posted
low margin compared to what? manufacturing TV's in Taiwan and mainland china?...
Wal-Mart is one of the largest businesses in the world... adn ADM is one of the ag leaders. ADM:
Cost of products sold increased 21% to $40.8 billion primarily due to higher average prices of agricultural commodities and increased sales volumes. Manufacturing costs for 2007 and 2006 include a $21 million and $62 million charge, respectively, for abandonment and write-down of long-lived assets. In addition, cost of products sold increased $874 million, or 3%, due to currency exchange rate fluctuations.
Item 7.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)
Selling, general, and administrative expenses of $1.2 billion were comparable to 2006 and include $25 million of currency exchange rate increases. Excluding the impact of currency exchange rate increases, selling, general and administrative expenses decreased $23 million principally due to 2006 selling, general and administrative expenses including $20 million of severance costs associated with the closure of a citric acid plant.
Earnings Before Income Taxes '07 $ 3,154,000,000
'06 $ 1,855,000,000
Item 7.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)
Other operating profits increased $99 million to $409 million. Other – Food, Feed, and Industrial operating profits increased $55 million and include a $53 million gain on the sale of the Company’s Arkady food ingredient business and a $15 million charge for abandonment and write-down of long-lived assets. Other – Food, Feed, and Industrial operating results for 2006 include a $51 million charge for abandonment and write-down of long-lived assets, a $2 million charge related to the adoption of FIN 47, a $9 million charge representing the Company’s share of a charge for abandonment and write-down of long-lived assets reported by an unconsolidated affiliate of the Company, a $17 million gain from the sale of long-lived assets, and a $16 million charge related to exiting the European animal feed business. Excluding the effect of these 2007 and 2006 items, Other – Food, Feed, and Industrial operating profits declined $44 million due primarily to cocoa processing operating results declining from prior year levels and costs related to the start-up of the Company’s natural plastics production operations. Cocoa processing operating results declined primarily due to increased industry production capacity which caused downward pressure on cocoa processing margins. These increases were partially offset by improved operating results of the Company’s wheat flour processing and protein specialty operations. Other – Financial operating profits increased $44 million principally due to increased valuations of the Company’s private equity fund investments and higher operating results of the Company’s futures commission merchant business, partially offset by lower operating results of the Company’s captive insurance operations. The results of the Company’s captive insurance operations for 2007 include a $12 million charge related to a Hurricane Katrina trade disruption insurance settlement.
Corporate expense decreased $199 million to $7 million principally due to a $345 million increase in realized securities gains principally resulting from sales of the Company’s equity securities of Tyson Foods, Inc. and Overseas Shipholding Group, Inc. and a $103 million reduction in unallocated interest expense due principally to higher levels of invested funds and higher interest rates. These decreases were partially offset by a $206 million charge, compared to a $12 million credit in the prior year, related to the effect of changing commodity prices on LIFO inventory valuations and a $46 million charge related to the repurchase of $400 million of the Company’s outstanding debentures.
Income taxes increased due principally to higher pretax earnings and the absence of last year’s $36 million income tax credit related to the recognition of federal and state income tax credits and adjustments resulting from the reconciliation of filed tax returns to the previously estimated tax provision. The Company’s effective tax rate during 2007 was 31.5% and, after excluding the effect of last year’s $36 million tax credit, was 31.2% for the prior year. The increase in the Company’s effective tax rate is primarily due to changes in the geographic mix of pretax earnings.
quote:Originally posted by CashCowMoo: You want to know something really sad? in 2004 or early 2005 we had some elections in Iraq. I was in Ramadi at the time and it was a hell hole. Threats of death, torture, and kidnappings were made to anyone going outside on voting day and going to vote.
And you know what? more people turned out to vote that those who turn out to vote in america.
there is a per capita thing of course but the percentage of eligible voters was way higher than what you see in the states.
its sad....people are lazy and getting worse.
something about Bush has people more fired up and ready to vote than they have been in years tho CCM...
and it's not his good side that did it ...
how's life stateside?
glad you are back home... you are back now right?
do you ever hear from dardadog anymore? i haven't seen hide nor hair o' that houndog inawhile...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
IP: Logged |
posted
yep I am back and ready to get out in just a few months. I am flying back home this weekend for 30 days of leave. Got a lot of interviews lined up, and will be looking at homes.
