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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (829681)	1/12/2015 8:02:51 PM
From: i-node	Read Replies (2) of 1575727

>> 1) Taxes can't be raised by executive orders. That used to be. It isn't clearly true today. If president Obama were to say, "Effective immediately, it is necessary that we impose a one-percent surtax on capital gains", and order his Treasury Secretary to draft regulations to that effect, what would stop it? As a practical matter, not a damned thing. Public outcry? Let 'em eat cake. We've seen the president make one unilateral change to the ACA after another (about 40 in all), many of which would have been blatantly illegal if done by any other president. But this one? WTF. Don't like it? Take me to court. Well, okay. In the meantime, collect the tax. I am not sure there is any law at this point that an arrogant president can't just choose to ignore.

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