Sr. Barco

I have read that the new U.S. budget will contain a system of cap and trade. I understand that the cap and trade system will inevitably cause air fares to soar since fossil fuel emmissions will essentially be taxed via the purchasing of credits.

Can anyone weigh in on this subject? This seems like a huge deal for all of us.

S.B.

cal73

Cap and trade...worst idea ever.

jeeps

The claim is that tax rates aren't going up, they're right...for most of us anyway. (nevermind reduction of deductions...)

Unfortunately, the cost of living is going to go sky high...for EVERYONE.

Think about who would be paying for the extra cost of polluting.

forgot to bid

There is also a move to uncap FICA taxes from its current $106K limit.

Now, here is my question for those of you who know taxes better, wouldn't this increase the taxes the company has to pay for every employee above $106K? Anotherwords, in a down economy are airlines going to have their costs increase that much more and put those who could have kept their jobs in jeopardy?

If so, great fun.

jeeps

YES!

The company pays half of your taxes, you pay the other half.

jungle

Now presenting the unbelievable alliance of pseudo science and pseudo economics. This unbeatable force is just the ticket to cripple economic growth, line government pockets, and create jobs for "traders" of the ephemeral. I can only laugh out loud and wonder what the next grand scheme will be to inflict more damage to the economy and every citizen.

milky

I would say we could move to Europe, but unfortunately, they are already light years ahead of us on these socialist policies that are destroying their QOL and ability to work. This will definitely cost every person in this country a lot of money.

tomgoodman

It may be an "attitude tax" on each citizen, the amount to be determined by an interview before a panel of progressive "correct thinkers". Some of us will find ourselves in a very high bracket.

jungle

Before one is placed on the trains for the reeducation camps, remember this:

FROM "THE GULAG ARCHIPELAGO" (1973 by Aleksandr Solzhenitsyn) ON HOW TO RESIST MASS ARREST.

"During an arrest, you think since you aren't guilty, how can they arrest you? Why should you run away? And how can you resist right then? After all, you'll only make your situation worse; you'll make it more difficult for them to sort out the mistake.

"And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say goodbye to his family?

"Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling with terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand?

The Organs [government agencies] would very quickly have suffered a shortage of officers and transport and, notwithstanding all of Stalin's thirst, the cursed machine would have ground to a halt! We didn't love freedom enough. Every man always has handy a dozen glib little reasons why he is right not to sacrifice himself."

skidmark

You are correct. Just remember there almost 4 more years of worst Ideas to come.