Speaking of homes im trying to figure out if the VA home loan is best or if there is a better program out there for me purchasing my first house.
I am going to be so glad Bush is out soon. Many guys in my unit feel he is the worst president ever. We cant really be vocal about it though because first off he is our commander & chief and under military law we cant slander. That really doesnt matter though its all the bush lovers in the military. In fact it seems like that the only ones left who do like him. If I walked into my area at work and said out loud how much of a pathetic loser bush is many people would be furious, and you know thats pretty sad that they dont see it.
I have always voted and been a republican type, but you know something is telling me maybe we need some change...who can do it? not hillary she is too corrupt by washington already and we have seen her dark side. obama? i dunno....i would accept him as president but would be VERY cautious.
just dont take away my guns, raise taxes, and for crying out loud someone PLEASE organize washington and stop the wild goosechase spending. get everyone out of iraq, and halt the amero and the flood of illegals. bush has expanded our government wayyy too much. why do we need homeland security? what is that? dont we have enough of that from all the other agencies and law enforcement? are we just making stuff up so we can spend more money? i dont get it...why are grown ups acting like kids.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.
IP: Logged |
quote:Originally posted by Propertymanager: We need to do something about the condition of very poor that cannot help themselves. (Notice how that "we" is automatically translated inside your brain to "middle class", because we understand what is at stake, who will benefit, and who has to shoulder the load.) We know the filthy rich don't want to help those people. They need them to keep on buying the over priced fat butt producing food they supply marked up several times over cost but won't serve themselves.
What would you do about the very poor? Also, if you think the RICH are exploiting the poor by overpricing their "fat butt producing food they supply marked up several times over cost", why don't you get some of your buddies together and start producing and selling food at lower prices? The grocery and farming businesses are very low margin businesses. If I thought I could do it cheaper and make a reasonable profit, I would do it!
Mike
You have proved once again that you don't know what you are talking about and when you do talk, it is through your hat,
The supermarket retail grocery business works at about an average 3/4th of one percent markup with a planned average turn over of approximately 1.3 days. Sit down and work out 0.75% compounded about 280 times and get an idea what the annual profit actually is. I'll take it and I'll bet you will too.
The grocery business is only one that is a necessity for the very poor, taking a huge percentage of their budget and it isn't the oddball in it's profiteering.
IP: Logged |
So again my question. If you guys believe that the food producers and the grocery stores are making a killing at the expense of the poor, why not put some people together and start a chain of farms and grocery stores and sell your products for less. You could make a "reasonable profit" and benefit mankind. What would be wrong with that?
My other question is what does bdgee think we should do about the very poor? Does he have an idea of something that would help?
IP: Logged |
quote:Originally posted by CashCowMoo: yep I am back and ready to get out in just a few months. I am flying back home this weekend for 30 days of leave. Got a lot of interviews lined up, and will be looking at homes.
Speaking of homes im trying to figure out if the VA home loan is best or if there is a better program out there for me purchasing my first house.
I am going to be so glad Bush is out soon. Many guys in my unit feel he is the worst president ever. We cant really be vocal about it though because first off he is our commander & chief and under military law we cant slander. That really doesnt matter though its all the bush lovers in the military. In fact it seems like that the only ones left who do like him. If I walked into my area at work and said out loud how much of a pathetic loser bush is many people would be furious, and you know thats pretty sad that they dont see it.
I have always voted and been a republican type, but you know something is telling me maybe we need some change...who can do it? not hillary she is too corrupt by washington already and we have seen her dark side. obama? i dunno....i would accept him as president but would be VERY cautious.
just dont take away my guns, raise taxes, and for crying out loud someone PLEASE organize washington and stop the wild goosechase spending. get everyone out of iraq, and halt the amero and the flood of illegals. bush has expanded our government wayyy too much. why do we need homeland security? what is that? dont we have enough of that from all the other agencies and law enforcement? are we just making stuff up so we can spend more money? i dont get it...why are grown ups acting like kids.
have you thought about running for congress?
it's a real good time for Vets to be meeting and greeting.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
IP: Logged |
i have thought about getting into local politics though. not sure if I would want to claim any party though with all the mess that each one carries with it.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.
