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Tag: Ask Jack Welch About It
By JGillman, Section News
However long it takes for the sleepy reps in the US house to take up this inane garbage.
The premise that promoted the Marketplace Fairness Act, which flew through the house tonight by a vote of 69-27, is that it is fair to those poor street based businesses, and already SOME groups are touting this as a win for the local shop-keeper or mom and pop store. And not only are pro brick and mortar lobbyists happy. Michigan legislators are drooling at the potential windfall of nearly $450 million they feel is not being collected as sales tax receipts today.
Wow! More money without raising taxes! Sorta Kinda.
What the geniuses in Lansing and our nations capitol do not understand however, is the incredible dynamic nature of a truly FREE market. The way things are at this time allows a flexibility that will be gone under a 'new management' consortium of nearly 40 states. (Our newest silent partners - with waiting baseball bats) This is not to say that people should not pay their taxes for online purchases, but Lansing lawmakers like Kowall and those who might actually saddle up with this not-so-well thought out plan to eek out that extra pocket change from Michigan taxpayers just puts 20 lb hammers in the hands of other states' legislatures, and marks any internet retailers who call Michigan home as spikes who are only going to be made part of the grade.
And the train rolls on.
(3 comments, 761 words in story) Full Story
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