Drudge Retort: Red Meat for Yellow Dogs
Friday, January 22, 2010

Okay, so there are lots of problems with the "Goldman Tax" that President Obama wants to enact. But those aren't reasons to kill the tax. They're reasons to have MORE revenue-raisers like the Goldman Tax. The government is desperate for money, after all, and taxpayers are going to cough it up one way or the other, no matter where the tax starts. So here are some other "responsibility fees" that would bring in needed funds while encouraging Americans to behave better:

Liberal Blog Advertising Network

Menu

Subscriptions

Author Info

Phoenix

MORE STORIES

Special Features

Comments

Admin's note: Participants in the discussion of this weblog entry should note the site's moderation policy.

Not sure which is my favorite, this --

If Microsoft ever sold a system as bad as Vista again, it would give every American a Zune.
(in the AIG tax), the Ayn Rand tax, or the Kanye West tax.

Hrm... this reminds me of a movie...

Oh yeah! Figures it would be a movie based on a cartoon:

The Tax Man: You just docked?

Popeye: I has.

The Tax Man: Ah ha, let's see here, that'll be $0.25 docking tax.

Popeye: What for?

The Tax Man: Where's your sea craft?

Popeye: It ain't no sea craft, it's me dinghy and it's under the wharf.

The Tax Man: Ah ha. ahh-ha. This your goods?

Popeye: They is.

The Tax Man: Yeah. You're new in town right?

Popeye: If you call this a town, yes.

The Tax Man: Well, first of all, there's $0.17 new-in-town tax, and there's $0.45 rowboat-under-the-wharf tax, and one dollar leaving-your-junk-lying-
around-the-wharf tax, so all together, you owe the Commodore $1.87.

Popeye: Uh, who's this Commodore?

The Tax Man: Is that the nature of question? There's a nickel question tax.

Popeye (1980)

"Goldman Sachs and the other big banks that would pay this new levyofficially called the Financial Crisis Responsibility Feewill probably just pass the $90 billion cost onto consumers."

Concern about them passing the cost of the tax on to consumers but not about the cost of the bonuses being passed on to consumers. Irony?
BTW, I don't know when the last time I did business with Goldman Sachs so how are they going to pass any cost on to me???
I think this "pass the cost on to consumers" talking point is just conveniently attached to anything that has the word tax in it. Doesn't matter if it fits, if its relevant or not, they just attach it to see if it sticks.

Concern about them passing the cost of the tax on to consumers but not about the cost of the bonuses being passed on to consumers. Irony?
-- #3 | Posted by danni

The bigger irony is the suggestion that somehow the cost of this tax could be a bigger burden on consumers than the cost of banks' continued recklessness would be.

Interesting to see people's reactions to this article. I thought it was fun bipartisan humor -- found myself applauding things like the Ayn Rand tax while knowing that many R's would read it the way Mooman did.

Danni, so you think that the banks will trade the bonus money for the taxes they will pay. I think you are wrong on both counts.

When you get a raise at your job what does your employer do?

If they want to make a profit they either increase your workload or they raise prices.

Increasing taxes works the exact same way. The bank pays the tax but they will just raise your fees to cover it.

This will just be another tax on the middle class that Obama said he wouldn't push.

#3 | Posted by danni

So it will not effect you since you do not do business with them, ok. I have health insurance and should have to pay for other people health insurance.

Comments are closed for this entry.


Drudge Retort

Home | News | Comments | User Blogs | Nooner | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Copyright 2012 World Readable