IP: Logged |
posted
If they just quit I.R.Sing everybody to death... and with all the loop holes for the rich and all. The rich get richer. Instead of income tax, a what you buy tax would kick a$$!
IP: Logged |
posted
The funny thing about this election is, it is not about Dem. or Rep. or Ind. or issues ironicaly enough............. It is all about getting rid of Bush and the war scandle. It was the same in 2000 when we elected Bush "who had no position on any issue BTW, just a famous last name" but we still elected him.. WHY, to get rid of Clinton and to have a president that didn't have "those kind" of scandals in the White house.
Let's reflect now on the pro's and cons, LMAO. I will take president B.J. over President Blow **** up any day. BUT, he was elected for the wrong reasons, and the American people are probably going to make the same mistake in this election.
FOCUS ON THE ISSUES.
OH, BTW, hi from Missippi this evening and Memphis, TN Tomm. Bdg, I am dying to hear it....................................................................
-------------------- If ignorance is bliss, why aren't more people happy?
IP: Logged |
posted
cottonjim wrote, "Let's reflect now on the pro's and cons, LMAO. I will take president B.J. over President Blow **** up any day. BUT, he was elected for the wrong reasons, and the American people are probably going to make the same mistake in this election."
yeah, it's like they tell us they're cooking dinner, but all we have to choose from is crap and puke... and that will be $400 please.
IP: Logged |
posted
For the love of God, In this whole country, WHY can't we find a a$$hole that's not such a freekin' a$$hole? Is it that hard to run the free world?
IP: Logged |
quote:Originally posted by Highwaychild: cottonjim wrote, "Let's reflect now on the pro's and cons, LMAO. I will take president B.J. over President Blow **** up any day. BUT, he was elected for the wrong reasons, and the American people are probably going to make the same mistake in this election."
yeah, it's like they tell us they're cooking dinner, but all we have to choose from is crap and puke... and that will be $400 please.
the lesser of two evils does not even begin to describe the choice, does it.
-------------------- If ignorance is bliss, why aren't more people happy?
IP: Logged |
quote:Originally posted by glassman: it seems to me that anybody with enough ego problems to actually want the job, has, well, has EGO problems
The presidancy has become more about the "POWER" and less about leading our great nation into the future since the '96 election. That us when the attitude changed and the tactics changed.
-------------------- If ignorance is bliss, why aren't more people happy?
IP: Logged |
quote:Originally posted by glassman: huckabee and ron paul have both said that...
whether thye could actually get'er done? i dunno..
it would "naturally" create incentive to save money...
we are now (probably) in our third year of a negative savings rate in the US that's somehting that hasn't happened since the depression hit...
Not only would the "fair tax" create an incentive for people to save money...it would also force the underground (drug dealers, pimps, prostitutes, etc.), and the wealthy to pay their fair share of taxes...
Ron Paul also wants to dismantle the Federal Reserve...another damn good idea!
posted
We should also be elegible for rebate/credit (some kind of reward) based on our individual carbon-footprint: for example, someone who drives a 4-cylinder, high-mileage vehicle, whose home uses little electricity, gas and water vs another who drives a Hummer and lights up the neighborhood with a gluttonous, energy-drain of a house.
If private corporations doing government business are a good idea, they at least need to be accountable to public procedure and FOI. The DTC comes to mind...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
IP: Logged |
quote:Originally posted by Propertymanager: Glassman,
So again my question. If you guys believe that the food producers and the grocery stores are making a killing at the expense of the poor, why not put some people together and start a chain of farms and grocery stores and sell your products for less. You could make a "reasonable profit" and benefit mankind. What would be wrong with that?
My other question is what does bdgee think we should do about the very poor? Does he have an idea of something that would help?
The idea that there is one simple answer to the problem of helping the very poor assumes that there is one simple answer (or just a few) to the question of why people are among the very poor. It just isn't true that there is a "reason" or even a handleable list of reasons that put people among the very poor (we are just beginning to admit that battle fatigue can be one reason and we too often choose not to see that physical handicap is another) and to assert that anyone should provide or be able to provide an answer before seriously attacking the problem is simple minded (or maybe dishonest).
