 see more Lolcats and funny pictures |
My head hurts :-(.
-- Badtux the "That's illogical, Captain Kirk" Penguin
In a time of chimpanzees, I was a penguin.
The religious right is motivated by the suspicion that someone, somewhere,
is having fun -- and that this must be stopped.
Wednesday, March 25, 2009
VAT taxes and financial crack
So one of the tax options floated by the Never Right has been a VAT tax. This is similar to the sales tax hike recently passed here in California: It's a tax on consumption. Err... so the answer to an economic crisis caused by a collapse in consumption is, err, a tax on consumption?
6 comments:
Ground rules: Comments that consist solely of insults, fact-free talking points, are off-topic, or simply spam the same argument over and over will be deleted. The penguin is the only one allowed to be an ass here. All viewpoints, however, are welcomed, even if I disagree vehemently with you.
WARNING: You are entitled to create your own arguments, but you are NOT entitled to create your own facts. If you spew scientific denialism, or insist that the sky is purple, or otherwise insist that your made-up universe of pink unicorns and cotton candy trees is "real", well -- expect the banhammer.
Note: Only a member of this blog may post a comment.
Welcome to your very own version of our GST.:(
ReplyDeleteThat's their answer? A tax on consumption?
ReplyDeleteIdiots!
If fjb is from Down Here, he could attest that the GST works fairly well. (Even though John Howard lied to put it in place. But Johnny-boy was a lying sackoshit in so many ways...) The great thing about the GST is that you pau EXACTLY what the price tag says -- no having to estimate "OK, the price is $39.95 and I'm in California, so it's another 8.5% on top of that..."
ReplyDeleteBut Tux, doncha know the Reichwingers want a GST because it will be their excuse to reduce taxes on rich people and corporations? That's ALWAYS the rationale. Tax the poor, feed the rich.
The only economies for which a tax on consumption makes sense are export-oriented economies, where you want to reduce domestic consumption in order to have more goods available to export. This is to take into account that any good consumed locally is a good not available for export. For any economy which is *not* an export-oriented economy, it's a moronic idea.
ReplyDelete"The only economies for which a tax on consumption makes sense are export-oriented economies, where you want to reduce domestic consumption in order to have more goods available to export."
ReplyDeleteAh ha, once again the laws are way behind the times.
So, could someone please remind me why the taxpayers pay the salaries of "legislators?"
I mean, really, most of the new laws (perhaps that will change w/ Obama in?) benefit those who stuff the campaign coffers for access to lawmakers.
I'm sure the right would just love a comsumption tax (such as Fair Tax) as they are typically carefully worded to make sure that businesses do not pay any taxes. If you do the math, it acutally works out to be an inverse of the progressive tax.
ReplyDeleteLet's not forget that many companies would sneak in a price increase during the transition.