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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (26779)	12/23/2007 2:58:37 PM
From: Riskmgmt	Read Replies (2) \| Respond to of 217648

>>I don't understand your objection. this is simply a substitution of a sales tax for an income tax, with the added benefit of discouraging consumption of mostly imported goods.>> If I might jump in here. I think Maurice suspects it will not be a substitution. In Europe they have a VAT (value added tax) in ADDITION to, income tax, corporate tax,gas tax, liquor tax, etc. Once a tax is introduced you can't get rid of it. The VAT now is 19% in Europe. If the US brought it in as a Fed tax the States would either be dependent on the Fed for funds (God forbid) or have to tack on the sales tax to retain autonomy. As to Ron Paul as President, sure would shake up D.C. regards, Ray

To: KyrosL who wrote (26779)	12/23/2007 3:09:09 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 217648

Kyros, it's just another way of plucking feathers from the goose. My complaint is that I have already paid tax on my earnings. I don't have earnings now other than returns on investment, and I will be going into capital spending mode. My capital was taxed when I earned it. Now, they plan to tax it when I spend it as well. <they get me on the way in, then take it on the way out too> Surely you can see how that is quite annoying. It's ironic that the "free" world is continually increasing taxes, repressive regulations, socialism, confiscation and kleptocracy while the communist east is now much more capitalist, with low flat taxes. Mqurice