That is what FoxNews is reporting this morning: Fed Looks To Auto Mileage as Source of New Revenue.
Look, years ago, we joked about congress taxing the air we breathe or the miles we drive. We were only kidding. Now, they are pursuing "Cap and Trade" (the air we breathe) and a Federal tax on personal transportation.
Apparently, the current crop of legislators, on both the state and federal levels, believe their job is to come up with new and novel ways of stealing our money. What's next? Well, if we do not put a stop to this idiocy, your 401k will be next. Your home represents another large pool of money (we call it 'equity'). Many Democrats believe that once you are dead, ALL your money should go to the government. The medical industry may become an arm of the Federal government as it is in Canada, charging what it will, ordering the limitation doctor pay and hospital allowances prescribed levels and keeping the remainder for government coffers.
Establishment legislators exist in mass in all political parties. The Democrat Party knows nothing but big spending, but there are plenty of big spenders in the GOP. Here is a fact of life that is undeniable: if you spend more that you make, sasaaay 40% more, you DO NOT HAVE A BUDGET PROBLEM because you don't have a budget. All you have is a wish list and the ability (for a time) to get people to buy into it. Then, folks decide that you are only borrowing more and more money and stop loaning you money.
Understand that making interest payments is not reducing debt.
Take Costa Mesa, California. They have an unionized public workforce of more than 400 workers. And they have a 15 million dollar deficit, this year alone. Much of that debt is the result of union legacy demands. And the union has refused to allow for cuts in their benefit package. Because of this circumstance, the City of Costa Mesa has given 200 pink slips to the city's workforce. Half of these union workers face layoffs because of the kind of selfishness we have seen across the nation, beginning in Wisconsin.
Solution? quantify as many "pools of cash" as you can, and figure out a way of confiscating a portion of those pools.
Or you can actually solve the problem by bring spending in line with total income and go from there.
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