APP - Value Added Tax should help mend the economy
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I think adding a VAT or and LVT on top of whatever you have left after budget cuts would be a reasonable way to balance the budget. Balancing the budget, however, is not our immediate priority...
Why the Hell does a VAT tax have to do only with Democrats?
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Cancel10
Independent Thinker
If it replaces the income tax, yes. But that's not what Pelosi is proposing. She wants to create a VAT alongside the income tax, which would also be alongside the Cap & Tax, which means the middle class is FUCKED.
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FUCK THE POLICE
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Replacing the income tax with a VAT would be economic lunacy and would worsen our budget crisis. Adding it along to the income tax would be a sensible move.
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Cancel10
Independent Thinker
Replacing the income tax with a 10% VAT and slashing 1 trillion dollars in wasteful spending would be a good start.
How will more taxes help the economy? You're either insane or retarded, I'm not sure which.
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1. A 10% VAT tax wouldn't fund a rat's ass. The current income tax, PLUS a 10% VAT, WITHOUT the added levels of spending added by the stimulus, would COVER the deficit.
2. There isn't 1 trillion dollars in wasteful spending. To cut 1 trillion you'd have to eliminate either the military or the other half of discretionary spending.
Did I say more taxes will help the economy? A realistic amount of taxation relative to the size of the government is simply a necessity. A business shouldn't consume more than it spends; neither should a nation.
Socrtease
Verified User
Yes because what we need is one more fucking tax in this country. I swear lefties have never seen a problem then couldn't tax their way into deeper.
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Again, the right always responds emotionally, not intellectually.
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Right wing thinking on the issue of taxation and government spending seems to be magical. Let's go to a fairy tale land where we can spend as much as we want, with no taxation, and all we have to do is reference some vaguely defined "government waste". If we're desperate we will do the always popular 70% cut to every single part of government. Anything vague that doesn't require us to actually finger anything specific is good.
Clearly the government is doing nothing to eliminate waste, because the government would never want all that free, easy to find "waste" money flying around for things like evil government programs that help feed the poor.
Taxation should equal government spending. End of story.
Clearly the government is doing nothing to eliminate waste, because the government would never want all that free, easy to find "waste" money flying around for things like evil government programs that help feed the poor.
Taxation should equal government spending. End of story.
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DamnYankee
Loyal to the end
Hopefully this will further the debate on the FAIR TAX, which is essentially a VAT. Pelosi brings up a good point about putting us on a level playing field with Europe. However in order to be truly level, the FAIR TAX must replace the current system completely.
What Pelosi doesn't appear to realize is that the FAIR TAX would eliminate a tremendous amount of influence that Congress has on restricting freedom. She would lose power, and since her goal is to gain power, she obviously has some kind of scheme envisioned to tax us both ways.
What Pelosi doesn't appear to realize is that the FAIR TAX would eliminate a tremendous amount of influence that Congress has on restricting freedom. She would lose power, and since her goal is to gain power, she obviously has some kind of scheme envisioned to tax us both ways.
LOL from the dork who supports taxing into a surplus
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Most nations in the world operate a VAT on top of a progressive income tax.
Pelosi's point was that in America, corporations pay for healthcare, and that cost is added on when they ship parts worldwide. In Europe, the government pays with healthcare through a VAT. The VAT is refunded upon export (to avoid double taxation), and so they do not have that component cost.
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Lao Tse
Verified User
If a majority ate poop, would you take a bite?
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Taxation should be whatever it takes to completely fund the level of government you want.
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It wasn't an argumentum ad popularem. I was just pointing out that he was incorrect in his claim that only through eliminating the income tax would we be on an even playing field. Anyone who's not making a billion dollars a year should oppose the 40% VAT it would require to fund federal discretionary spending through a consumption tax.
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Yes, because the 30 year old wants to pass on that taxes he should have paid to his 3 kids.
Lao Tse
Verified User
government operations should be retstrained to operate on a level of taxation that does not destroy the economy, or human lives.
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If government money is well spent it doesn't hurt the economy. Private money badly spent hurts the economy just as much as government money badly spent. In America, sure, we don't pay the extra 10% taxation required to have UHC. Instead, we pay 15% of our income to cover just the poor and middle class, and leave the poor out to dry. Sounds like a good trade off to me! It lowers our taxes so it must be good for the economy!
The most damaging myth in America, that will eventually lead to our end, is the myth of the societal black hole; the myth that money spent by society at large somehow goes into some great black hole. When the opposite is actually true.
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