I’m busting my gut listening to Ron Paul. It’s good that he is not against online gambling, but the president doesn’t make the laws, the Congress does – which is why he would be more valuable to the industry if he stays in the House.
He is riding on vague statements which make no sense and would ultimately hurt the average Joe in the long run. Take for example
he is in favor of national sales tax to eliminate the IRS
this is a very, very bad idea, especially for low to middle class. Right now many people get a refund on their taxes or pay low percentage due to deductions, child credit and various other credits your H&R guy knows about. Most of the people basically lend interest-free money to the IRS. If the model changes to national sales tax – all of us will pay taxes all the time, no refunds, nothing. And the national sales tax should be at least 10% to wipe off the IRS, add this to the 6% most of us pay already in our counties and you got yourself a number…The higher price you have to pay will also slow down the economy drastically, because the 10% extra will not go to profit but to the government.
I guess he is talking about the European VAT, but even people in countries with VAT pay taxes. And that model has a lot of loopholes for companies to drain money from the government, as well…As far as I know the UK Vat is 17.5% I think that if you take time and explain to people, that if Ron Paul is president you may end up paying 23.5% total tax on every single item you buy, no one would vote for him.