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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Steve203 ⎊❂🐝 HONORARY
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Number: of 22354 
Subject: Re: Trumps Anti-Robin Hood Tax...
Date: 11/19/25 10:16 AM
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Let's really crank up taxes on things that are just no good for people. That would serve to both collect revenue and to discourage people from buying things that are no good for them.

Michigan has been doing that, at an increasing rate. The state lottery started in the early 70s. The real wave has been over the last 25 years, when casino gambling started. A few years ago, on line casino and sports gambling was legalized. More recently, weed was legalized. Each time, the (L&Ses) say the revenue from these industries is "for the schools", while they take money from general revenue away from school funding, to cover another "JC" tax cut. The latest one is repeal of the 6% sales tax on motor fuel, and a "revenue neutral" increase in the fuel tax, so there is more money for road maintenance (Michigan is notorious for bad roads. Before the current Gov came in, per capita road funding was half that of surrounding states). So how did they make up for the lost sales tax revenue? They added an additional 24% tax on weed. At some point, they will tax weed so much people will go back to the black market, and the state's revenue will drop.

Steve
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This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
G’day Donny · 30 recs · 2026
Old Related Story · 28 recs · 2026
HCR is a national treasure · 27 recs · 2025
Fascism in America · 27 recs · 2025
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