there would be less people working hense less people paying taxes then there would be less money to keep people on welfare ? You may want to ask them thar Libruls again to get the real story from them.
    I do not recall the Viet Cong asking me if I was a natural born or Naturalized American before they shot at me, they just shot at all of us f107HyperSabr

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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by Reverend_Hellh0und View Post
    But yes, we Tea Party types are paranoid about Obama raising taxes.



    A VAT tax is the worst idea in this already overtaxed nation.
    Why we try something really novel and state an honest Tea P opinion - "no taxes are any good at any time any where at any level "

    Seriously, no one likes taxes but everyone wants services and better want a military defense and police and fire departments border guards and taking care of all of those Veterans that our little magnetic ribbons proclaim that we all support, and SPACE program, etc

    so how are we to fund all of that ?
    I do not recall the Viet Cong asking me if I was a natural born or Naturalized American before they shot at me, they just shot at all of us f107HyperSabr

  3. #73
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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by MrVicchio View Post
    Obama suggests value-added tax may be an option - Yahoo! News

    So much for the "No taxes on middle class" pledge. He'll push it. Mostly because the man has ZERO grasp on how a free market economy works... or he DOES and... well let's assume he's really not like that eh?
    See, the thing is....every person reading this thread knows that President Obama has a better a understanding of economics, theory and practice, than you, Mr.Vicchio, will ever have.

    If you want to convince us otherwise, explain why the suggestion made by the President is a bad one or a good one. That's how this works. Just posting and making pithy comments is worthless. Make an honest effort and show us your brilliance...

    Or just keep reposing the latest story you found on Drudge, keeping in mind that doesn't make you sound more intelligent -- it just highlights the whole partisan hack thing...

  4. #74
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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by hazlnut View Post
    See, the thing is....every person reading this thread knows that President Obama has a better a understanding of economics, theory and practice, than you, Mr.Vicchio, will ever have.
    I don't. In fact, I don't have much confidence Obama has an understanding of much at all and certainly if he does, it's nothing in practice at all.

    Quote Originally Posted by hazlnut View Post
    If you want to convince us otherwise, explain why the suggestion made by the President is a bad one or a good one. That's how this works. Just posting and making pithy comments is worthless. Make an honest effort and show us your brilliance...
    Interesting such a statement coming from you. I smell a trap.

    Quote Originally Posted by hazlnut View Post
    Or just keep reposing the latest story you found on Drudge, keeping in mind that doesn't make you sound more intelligent -- it just highlights the whole partisan hack thing...
    Funny, Drudge reposts links not content. And haz... your the king of partisan hack. Do you really want the kettle/pot comparison?
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by texmaster View Post
    Actually he's right.

    Exactly how many broken promises is Obama up to?
    No more nor less than any other bought and paid for politician.

  6. #76
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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by hazlnut View Post
    See, the thing is....every person reading this thread knows that President Obama has a better a understanding of economics, theory and practice, than you, Mr.Vicchio, will ever have.

    If you want to convince us otherwise, explain why the suggestion made by the President is a bad one or a good one. That's how this works. Just posting and making pithy comments is worthless. Make an honest effort and show us your brilliance...

    Or just keep reposing the latest story you found on Drudge, keeping in mind that doesn't make you sound more intelligent -- it just highlights the whole partisan hack thing...
    I don't. I think Obama is a clown, a puppet and a figurehead. A guy who never really had a job that required any clue about economic reality. And I find the worship of that puppet to be hilarious



  7. #77
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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by Australianlibertarian View Post
    If he gets rid of the income tax, or dramatically cuts then I don't the problem. Even Peter Schiff conceded on his blog that a consumption tax would be a preferable option over an income tax.
    Peter Schiff is probably right that VAT would be preferable, but I doubt you'll find many people, who understand the reality of the situation, who actually believe income tax will be cut at all, much less disappear. We've gotten ourselves into a ****load of debt.

    We already have 47% of our population paying no federal income taxes, and high unemployments rates (for our standards). The real estate market is still in the crapper, businesses are still closing, and many people have given up looking for jobs.
    Last edited by lizzie; 04-22-10 at 11:52 PM.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
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    Re: Obama suggests value-added tax may be an option

    Not a lot of intelligence going on in this thread.

    1) A VAT is not a bad idea if it replaces everything else
    2) Obama is considering a number of proposals just like Bush did in considering to nuke someone after 9.11
    3) A VAT is not business crushing as many uninformed people here like to think it is.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Obama suggests value-added tax may be an option

    Quote Originally Posted by Ockham View Post
    I don't. In fact, I don't have much confidence Obama has an understanding of much at all and certainly if he does, it's nothing in practice at all.
    Eh. That's not much coming from a crowd who says "Kill the Fed" without realizing that Uncle Ben saved our butts.

    The thoroughly uninformed calling others uninformed doesn't say much.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Obama suggests value-added tax may be an option

    I don't believe Obama is capable of replacing the income tax with a consumption style tax. I mean, I don't think he idealogically could bring himself to consider that. VAT as and added tax, yes. Replacement... no way in hell.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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