Comments on: A Knight In Leaden Armor

By: PA

PA — Wed, 15 Jul 2009 23:20:09 +0000

I’m going to make a bumper sticker that says: “Had enough “Change” yet?”

By: Mockingbird

Mockingbird — Wed, 15 Jul 2009 21:37:40 +0000

To Gaius and the three commenters:

I agree with ya’ll. While I’ve stated similar before (commerce model vs conflict), You’re not joining me, I’m joining up with you guys!

By: plumpplumber(Balding)

plumpplumber(Balding) — Wed, 15 Jul 2009 16:04:47 +0000

So, it’s gonna get really “darwinian”? I can feel the underground economy growing under my feet. What the hell, the “illegals” are working under the table, and so it looks like a bunch of us are gonna do the same. You know, it’s kinda funny, the starfish in DC are expecting us to pay all these taxes? I’m cutting my costs to the bone, ain’t fixing to hire anyone, and I’m gonna make sure my tax liablity is just a fraction of what it was. Tell you this, I’d have to have my head examined to do as much business as in the past. John Galt lives in my heart, and in my wallet. Some people I know have gone completely off the books, but I consider that to be extreme. They’ve got a point however – starve the beast, and blunt its power. Someone at a tea party pointed out that if everyone withheld 25-30 % of their taxes, the government can’t function and can’t prosecute everybody.

So, they want to tax us to death, and actually, it’s without representation – Who has actually read the bills thay are voting on?

By: Roland Hesz

Roland Hesz — Wed, 15 Jul 2009 09:08:13 +0000

@Crosspatch: not sure about laying off. Another possible outcome is that companies get “creative”.

For example, in Hungary you pay 30-33% on the gross salary of your employees.
The result of this is that at a lot of companies (i.e. most), you get your salary in two parts: 1) legal, fully taxed 2) “in pocket”.
You can guess which one is the bigger part of your salary. Of course this is completely illegal, but there are tricks and tips how to do it without getting caught.

So that is another possible outcome, which is equally destructive.

By: crosspatch

crosspatch — Wed, 15 Jul 2009 05:43:34 +0000

This will absolutely destroy the economy. Every business with 26 to about 35 employees will be laying off to get under the 25 number and bigger companies will be laying off to reduce their expenses.

This is the “Employment Penalization Act”. If there was ever a law pretty much guaranteed to destroy the economy and small business, this is it.