Poll: Americans don’t want a VAT healthcare tax

May 29, 2009

Scat VAT! Rasmussen reports that while Democrats would go for a national sales tax to pay for universal healthcare, no so the rest of the country:

Democrats strongly support a national sales tax to provide universal health insurance coverage. Republicans are opposed by a three-to-one margin, and those not affiliated with either major party are opposed two-to-one.

6 comments

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

American capitalism gone with a whimper27.04.2009Source: Pravda.RuURL: http://english.pravda.ru/opinion/columni sts/107459-american_capitalism-0It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters.First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their “right” to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our “democracy”. Pride blind the foolish.Then their faith in God was destroyed, until their churches, all tens of thousands of different “branches and denominations” were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the “winning” side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the “winning” side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America.The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America’s short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison. Yes, the Americans have beat our own thieves in the shear volumes. Should we congratulate them?These men, of course, are not an elected panel but made up of appointees picked from the very financial oligarchs and their henchmen who are now gorging themselves on trillions of American dollars, in one bailout after another. They are also usurping the rights, duties and powers of the American congress (parliament). Again, congress has put up little more then a whimper to their masters.Then came Barack Obama’s command that GM’s (General Motor) president step down from leadership of his company. That is correct, dear reader, in the land of “pure” free markets, the American president now has the power, the self given power, to fire CEOs and we can assume other employees of private companies, at will. Come hither, go dither, the centurion commands his minions.So it should be no surprise, that the American president has followed this up with a “bold” move of declaring that he and another group of unelected, chosen stooges will now redesign the entire automotive industry and will even be the guarantee of automobile policies. I am sure that if given the chance, they would happily try and redesign it for the whole of the world, too. Prime Minister Putin, less then two months ago, warned Obama and UK’s Blair, not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our “wise” Anglo-Saxon fools find out the folly of their own pride.Again, the American public has taken this with barely a whimper…but a “freeman” whimper.So, should it be any surprise to discover that the Democratically controlled Congress of America is working on passing a new regulation that would give the American Treasury department the power to set “fair” maximum salaries, evaluate performance and control how private companies give out pay raises and bonuses? Senator Barney Franks, a social pervert basking in his homosexuality (of course, amongst the modern, enlightened American societal norm, as well as that of the general West, homosexuality is not only not a looked down upon life choice, but is often praised as a virtue) and his Marxist enlightenment, has led this effort. He stresses that this only affects companies that receive government monies, but it is retroactive and taken to a logical extreme, this would include any company or industry that has ever received a tax break or incentive.The Russian owners of American companies and industries should look thoughtfully at this and the option of closing their facilities down and fleeing the land of the Red as fast as possible. In other words, divest while there is still value left.The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.Stanislav Mishin

Posted by volunteer | Report as abusive

The action in the treasury bond market this week was a signal — even if the Fed calms the waters by articulating an exit strategy for their quantitative easing, the calming will have a temporary effect. Actions speak louder than words and the US debt level is unsustainable beyond a couple of years. Democrats recognize this and are desperate to obtain a funding source for government healthcare. Prospective carbon tax legislation is being muted as a cash cow and now VAT is having a run. VAT would have a disasterous political & economic effect. Stagflation may be in our very near future — low growth, USD value decline / accompanying oil & commodity price rise, government intrusion with price controls & private industry meddling.Government Healthcare is D.O.A.

Posted by Siobhan Sack | Report as abusive

The Federal Government’s current debt is 11.5 trillion. http://www.brillig.com/debt_clock/ They have an additional 40 to 50 Trillion in other obligations. Perhaps soon, they may not be able to make the interest only payments on the debt. At today’s 30 year Treasury Bill yield, the interest payments alone would be, 575 billion per year. At 10 Percent, interest alone would be over 1 trillion…. The Federal tax collections may not raise 1 trillion dollars this year. The ability of the Federal Government to borrow money at low interest rates is key to their survival!Since the revolutionary war the, US government became and has remained until now the safest place in the world for a persons money but that may be changing.The 30 year Treasury Bill yield is approaching the rate of a 30 year FHA mortgage ! This is an amazing thing! The 30 year Treasury Bill and the 30 year Mortgage are among the biggest pools of debt on earth ……….. So watching them can give the thinking person some real insights on where we may be heading.We live in a country where everything is purchased at Walmart and everything at Walmart is made in China and everything that is made in China is paid for with paper money printed by the Federal Reserve. China uses the dollars where they choose to use / invest them. So, where are the dollars going ? I believe less and less will be going into Treasury Bills.For many reasons in the past the Federal Government was the only game in town when you were talking about investing billions of dollars but that game is changing. As of the date of the letter, the 30 year Treasury Bond (an investment in the federal government) is paying a 4.6 percent return. A 30 year Mortgage is paying the debt holder 5.1 or so percent. …… The spread on these notes, 5 tenths of a percent is the lowest I have ever seen. The ramifications of this can not be overstated.The federal government is losing the battle for cash. Right now there is a lot of cash on the side lines, most of it in very short term notes, at very low interest rates because the investor fears inflation. But if inflation does not appear in the next year perhaps less and I don’t think it will, people will start to put these dollars some where for a higher return and as always the holders of very large pools of money will be looking for the safest place and by looking at the spread between the 30 year T-Bill and the 30 year Mortgage, anyone will easily be able to see, who the investor believes to be the safest bet. Perhaps very soon, within one year, the average home loan could be at a lower interest rate then what the Federal Government is borrowing money, given the same terms , 30 years. After 250 years of the lenders “full faith and credit” in the federal government……………… The lenders will have voted and the US Federal Government is no longer the safest bet in the world ! The Federal Government is out of control and the people with cash know it and are pulling out.In the past the Federal government could tax the electorate and pay their bills but for a host of reasons those days (google Laffer curve) , I believe, are gone…….. perhaps for ever and investors/ countries/business, that lend money, realize the Federal Government can not pay its obligations going forward and can no longer tax the electorate to get the money they want/need.Many people think, the Federal Government will just print the money but fortunately the Federal Reserve, who prints the money is a private corporation and I believe the Fed will not cooperate with monetizing the debt. Of course they will have enormous pressure to do so, but the Federal reserve will resist and for numerous reasons I believe they will prevail and not allow the debt to be monetized.So, is it possible for the Federal Government to go Bankrupt ?? O yes, I think it is now likely. Once the Federal Government can no longer make the payment on the debt, it will be very hard to borrow any more money ……. So , it will be bankruptcy or take over the Federal Reserve. Bankruptcy will look very appealing to the average cowardly politician.

Posted by Mike Tieman | Report as abusive

It’s not about inflation.It’s a devaluation race among western currencies (Yen too) to close the 25:1 wage gap disadvantage of West/Asia. Sterling may collapse, the USD 25 cents.

The base fact is factories of course, which don’t recover when they have left or would be, again, 25 times as expensive wage-wise. Of course if China added benefits and pensions, that would help. Hello?

The problem is not that people are taxed too little, the problem is that government spends too much.-Ronald Reagan