It is much like suggesting that someone provide "A WAY" to cure sickness, which, of course, assumes the simple minded (an incorrect) assumption that all illnesses are the same or can be successfully treated with the same method. (Unless, of course, you follow the lead of Tom Cruise, to the Church of Scientology.) You can't rationally treat cancer with penicillin and you can't expect to cure polio with a liver transplant.
And when is it objective to declare that since there is no simple answer, the problem shouldn't be attacked? Many cancers are successfully treated via surgery, others succumb to radiology and others to chemotherapy.......some kinds, that now look to be hopelessly untreatable will, with time and serious research, be found to be treatable with some methods we cannot now understand.
However, I do have suggestions for how to approach the problem. Begin, first, with getting over the idea that is insurmountable, so not worth the effort. Second forget the idea that any one is guilty or anyone is innocent.....it is a problem that plagues us and warrants serious attention. (Blaming the poor fool that has AIDS hasn't helped one iota.) Third, discard the notion that anyone or any group or all of us are not responsible. WE licked polio and smallpox and how many other sicknesses, because WE, COLLECTIVELY, set about to do so.
Understand that "The Free Market" has no interest in or ability to consider "the general welfare", but that hunger and sickness and poverty do indeed lower it.
In that document that begins with the statement that "We the People of the United States ... do ordain and establish this Constitution for the United States of America", there is no requirement that WE provide for profit of any magnitude for the wealthy (or anyone) nor any hint that "The Free Market" is a desired goal, mechanism, or even a preferred direction or consequence for "We the people".
IP: Logged |
posted
there is no requirement that WE provide for profit of any magnitude for the wealthy (or anyone) nor any hint that "The Free Market" is a desired goal, mechanism, or even a preferred direction or consequence for "We the people".
So, if not the free market - what?
So, you don't have any solutions to the problem of the very poor even though you're the one promoting doing something about it. Surely, you have some ideas.
posted
Not only would the "fair tax" create an incentive for people to save money...it would also force the underground (drug dealers, pimps, prostitutes, etc.), and the wealthy to pay their fair share of taxes...
That's why it will never work. We certainly can't have everyone sharing in the tax burden. The poor will be exempt and everyone else will want an exemption. Tex is already wanting his reward for living without using that evil energy.
I think the fair tax is a GREAT idea, but it will never happen.
quote:Originally posted by Propertymanager: Not only would the "fair tax" create an incentive for people to save money...it would also force the underground (drug dealers, pimps, prostitutes, etc.), and the wealthy to pay their fair share of taxes...
That's why it will never work. We certainly can't have everyone sharing in the tax burden. The poor will be exempt and everyone else will want an exemption. Tex is already wanting his reward for living without using that evil energy.
I think the fair tax is a GREAT idea, but it will never happen.
Mike
prop man, are you an entrepreneur or not? no entrepreneur ever said what you just said. they see problems as opportunities.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
IP: Logged |
posted
I'd prefer giving Tex an exemption for clean livin rather than Exxon Mobile for some loophole exploitation.
Will there be corruption of a new tax system? Yeah, human nature to try and find out how. But I think it'd be better than the status quo personally.
Oh, and as to the grocer dealy. They are called CSA's (Community Supported Agriculture) and provide locally produced agricultural products to a certain amount of members depending on the size of the land. You get more for your money from a CSA than you could from the grocery store, remove the transportation economics out of the equation and many are organic or semi-organic in nature.
I could also introduce you to a guy who is doing some crazy things with eggs by creating special feed for his chickens. It's organic (of course) and the eggs look a little green when cooking but the eggs are jam packed with nutritional value.
BF
-------------------- No longer eligible for government service due to lack of tax issues.
IP: Logged |
posted
by a severe twist of fate, i happen to know an awful lot about the USDA... Abraham Lincoln founded the USDA BTW.
in the last year we have seen a big decrease in the amount of food purchased for food banks at the same time that needs have increased. Food banks are seeing more and more failing/recently failed homeowners. Many people who were just getting by as renters tried to grab the brass ring when given the chance, and are now in worse shape than they were before they bought the houses they couldn't afford. Is it their fault? sure, but lenders are EQUALLY responsible for not doing their own due dilligence too.
here's some research to evaluate if you want:
Program Data
Introduction
The Program Data site provides selected statistical information on activity in all major Food and Nutrition Service Programs (FNS). These include the Food Stamp Program; the Special Supplemental Food Program for Women, Infants and Children (WIC); Child Nutrition Programs (National School Lunch, School Breakfast, Child and Adult Care, Summer Food Service and Special Milk); and Food Distribution Programs (Schools, Emergency Food Assistance, Indian Reservations, Commodity Supplemental, Nutrition for the Elderly, and Charitable Institutions).
