Get ready for VAT!! - Diesel Forum

Pappy19 · 10-13-2009, 06:51 PM

For all you that don't know what a VAT is, it's a value added tax. Ole Nancy is at it again-

Nancy Pelosi Proposes a VAT - WSJ.com

grassfarmer · 10-13-2009, 06:57 PM

This bunch of fools might tax all of us to the limit, but the day of retribution is at hand....2010. One thing that still stands is that laws can be rescinded. Until we loose that we can always prevail.

chuckster57 · 10-13-2009, 07:19 PM

Quote:

Originally Posted by grassfarmer

but the day of retribution is at hand....2010. One thing that still stands is that laws can be rescinded. Until we loose that we can always prevail.

Only if those with the power to make things happen......USE IT!!!!

RatherBNtheWoods · 10-13-2009, 08:19 PM

Quote:

Originally Posted by chuckster57

Only if those with the power to make things happen......USE IT!!!!

Exactly what I was thinking! Congress isn't doing this ALL by themselves. someHOW they got elected! It isn't all their fault.

We, and I use that term VERY loosely because "I" didn't, voted them in with them telling us they were going to do it!!

SO!?!?!?!? wth?

Maybe we should've thought more about our vote?

drcampbell · 10-14-2009, 06:04 AM

Let me see if I have this straight: Rupert Murdoch's Wall Street Journal reported that 2 out of 435 members of Congress are casually talking - just talking - about a VAT, there's no proposal on the table, and I'm supposed to be alarmed?

Have you noticed the size of the national debt lately? I'd be a lot more alarmed if Congress wasn't talking about ways to pay for it. If Congress doesn't balance the budget, inflation & currency devaluation will.

What I'm not hearing are proposals to uncap the $106,800 FICA capped taxable amount, (it's currently a regressive tax - the higher your income, the lower the percentage you pay) cut off appropriations for the "war" in Oil-raq and Pipelineistan, (currently ~$1 Billion per day) put even a 1% transfer tax on financial securities, cut off TARP spending or other corporate welfare, scale back the cost of the thoroughly ineffective drug war, (currently ~$1 Billion per week) cap interest rates or tax unearned income at a rate at least equal to the rate on earned income.

That's what alarms me.

checkthisout · 10-14-2009, 07:06 AM

Taxes should have been boosted in order to invest in new sources of energy to get us off of foreign oil.

That way the tax is an investment rather than expense.

All these people made all this money and other people went into debt buying Granite countertops and hardwood floors for their houses.

Total waste of manpower and resources.

AK_Gandy · 10-14-2009, 08:42 AM

Quote:

Originally Posted by drcampbell

Let me see if I have this straight: Rupert Murdoch's Wall Street Journal reported that 2 out of 435 members of Congress are casually talking - just talking - about a VAT, there's no proposal on the table, and I'm supposed to be alarmed?

Of course you're supposed to be alarmed.

How else is the right going to increase their fear-mongering base?

.

Pappy19 · 10-14-2009, 10:59 AM

When it comes to taxing, the Demoncrats are way ahead of that game. Go ahead and tax the hell out of those rich folks and see how many new jobs that creates. It's the trickle up theory!!

BobR · 10-14-2009, 02:19 PM

Quote:

Originally Posted by AK_Gandy

Quote:

Originally Posted by drcampbell

Let me see if I have this straight: Rupert Murdoch's Wall Street Journal reported that 2 out of 435 members of Congress are casually talking - just talking - about a VAT, there's no proposal on the table, and I'm supposed to be alarmed?

Of course you're supposed to be alarmed.

How else is the right going to increase their fear-mongering base?

I may have fallen victim to some fear-mongering myself.

I fear that I (middle class American) will face numerous tax increases in the future. I do not know for sure what form those increases will take, but I think that tax increases will be coming. Some will be hidden, some will necessarily be in the open. Some I'll pay directly to the government, some I'll pay in the form of purchases I make.

But I am willing to state for the record that tax increases are coming.

I'm sure that standing on the sidelines and taking the occasional pot shot may be fun, but I am asking you to go out on a limb, take a gamble and tell me what you think the future holds. You mock those that mention a VAT. Is it just the VAT, or any tax increase that you think is unlikely?

Will our president stick to his "not one single dime" pledge?

checkthisout · 10-14-2009, 03:30 PM

Quote:

Originally Posted by Pappy19

When it comes to taxing, the Demoncrats are way ahead of that game. Go ahead and tax the hell out of those rich folks and see how many new jobs that creates. It's the trickle up theory!!

When the money is re-invested in making society more productive, history has proven that taxing away excessive income works.

BobR · 10-14-2009, 05:30 PM

Quote:

Originally Posted by checkthisout

history has proven that taxing away excessive income works.

"excessive income". Who determines what is excessive?

I'll ask you the same question I asked AK: I'm middle class. Should I be concerned that any more of my income will be determined to be "excessive" and have greater amounts of it taken away by the federal government?

Pappy19 · 10-15-2009, 12:19 AM

If you ain't poor and on welfare then your income is excessive and the Demoncrats are going to tax you more. Just watch and see. Only government or Acorn workers are safe. The dollar is domed and so is our economy as we have known it for 100 years. Better get some gold and silver saved up. The only hope is that Congress will return to a Republican majority and private industry can again thrive. Government can't make jobs, and without jobs, there isn't going to be an economic upturn. It ain't looking good for a while, as long as the foxes are eating the henhouse....and all the eggs to boot.

checkthisout · 10-15-2009, 12:38 AM

Quote:

Originally Posted by BobR

"excessive income". Who determines what is excessive?

I'll ask you the same question I asked AK: I'm middle class. Should I be concerned that any more of my income will be determined to be "excessive" and have greater amounts of it taken away by the federal government?

This question is too non-specific for me to answer. Try rephrasing it so I don't have to guess what you are asking.

checkthisout · 10-15-2009, 12:42 AM

Quote:

Originally Posted by Pappy19

If you ain't poor and on welfare then your income is excessive and the Demoncrats are going to tax you more. Just watch and see. Only government or Acorn workers are safe. The dollar is domed and so is our economy as we have known it for 100 years. Better get some gold and silver saved up. The only hope is that Congress will return to a Republican majority and private industry can again thrive. Government can't make jobs, and without jobs, there isn't going to be an economic upturn. It ain't looking good for a while, as long as the foxes are eating the henhouse....and all the eggs to boot.

Well, the democrats are not the party they used to be under Frankling Roosevelt.

You can't really call them democrats anymore because they have adopted republican neocon values.

That is why they and the country are failing.