Anybody heard about the 25% VAT tax proposal to pay for the socialized health care? EVERYTHING will rise 25%, food, clothing, cars, etc.etc. VAT = value added TAX, just like the europeans! If I wanted to be like the europeans I would've moved there. BTW you'll still have to pay your state sales tax on top of the VAT tax. Nice huh?
How are they going to get more taxes out of us if nobody has a job? I dont think any of these automakers going bankrupt will hurt the value of the classic cars but all the people losing there jobs will!!
I heard two weeks ago that they were going to do it on June 1st... This whole "we are trying to work until the last minute to avoid it" was just BS.
I really don't mind GM going Chap 11 and reorganizing their business.. they should have done it 6 months ago. What I mind is our government owning 70 percent of a private company and rewriting bankruptcy law to screw over the small investors and benefit the unions. Yep, the same unions that REALLY supported them in the elections and donated tons of cash. Really stinks.
I also have no faith the US govt can run GM, especially one so idealistic. I can just see it now when they kill the cars people want and "direct" GM to make a lot more tiny cars that don't sell. I also see problems with anit-trust issues. I'm sure all govt fleets will have to be GM, etc. No competative bidding. Ford was brilliant not to take the "bailout" cash.
__________________
"A ship in port is safe, but that's not what ships are built for."
How are they going to get more taxes out of us if nobody has a job? I dont think any of these automakers going bankrupt will hurt the value of the classic cars but all the people losing there jobs will!!
Expect a VAT tax idea to start floating around. Simple math says that they need NEW streams of tax revenue.
Don't you know.. higher taxes always stimulates the economy and creates jobs.
__________________
"A ship in port is safe, but that's not what ships are built for."
Anybody heard about the 25% VAT tax proposal to pay for the socialized health care? EVERYTHING will rise 25%, food, clothing, cars, etc.etc. VAT = value added TAX, just like the europeans! If I wanted to be like the europeans I would've moved there. BTW you'll still have to pay your state sales tax on top of the VAT tax. Nice huh?
Woops.. missed your post..
Yea.. and the fun part is that since a VAT tax hurts "the poor" they will set up a deal where those "poor" that don't pay ANY income tax will get a tax credit to help offset the costs to them for a VAT tax.
So those of us that work will pay our VAT tax AND thier VAT tax.
But we should stay on the GM topic. I also heard that they've been directed to kill the Hummer brand.
__________________
"A ship in port is safe, but that's not what ships are built for."
Sorry about straying off topic. My wife is wanting a 2010 Camaro and we were gonna wait until 2011, but the idea of paying 25% extra (VAT) is really pissing me off, not to mention I planned on starting my frame off PT project on my 68' this summer and I know its gonna take me a few years and the possibility of it costing me 25% more doesnt settle well. I'm really mad as hell and I feel like I'm watchin the country fall apart before my very eyes and theres nothing I can do. Not only that but I think thats the plan of the idiots in congress.
Come on guys you are killing me! just went I figure out how to use my LONE STAR card to pay for Pfadt Spherical Bearing kit that just came in and all the Zo6 parts that will be order next month went I get my welfare check on the 1st.with out our govt I wouldn't try and build a car to keep up with Bad Penny. I'm working on this car very hard just to keep up, with no change in hell of out running penny they said it just unfair So the union is trying to get me a new LS7 with all the money from all the 401k plan in this state.I love my govt. you will not hear me Bitching.They still wouldn't buy me race tires!The govt say its not in the budget maybe I can ask Bernnie MADOFF?
Come on guys you are killing me! just went I figure out how to use my LONE STAR card to pay for Pfadt Spherical Bearing kit that just came in and all the Zo6 parts that will be order next month went I get my welfare check on the 1st.with out our govt I wouldn't try and build a car to keep up with Bad Penny. I'm working on this car very hard just to keep up, with no change in hell of out running penny they said it just unfair So the union is trying to get me a new LS7 with all the money from all the 401k plan in this state.I love my govt. you will not hear me Bitching.They still wouldn't buy me race tires!The govt say its not in the budget maybe I can ask Bernnie MADOFF?
I'm not even going to run in the Optima race this year since they told me if I win I will have to give my award to someone who didn't win since it would be unfair for me to have all the awards.
__________________
"A ship in port is safe, but that's not what ships are built for."
Brian Hobaugh SCCA National Tour June 2014
First Hemi 'Cuda Convertible Ever Built
Short clips: Goodguys Pleasanton autocross and pit videos
BTW you'll still have to pay your state sales tax on top of the VAT tax. Nice huh?
Linear Mode
