Wild Fires In LA

[Sandra Koutsopoulos]

Building supplies can't show up overnight for sure, gouging, anti-gouging or not. Labor isn't an instant commodity either. More pain comin' I predict.

 

[Sandra Koutsopoulos]

re: the trucks... I had read that CA was fazing out the licensing of Diesel trucks. Hmmm.... They are powerful machines. That could be another wrinkle in the near-future.

 

[gregb]

For the ghoulish out there-

The $125 million Roy mansion from Succession, once the priciest home in Pacific Palisades, reduced to ashes in devastating wildfires. - Luxurylaunches

luxurylaunches.com

 

[Dublin ohio]

Before any reconstruction can take place the first demand is going to be for a lot of heavy equipment, dump trucks, dumpsters, toxic material specialists. That process itself will take time. Repairing the infrastructure will be another challenge

 

[Charles West]

So you're not talking about scrapping the IRS in favor of a consumption tax? Okay. You can do all sorts of things with that arrangement. Especially if you put me in charge of it.

The beauty of a national sales tax will essentially make the IRS obsolete. See Trumpitus's recent promotion of a National Tariff Commission

 

[TerryRohrer]

For the ghoulish out there-

The $125 million Roy mansion from Succession, once the priciest home in Pacific Palisades, reduced to ashes in devastating wildfires. - Luxurylaunches

luxurylaunches.com

I wonder if Charles was on Leo's plane?

 

[Charles West]

I wonder if Charles was on Leo's plane?

OMG. We flew right over the target, but all the electricity had been turned off. I only saw darkness, white smoke plumes, and weird-looking, powerful searchlights casting about.

 

[Mike Ault]

The beauty of a national sales tax will essentially make the IRS obsolete. See Trumpitus's recent promotion of a National Tariff Commission

It won't do anything to correct the regressive nature of such a tax.

This progressive approach aims to distribute the tax burden equitably, with wealthier individuals contributing a larger share of their income. The rationale is those who have less should contribute less, and those with more income who have benefitted from economic prosperity should be responsible for perpetuating the growth cycle.

https://www.investopedia.com/ask/answers/042815/progressive-tax-more-fair-flat-tax.asp#:~:text=Supporters%20of%20the%20progressive%20system,tax%20burden%20of%20the%20poor.

 

[Charles West]

It won't do anything to correct the regressive nature of such a tax.

This progressive approach aims to distribute the tax burden equitably, with wealthier individuals contributing a larger share of their income. The rationale is those who have less should contribute less, and those with more income who have benefitted from economic prosperity should be responsible for perpetuating the growth cycle.

https://www.investopedia.com/ask/answers/042815/progressive-tax-more-fair-flat-tax.asp#:~:text=Supporters%20of%20the%20progressive%20system,tax%20burden%20of%20the%20poor.

A national sales tax is very progressive. Rich people buy expensive stuff, travel well, eat and drink well. A tax on their daily activities would bring in large sums of net revenue. If you don't believe me, Google estimates total sales volume on any given day in the US.

 

[Mike Ault]

A national sales tax is very progressive. Rich people buy expensive stuff, travel well, eat and drink well. A tax on their daily activities would bring in large sums of net revenue. If you don't believe me, Google estimates total sales volume on any given day in the US.

Google says..... "don't trust supply siders"

Most income tax schemes are progressive because they usually rely on graduated rates which increase the percentage of income paid as income rises. In contrast property and sales taxes tend to be regressive in nature by virtue of the fact that they make everybody pay the same flat rate.

is a national sales tax considered a progressive tax - Google Search