Cory Morse/Muskegon Chronicle, via Associated PressA LITTLE OFF THE TOP Michigan residents may have to pay a 5.5 percent tax for haircuts. States across the nation are considering similar taxes on services to solve their budget problems.
via www.nytimes.com
The last line of this article reads: "What else are you going to do," referring to why states want to charge taxes on services. That's okay, until you figure out that when people cannot afford things they don't need to simply exist, revenues will fall, businesses will go broke, people will spend less, and states will fail. Never in our history (that whole breaking away from England thing) has more and more taxes lead to a better economy. Why would anyone think this is so today.
In answer to the "What else can we do" question - Well, in California here's a few things to consider: Get rid of our legislature which has a whopping 9 - 11% approval rating; stop paying for illegal aliens to get free medical, free, school, and free social services, and stop taxing the hell out of us.
Just a thought...
Some time ago, I needed to buy a good car for my corporation but I didn't have enough cash and couldn't order anything. Thank God my brother proposed to get the loans at banks. So, I acted so and used to be happy with my term loan.
Posted by: NortonMarisol30 | 11 June 2010 at 02:02