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chewbaca1989 (July 9, 2008 at 8:30 pm)
Nope it's sales tax.
rolficus (July 6, 2008 at 9:13 am)
america is heading into a depression sad to say it but when america goes down we all go down it will become a global econemy crunch the bull market is over and the bear market is taking its place shares are dropping like flies property isnt safe anymore if you think you house is worth half of what it was a few years ago geuss what its gonna get worse but the media will down play it all
skullaria (July 5, 2008 at 8:26 pm)
I think we've about got hyperinflation now.
korllark1 (June 24, 2008 at 1:27 pm)
i believe that this would be much more equitable, even people who earn illegal income(hence evade income taxes) would have to pay taxes when they spend that income. Consumption my increase, which will stimulate the economy, but may add inflationary pressure.
korllark1 (June 24, 2008 at 1:24 pm)
Then wouldn't you still need the IRS to enforce the sales tax?
kng863 (May 31, 2008 at 2:29 pm)
the guy sitting in front of ron paul looked like he was the only guy who couldn't contain his laughter! Paulson looked like "oh shit!"
sugarraygras (May 31, 2008 at 9:23 am)
Its now happening in england, but the media plays it down.The poor will pay.
kng863 (May 30, 2008 at 7:24 pm)
Things got out of hand when public teachers/police/firemen could no longer afford to live in the towns where they work. Bear Stearns collapsed! Housing won't correct itself until all the ARMS resets and all the foreclosures get flushed out of the system. Recession will last beyond 2010 when hyperinflation kicks in forcing home owners to sell.
Tasadaru (May 29, 2008 at 9:16 am)
I just saw a vid of people who were once middle class, living in their cars and trailers due to foreclosures. Peter Schiff, Ron Paul's economic advisor, said that California is only going to get worse. Due we have to go through the pain before people realize that people like Ron and Peter are right? Hopefully not.
scoza (May 19, 2008 at 6:06 am)
I want to see the response of their board members. :/ |
