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Obama wants to tax DIRT now!

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posted on Dec, 10 2011 @ 09:10 AM
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reply to post by mastahunta
 


China is becoming a leader of mining in the world, they were the last time I checked number 3, 2007, this means that they will be inundating the markets with cheap easily accessible raw materials, mining in the US will never be able to compete with China like everything else China will take over.

Is just a matter of time, taxing will just make the transition more painful for US mining industry.




posted on Dec, 10 2011 @ 11:40 AM
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So, assuming this tax becomes reality, how long before builders are taxed? An individual putting in a pool? This may sound a bit of a reductio ad absurdum, but it seems to me many taxes do end up being absurd like NC requiring taxes be paid on the possession of illegal substances, proposed European taxes on cow flatulence, Canadian taxes on blank digital media which go to a general fund for the recording and movie industry on the assumption the media will be used for pirating, essentially a fee on an illegal practice, etc. More taxes don't save an economy.
Like JFK said, "Our true choice is not between tax reduction, on the one hand, and the avoidance of large federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget just as it will never produce enough jobs or enough profits. It is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now."



posted on Dec, 10 2011 @ 11:48 AM
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The mining industry would haul away a mountain to get one diamond. What with mountain top removal, strip mining, and all the other practices that permanently alter the shape of the land and create practically irreversible problems (soil, erosion, pollution, etc), this might be a decent idea aimed at making them think twice before irresponsible mining behavior aimed at simply turning a profit.



posted on Dec, 10 2011 @ 12:15 PM
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reply to post by Misterlondon
 


Yes...it is mere pennies on the pound... but multiply that by tons...and the costs are exponential. Further, we keep driving up costs just a little bit...and then just a little bit more...suddenly, it is only pennies cheaper to get the product overseas... imported. That is what has happened time and again.

We tax to death the goose that has laid the golden egg... so now we import dog food from China, paint, tungsten, corn, strawberries, etc... when we have millions of acres of rich, empty farm lands here...we are importing food...really?

All because of just a few pennies tax per pound... no one will notice.



posted on Dec, 10 2011 @ 12:15 PM
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I could honestly see this tax being extended to apply to the thousands of nurseries nationwide that dig and process topsoil for gardening purposes. And how about the materials from construction excavations? Taxing dirt Hmmmm could they even extend this to you planting a garden?




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