Marketplace Fairness Act
Posted by BlueNova 11 years, 1 month ago to Legislation
Did I fall into a chapter of Atlas Shrugged and can't get out. Sometning akin to falling down Alice and Wonderland's "rabbit hole."
Street retailers want the State to collect sales taxes from on-line vendors. Ironically, many of which also do business on-line. Currently, when purchasing a product on-line, a S&H charge is applied. When purchasing a product of the "street" store, a sales tax is applied in most states (45 of 50; or, 52 of 57 if using obama's count). Isn't this leveling already achieved by market forces?. This is all BS and they're quickly, very quickly ramming it through congress. But the unintended consequences (except for obama) is to drive on-line purchasing to firms outside the US causing a further loss in jobs.
While I'm at it, another example of an "Atlas-ism" is more serious because it led to the housing bubble collapse which led to the collapse of the economy which led to the rise of the socilaists. The Financial Services Modernization Act of 1999. This repealed the Glass-Steagall Act of 1933. This act separated the banking firms from the securities firms and their combined services led to looting the economy. The repubs passed this legislation. The dems will pass the former, if they can, with a little help from the repubs.
BTW, the G-S Act was one of the few laws that the socialist Roosevelt administration. created. It was created to prevent another depression. The repeal of the G-S Act is a great example of those who forget history are doomed to repeat it.
Congress, both dems and repubs, are looting us and it cannot be stopped. It's frustrating, so frustrating.
Street retailers want the State to collect sales taxes from on-line vendors. Ironically, many of which also do business on-line. Currently, when purchasing a product on-line, a S&H charge is applied. When purchasing a product of the "street" store, a sales tax is applied in most states (45 of 50; or, 52 of 57 if using obama's count). Isn't this leveling already achieved by market forces?. This is all BS and they're quickly, very quickly ramming it through congress. But the unintended consequences (except for obama) is to drive on-line purchasing to firms outside the US causing a further loss in jobs.
While I'm at it, another example of an "Atlas-ism" is more serious because it led to the housing bubble collapse which led to the collapse of the economy which led to the rise of the socilaists. The Financial Services Modernization Act of 1999. This repealed the Glass-Steagall Act of 1933. This act separated the banking firms from the securities firms and their combined services led to looting the economy. The repubs passed this legislation. The dems will pass the former, if they can, with a little help from the repubs.
BTW, the G-S Act was one of the few laws that the socialist Roosevelt administration. created. It was created to prevent another depression. The repeal of the G-S Act is a great example of those who forget history are doomed to repeat it.
Congress, both dems and repubs, are looting us and it cannot be stopped. It's frustrating, so frustrating.
1. AIG would not have fallen under the G-S umbrella
2.G-S was a direct violation of free markets, giving more power to govt
3. depression=federal reserve(central banking)+legal tender laws+bad social policy(laws)
4. other countries were not subject to G-S type laws and they did not suffer a depression
Why financial collapse happened:
1.Community Re-investment Act gave rise to Fannie and Freddie(not free market institutions)
2.Federal Reserve policies(central banking is a failed concept)
3.onerous regulatory policy (SOX) that seriously depleted the number of companies going public. It had the effect of diverting investment from the business sector into the housing sector
4.really bad intellectual property rules and regulations(businesses slowed R and D)
5. The fed bailed out banks EIGHT times since 1980
Here is a great article on point:
http://www.forbes.com/sites/objectivist/...
If I knew that "$22/hr minimum wage" warren was spouting in favor of G-S, I would have taken that as a cue to look deeper. Yes, I'm from MA and still can't believe she got elected. Next markey may get elected. What a duo they'll make. To think that MA is the state where the "Shot Heard Around the World" occurred. What happened to such a courageous state? .
I've ordered book at the end of the article the "How Ayn Rand's Ideas Can End Big Government." for my Kindle so the learning continues.
BTW, I only meant to point out the term "Market Place Fairness Act" as being so similar the wording of a lesley mooch regulation. Then I ranted on and showed my ignorance. But by doing that, I learned something and hope to have a good read with the book.
BTW, I even bought into the Big Lie that the poor caused the collapse by buying houses they couldn't afford. Live and learn.
with every new generation of state schooled and alter-history fed churning out, the votes will be against you, the producer. stay vigilant!
I have to agree with your sentiments. The public education system is becoming or largely is now a socialist propaganda machine.
I have to get this off my chest here, some district in Washington, the state, I think wants to ban the word, among others, penmanship because it contains the word "man." Now it's to be called handwriting. This political correctness BS is freaking me out. I guess they have a serious case of misandry. I never knew there is a word to describe such a sentiment until a homeless man told me. Odd?
BTW, one superintendant, I cannot remember where, wants to start teaching American history from 1875 on. I saw her speaking on a video to this effect so I know it its true.
I'm a contrarian and rablerouser by nature (maybe too much for my own good) and hung up an in your face Tea Party Gadsden Flag on a main street where half of the small city has to pass. It lasted longer than I expected, 2 years until it was taken down and stolen I still carry the TPF decals on each side of my car. Hope my car doesn't get stolen :-)
upside down
1) S&H costs are not comparable to sales taxes for two reasons:a) sales taxes do not enrich the vendor, but are revenues for the State; b) S&H costs are comparable to your expense to obtain the product from the brick and mortar establishment.
2) The sales tax push for online is only a benefit for States and the fact that the Federal government is pushing for this is because they get to pilfer more of the States' revenues when they have more revenues.
This will get signed into law most assuredly, just like other things folks never dreamed would happen like Obamacare and unemployment insurance.
Follow the money back to the government as that is always where this crap goes.
Anyway, as to the brick and motar merchants, I as most I believe, shop on-line for covenience. Well at least I do.
The Challenger sounds like a fine plan! 🚔 Just watch out for that guy, lol!
I wish we could send private messages then I could talk to you and Eudaimonia about it. Here isn't bad, but many many miles between me and my family usually works best for me.
Any act with "fairness" in the title is something to run the other way from. Of course the retail centers want online venders to pay taxes. However, I'd support making it so that free standing stores could get out of taxes to simulate the tax free status online. That would help the economy so much more effectively.
http://m.youtube.com/#/watch?v=oBlLbNVBK...
The only thing that has limited my speed is my speedometer. Why go faster if you don't no how fast? Of course, the road has to be straight and empty. I've taken all my cars over 100 mph hand have the pics to prove it. It's scary that when I'm going that fast, it feels like I'm going 60 mph.