Truthmatters
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- May 10, 2007
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What does Obama say (or is doing) about this?Because of the housing bust, home equity as a percent of home value fell from 59.5% in the first quarter of 2006 to
36.2% in the fourth quarter of 2009. For the first time on record, the percent of home value that homeowners own
outright dropped below 50%meaning that banks now own more of the nations housing stock than people do.
Banks got bailed out and then got more property in the deal.
Average tax payers got hosed and the right thinks we need more hosing.
The Flat Tax does not address the trade deficit, a progressive VAT tax would. Since a VAT tax is placed on imports and refunded on exports that would help create jobs. Since a VAT is a tax on consumption it would also increase savings and investment.15 percent tax on everyone, end the class warfare, knock out the debt. Buuuuuuuuuuuuuuut, y'all are too worried about perpetuating the class warfare. We get it.
The Flat Tax does not address the trade deficit, a progressive VAT tax would. Since a VAT tax is placed on imports and refunded on exports that would help create jobs. Since a VAT is a tax on consumption it would also increase savings and investment.15 percent tax on everyone, end the class warfare, knock out the debt. Buuuuuuuuuuuuuuut, y'all are too worried about perpetuating the class warfare. We get it.
I should hope so.The Flat Tax does not address the trade deficit, a progressive VAT tax would. Since a VAT tax is placed on imports and refunded on exports that would help create jobs. Since a VAT is a tax on consumption it would also increase savings and investment.15 percent tax on everyone, end the class warfare, knock out the debt. Buuuuuuuuuuuuuuut, y'all are too worried about perpetuating the class warfare. We get it.
Would this be contingent on dropping our current progressive tax before we implemented the VAT?
Make them pay their fair share of taxes.