Time to do away with the 'dealer discount'There is no good reason left for the discount to remain in place? I can think of one:
Back in 1966 when Virginia first instituted its sales tax, retailers complained that the accounting and collection of the tax would be a considerable burden. To compensate for the time and cost involved, the state let retailers keep a small portion of the tax, 2 to 4 percent of the collections depending on the amount of sales. In the 42 years since, of course, it has become far easier to collect the tax and handle the accounting. Computerized cash registers and accounting software make the expense involved minimal.
Gov. Kaine, looking under every sofa in the state capitol for spare change, took note of this so-called "dealer discount," and decided it was time to let the discount expire. That will net the state about $65 million a year.
Retailers, naturally, aren't happy. But there is no good reason left for the discount to remain in place ... [link]
Retailers report worst sales month since 1969
More Retailers Announce Bankruptcy, Store Closings Amid Economic Downturn
Financial Crisis Spreads to Retailers
Retailing Chains Caught in a Wave of Bankruptcies
Of course, when your brain can't think beyond the word Wal-Mart (you've heard of Bush Derangement Syndrome? The Times is afflicted with Wal-Mart Derangement Syndrome), you're more than willing to sign onto a potentially devastating initiative that will drive many of Virginia's retailers further into debt ... and beyond. Because it will hurt Wal-Mart in the process.
This to prop up a government that continues to spend beyond its means.
No good reason? Talk to the folks at Richmond-based Circuit City. Oops. Never mind. They've already been thrown out of work and are on the streets.
Then talk to your neighbor. Because one out of every ten people in this country is now employed in retail. Or was, before Kaine got a hold of him.
No good reason? Only if you think that we can all work for the state prison system when all other jobs disappear.