On Fri, 10 Aug 2012 06:38:55 -0400, "Jim Wilkins"
wrote:

"The Daring Dufas" wrote in
message ...
...

I seem to recall something called an "ad valorem tax" where a
business must pay a tax on the value of its assets like tools and
equipment used
in the operation of the business. That one always struck me as odd.
O_o

TDD

http://www.justanswer.com/finance/0w...-us-state.html

The inventory tax punishes utilities for stockpiling spares for
disasters.


Which brought "just in time" manufacturing and all the ****ing
bull**** that comes with that.

A machine shop makes 1000 widgets for company A every 6 months.

So when their machines were slow..they would crank out another 1000,
just to have on hand for the next order. Machines break, things speed
up..Company B decides to order 3000 Rumiflusters about the time
Company A is ready for their next order..etc.
Everybody was happy. Prices went up much slower...if the cost of steel
went up overnight...the Widgets up on the shelf were made with the old
cheap steel and Company A would have some warning when they wanted
their next 1000. Everybody was happy.

Then the ****tards in government decided that having those 1000
widgets tucked away in a box up on a shelf, is a company asset..and
taxed the **** out of it. It COST the machine shop money...in material
costs, labor costs, machine costs..and the cost of keeping it up on
the self.

So the companies threw out literally millions of dollars of those
Widgets..right into the trash can. Because tossing them..was cheaper
than paying the taxes on them. And when Company A wanted widgets..they
had better order ahead of time..because Company B was going to be
placing an order. And if they didnt know Company C was going to be
ordering 10000 Blivets..and locked down the machines for 4
weeks...yawn..**** happens.

All because the ****tards in government decided that unsold items were
"assets" to be taxed.

Gunner