Four types of tables are provided: historical summaries, annual state level data for selected elements, monthly national level data for major programs, and the latest available month for state-level participation in major programs. The summaries begin with 1969, the year that FNS was established to administer the Department of Agriculture's nutrition assistance programs.
quote:Originally posted by Propertymanager: there is no requirement that WE provide for profit of any magnitude for the wealthy (or anyone) nor any hint that "The Free Market" is a desired goal, mechanism, or even a preferred direction or consequence for "We the people".
So, if not the free market - what?
So, you don't have any solutions to the problem of the very poor even though you're the one promoting doing something about it. Surely, you have some ideas.
Mike
You just don't seem to be able to understand.
You have repeatedly proposed a faulty reasoning by blaming those among the very poor, which not only doesn't even suggest there is a problem to solve, it declares that the problem is the fault of those people in order to absolve you of any responsibility.
Then, in order to hide from the fact that you want an excuse to refuse to participate and to prevent others from participating in solving the problem, you want to disguise that fact by saying others have no solution and therefore there is no problem that can be or should be attacked.
There is no simple single reason or billing of reasons that put the very poor in that category and, as such, there is noone simple and final flu vaccine simple way or billing of ways to end the problem.
Even were it possible to propose one, it would be like attempting to discover that one simple and final flu vaccine that will eliminate flu forever. Were it possible to create such a vaccine, then we would see the viruses that cause influenzas to mutate to become immune to that one simple and final flu vaccine.
Do you want to go on record as opposed to the study of developing flu vaccines, because no one of them will solve the problem forever? It's the same approach you suggest to poverty (and just about anything that isn't financial and stemming from free market theory)!
The route to solving a problem is not in refusing to acknowledge it is a problem or in decrying the lack if simple bumper-sticker-able solutions, but that is the sum and total of your contribution.
IP: Logged |
posted
So, you want to complain about the problem, but you don't have a single idea of any way to improve things.
Well, then here's my idea. My idea is to incentivize able-bodied people to work. President Clinton did this in the 90s when he reformed the welfare system. What he did was quite successful for a short time, until the idiots in the government found ways of giving out welfare while calling it something else.
My idea is to reform the system again. Cut off benefits (over a 1 year period) for those that are able to work. Stop paying people on government assistance to have more children. People on social security and other programs should be allowed to work if they like, with no limit on the amount of money they can make. They paid into social security, so why should they not receive benefits if they want to work?
Assistance to drug addicts should be stopped, while money for treatment and job placement should be increased.
The mentally ill should be properly cared for, including re-institutionalizing those that are severly ill.
posted
They paid into social security, so why should they not receive benefits if they want to work?
because it is social security...
not a pension plan.
Social Security pays a very low rate of return for two-income households with children. Social Security's inflation-adjusted rate of return is only 1.23 percent for an average household of two 30-year-old earners with children in which each parent made just under $26,000 in 1996.1 Such couples will pay a total of about $320,000 in Social Security taxes over their lifetime (including employer payments) and can expect to receive benefits of about $450,000 (in 1997 dollars, before applicable taxes) after retiring at age 67, the retirement age when they are eligible for full Social Security Old-Age benefits.2 Had they placed that same amount of lifetime employee and employer tax contributions into conservative tax-deferred IRA-type investments-such as a mutual fund composed of 50 percent U.S. government Treasury bills and 50 percent equities-they could expect a real rate of return of over 5 percent per year prior to the payment of taxes after retirement. In this latter case, the total amount of income accumulated by retirement would equal approximately $975,000 (in 1997 dollars, before applicable taxes).
it was never intended to be a pension plan, but it has gotten outa crontol...
i do not beleive that we should allow the SS program to "invest" in the market at all, because the market is not safe.
i recently heard Cramer say that there are about 100 hedge funds that completely dominate/dictate how/when the market will go bull or bear.
they have the cash power to basically skim all of the cream off the top and maybe even make skim milk out of the market if they get that crazy, d'oh, maybe they alreadsy have?
