"The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes." - Milton Friedman (who often seemed to be right)
It looks like President Bush is going to sign into law the Unlawful Internet Gambling Act. This is the brainchild of the man who said, "I think there are a lot of very rich people out there whom we can tax at a point down the road," Rep. Barney Frank (I love how he refuses to respond to people who don't live in his district, which leads me to believe that he should give up his chair on the Finance Committee). Whether or not you are into gambling, the only real reason for this legislation is because the government cannot figure how to control, and ultimately tax, transactions that take place on the internet. The NFL on the other hand, which opposes most internet gambling, has a man in the Bush Administration and would love to see this go through. Just more weak legislation that won't work and won't benefit the people.
Read more here.
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