Obama says more enslavement "still on the table"
Not happy with partially enslaving the people of the United States with mandatory purchases and punitive taxes, Barack Obama says that a "value-added tax" is "still on the table".
WASHINGTON - President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.
Before deciding what revenue options are best for dealing with the deficit and the economy, Obama said in an interview with CNBC, "I want to get a better picture of what our options are."
For those of you who don't know what a "value-added tax" is, it means that at each stage of a product or service where "value" is added it would be taxed. So by the time clothing appears in stores or a service is actually rendered it could be taxed several times-adding significantly to the final cost.
This is one reason US goods are in such demand by people visiting the US. A pair of jeans that costs $30 here can easily cost $50-75 in their home country because of taxes.
And Obama wants to bring that kind of "change" here to the US! And because it is added in several (mostly unseen) layers it is difficult to get rolled back or repealed.
Let's face it: Obama and his minions will not be happy until they control 100% of your income.
WASHINGTON - President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.
Before deciding what revenue options are best for dealing with the deficit and the economy, Obama said in an interview with CNBC, "I want to get a better picture of what our options are."
For those of you who don't know what a "value-added tax" is, it means that at each stage of a product or service where "value" is added it would be taxed. So by the time clothing appears in stores or a service is actually rendered it could be taxed several times-adding significantly to the final cost.
This is one reason US goods are in such demand by people visiting the US. A pair of jeans that costs $30 here can easily cost $50-75 in their home country because of taxes.
And Obama wants to bring that kind of "change" here to the US! And because it is added in several (mostly unseen) layers it is difficult to get rolled back or repealed.
Let's face it: Obama and his minions will not be happy until they control 100% of your income.