Great Depression of 2016

[rufus]

The one tax we need to enact is the tariff. Our nation survived and thrived on tariffs prior to the enactment of the income tax. We need to move away from income tax so that we can rebuild our capital and invest in our industry.

If people want to buy a fancy import item, let them pay a little more for it. We need to put our own people back to work.

We need to go cold turkey on social welfare. So many people are hooked on the opium of social welfare. They need to be working and not living on EBT cards. The safety net has become a way of life. Worse, they think they are due those benefits.

The false prosperity created by the easy money and fast borrowing of the US government will eventually ruin the FED and the member banks. We need to return to a sound monetary policy and stick to it. No more busting the pinata for the greedy, indolent and non productive.

It will all come to a head when the oil producing nations decide that petroleum will be priced in some other currency. Then those petro dollars held abroad will lose value and be dumped on to the market. It will happen very quickly.

The US government and the FED can produce a lot of currency, but they cannot print jars of peanut butter and loaves of bread.

 

[mrchicks]

I couldn't agree more on the tariffs.

An added fuel tax will kill the truckers. They are already struggling to stay afloat. Raise their costs, and the price of every single thing goes up.

 

[caychris]

I would be careful about tariffs. they can back fire. Much of the Japanese Auto market moved jobs on shore to avoid tariffs against foreign autos but it also resulted in significant foreign investment. It didn't really save American autoworker jobs as much as it gave Japan greater control over domestic policy because of their investment. American auto workers still needed huge bail outs and are still struggling to compete. (For many reasons) Other tariffs tend to shut down our exports to foreign markets.

The easiest way to get Americans back to work is to get the boot of government off Americas neck and unleash the freedom to earn.

 

[hemet dennis]

I couldn't agree more on the tariffs.

An added fuel tax will kill the truckers. They are already struggling to stay afloat. Raise their costs, and the price of every single thing goes up.

Diesel was about $2.80 a gallon in 2010 now it's about $4.00 a gallon in 2014 so if a 10cent raise in fuel prices would kill the truckers then why are they not dead from a $1.20 a gallon raise ?

If a trucker uses 100 gallons to move a load of goods, that's about $400.00 in fuel cost. if the tax was raised 10 cents then the cost would be $410.00 for the load. Now how many jars of peanut butter or loaves of bread are on a trailer load, when you divide that $10 into the load it's a fraction of a cent added to the cost.

So no a 10cent raise in the fuel tax wouldn't be noticed by anyone.

 

[caychris]

Diesel was about $2.80 a gallon in 2010 now it's about $4.00 a gallon in 2014 so if a 10cent raise in fuel prices would kill the truckers then why are they not dead from a $1.20 a gallon raise ?

If a trucker uses 100 gallons to move a load of goods, that's about $400.00 in fuel cost. if the tax was raised 10 cents then the cost would be $410.00 for the load. Now how many jars of peanut butter or loaves of bread are on a trailer load, when you divide that $10 into the load it's a fraction of a cent added to the cost.

So no a 10cent raise in the fuel tax wouldn't be noticed by anyone.

Based on the above I am no longer responding to this. Apparently the size and costs of a loaf of bread and peanut butter has not changed in the last 4 years either.

 

[hemet dennis]

Quote:
First can we agree that the roads and bridges need to be fixed, do we need to spend millions on them ? I think we can agree that it needs to be done. Now who is going to fix the roads ? If we cut everyones taxes to zero, who will fix the roads ? So lets decide that we need the government to do it. No one likes paying taxes and if you think the government should do nothing how would that work out ? Building the roads is something the government needs to do. The private sector can't and doesn't want to build roads.

So the only question is how to pay for it. Now we borrow the money or create it, just to keep the roads from falling completely apart. So people in the future will be paying for what we need to do now. Do you realize we still haven't paid for WW 2 yet ? When do you think we should get around to that ?

So do you want to pay to fix the roads now, or add to the debt to fix the roads ?

 

[hemet dennis]

Quote:
Sorry that you can't handle the facts. I was addressing the fact that a 10 cent fuel tax increase wouldn't kill truckers and would only increase the price of goods by a small fraction.

 

[mrchicks]

Considering that your average semi gets between 5-7 mpg, and the length of haul is an average 1200 miles, your math is a bit off. For an O.O. ten cents can be a make it or break it thing over the course of a month or two. We can't tax our way out of the mess that we are in.

 

[hemet dennis]

Considering that your average semi gets between 5-7 mpg, and the length of haul is an average 1200 miles, your math is a bit off. For an O.O. ten cents can be a make it or break it thing over the course of a month or two. We can't tax our way out of the mess that we are in.

Do you agree that we need to fix the roads ?

 

[mrchicks]

Yes, but that is what the current fuel taxes are supposed to be doing.