Successful? Tax it!
Published: Friday, May 17, 2013, 8:57 p.m.
Successful? Tax it!
So, now we have the U.S. Senate overwhelmingly passing a bill that would empower states to charge sales tax on online purchases, regardless of whether the seller has a physical location in the buyer's state. The idea is to “level the playing field” with “brick and mortar” stores. Why is government's reaction to anything successful to tax it into oblivion?
Here's a thought: How about eliminating the sales tax in all states? Five currently have no sales tax. This would make all the states even (fair share).
The proponents of the bill claim it could confiscate (my term) $25 billion annually for state governments, which probably will be applied toward grossly underfunded state pension plans. Poor planning and ridiculous pension promises in contracts have led states to this financial mess. Let the states file bankruptcy and renegotiate pension plans to a realistic level, and keep the $25 billion for the president. Heck, that'll pay for the remainder of his golf outings on Campaign One.
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