Incrementalism For Taxes
We are starting to here the rumblings…the little whispers…the under the breath hints.
Hints of what, may you ask?
More taxes are coming.
Last week, Mr. Obama said that the current budget deficits were unsustainable; of course, not answering who caused it to be that way. But that term, unsustainable, is a code word. It is code for : we need more taxes.
Some of those taxes will be apparent, like more taxes on the rich. Others will be more subtle. For example, cap-and-trade, which could increase taxes on each person in this country by at least a $1000 per year. And then there are increased regulations that will raise tax money. For example, today Obama proposed to increase gas mileage to 36mpg. Well, great, except that it will cost each consumer at least $1,500 more for every car…a indirect tax, if you will.
Other regulations will cost you big money as well. Obama is trying to push stronger regulations on the credit card companies. That is all well and good; except that it will cost most credit card users more in fees and expenses because card companies will have to make up that money somewhere.
The Senate is now considering taxing health care benefits to pay for universal health care. That is right…if you get benefits from your employer, you may have to pay more taxes on those benefits. All to pay for Obamacare.
Now, to be fair, not all of these are ‘taxes’. However, every regulation or law that costs the good people of America more money is still coming out of our hard earned dollars might as well be a tax burden. It costs us more to subsidize the gas efficiency standards, the credit card rules, etc.
All brought to you by the Barack Obama Administration.
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Simply leave the country and Don’t come back. It really is this simple.
$1000 on the low end seems very conservative. Everyone will be passing these energy costs along. I fear the worst increases in expenditures will come on food after utility bills and easy to see energy prices such as gasoline. A big problem we all have is that the increases will come and most cases will be unseen. We will all soon discover we have less left over incrementally in our paychecks. Recall that at $4/gallon even at wholesale clubs the prices of many items (eggs and milk alone) nearly doubled and it took some time before these increases returned to previous price points.
How many other ways can you find to decrease expenditures and save on your energy costs? Ponder this carefully. In some cases it may not be too easy to sell a house it costs too much to heat. We may all be trading down in ways we never expected.
Some voted for a change they believed in but everyone may actually find changes they neither like nor want. The law of unintended consequences has been exacerbated by the new voting ability of the ignorant.