SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Yulya who wrote (101914)9/14/2009 4:08:11 PM
From: mishedlo2 Recommendations  Read Replies (2) | Respond to of 116555
 
Judge Rejects Sweetheart Deal Between SEC and BofA; NY Attorney General Cuomo Sharpens Axe
globaleconomicanalysis.blogspot.com

The sweetheart deal between the SEC and Bank of America is surprisingly under attack today as a Federal Judge rejects deal between SEC, BofA over bonuses. ...

Mish



To: Yulya who wrote (101914)9/14/2009 4:56:12 PM
From: benwood  Read Replies (2) | Respond to of 116555
 
This is a way to shift the gas tax from the heavy autos, usually wealthier people, to lighter autos, usually less wealthy people. In addition, when a gas tax hike occurs, then you see it at the pump. With the new system, it would not be nearly so clear. It would be akin to the car tax in Washington State which started out small, e.g. $50 for a new car and say $40 the next year etc., to $500 for a new car and $475 the next year, etc. and finally a tax revolt occurred reducing it to $30. It's back up to about $125 already for my '08 auto.

Similarly, the per-mile mechanism can be used to slip in tax hikes to fund all sorts of re-election promises and boondoggles. And, with the proper population chipping and massive fines for non-compliance, bicycles, pedestrians, baby carriages, and eventually dogs can be outfitted with taxation collars.

It will be a taxing authority utopia.



To: Yulya who wrote (101914)9/14/2009 9:33:42 PM
From: Jim McMannis  Respond to of 116555
 
RE:"Earl Blumenauer (D-Oregon) introduced H.R. 3311 earlier this year to appropriate $154,500,000 for research and study into the transition to a per-mile vehicle tax system"

OMG



To: Yulya who wrote (101914)9/14/2009 10:28:03 PM
From: Dan32 Recommendations  Read Replies (3) | Respond to of 116555
 
Re: A Member of Congress proposes to use taxpayer money to fund the development of technology to track motorists as part of a new form of taxation. US Representative Earl Blumenauer (D-Oregon) introduced H.R. 3311 earlier this year to appropriate $154,500,000 for research and study into the transition to a per-mile vehicle tax system.

Or, they could save $154,500,000 and just tax gasoline.