-------------------- Don't envy the happiness of those who live in a fool's paradise.
IP: Logged |
quote:Originally posted by Propertymanager: So, you want to complain about the problem, but you don't have a single idea of any way to improve things.
Well, then here's my idea. My idea is to incentivize able-bodied people to work. President Clinton did this in the 90s when he reformed the welfare system. What he did was quite successful for a short time, until the idiots in the government found ways of giving out welfare while calling it something else.
My idea is to reform the system again. Cut off benefits (over a 1 year period) for those that are able to work. Stop paying people on government assistance to have more children. People on social security and other programs should be allowed to work if they like, with no limit on the amount of money they can make. They paid into social security, so why should they not receive benefits if they want to work?
Assistance to drug addicts should be stopped, while money for treatment and job placement should be increased.
The mentally ill should be properly cared for, including re-institutionalizing those that are severly ill.
That's my plan. What do you think?
It is simply a simple minded abuse of the governmental power based on a strictly political position that seeks to blame those not among the wealthy rather than provide for the general welfare. It is not a solution of any kind. It is an excuse to avoid responsibility by blaming things on someone or something else, so that you are neither burdened nor responsible for the situation or the results.
Clinton's effort that you point out did not work, even for a short time, other than spending monies that otherwise would have gone toward assisting those people, on a "police force" to try and make them do what they already have proved they cannot.
Until the economy can and will (for the last few yours it could have but, for the most part, sent those jobs offshore) provide means for those people to participate, of their own free will (yeah, I think they, too, have a right to the "American Dream"...you cannot, via political expediency or via edict, make them enjoy whatever job you assign them) in the society in a meaningful way (meaningful to them, not to you or me or the republican party ot the catholic church) and without stigma, they will not be able to and your program fails before it begins. Call them names or call them lazy and you produce bitterness and resentment, not enthusiasm. Call on them to perform to suit your needs or wishes and you have slavery. Neither gets us productive members of society that contribute.
IP: Logged |
I think that those on SS should be able to make up to 100 grand in family income (adjusted for inflation) before penalties on draw come into play (at least until they have reached the full value of what they paid in to the program).
I don't like that widows only receive 50% of a partners benefit after death either.
Caring for the mentally ill would be a HUGE step in the right direction regarding poverty and homelessness. That would be a good chunk of change though...you ready for that?
I think that there shouldn't be limits to how much you can make in a year to be on welfare. That defeats the idea of getting people back on their feet.
Here is my idea on how welfare should work. If you are accepted on to welfare you are no longer eligible for any type of credit until you have completed the program (Car Loan, Home Loan, Paycheck Advance...anything) You must meet with a Financial Councilor once a quarter while on welfare. You can make as much as you are able to under the welfare system until you feel you can continue on without it. There will be two ceilings based on net worth rather than savings or earnings. Basing the ceilings on net worth would prevent abuse without penalizing productive workers. The first ceiling would be an automatic 40% decrease in welfare benefit once reached to help ween those without the inner fortitude to embrace being on their own off of the system. The second ceiling when reached will require completion of the program.
I agree the system needs to be tweaked so that having more children isn't a benefit but I don't know how to do that.
Drug addiction........tough issue. Best thing we could do is close the gaps in the Mexican border.
BF
-------------------- No longer eligible for government service due to lack of tax issues.
IP: Logged |
quote:Originally posted by Propertymanager: Not only would the "fair tax" create an incentive for people to save money...it would also force the underground (drug dealers, pimps, prostitutes, etc.), and the wealthy to pay their fair share of taxes...
That's why it will never work. We certainly can't have everyone sharing in the tax burden. The poor will be exempt and everyone else will want an exemption. Tex is already wanting his reward for living without using that evil energy.
I think the fair tax is a GREAT idea, but it will never happen.
Mike
PM WHY wouldn't it work...you would pay taxes on what you buy (sales tax)...not on what you earn (income tax). Consumers are not going to stop consuming...there is a solution for everything.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
...![[Eek!]](eek.gif)
