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re: RE: corporate tax cuts
Posted on 11/21/17 at 2:07 pm to Haughton99
Posted on 11/21/17 at 2:07 pm to Haughton99
quote:
Manufacturing will come back to the US when robots start doing the work that Chinese poor people are doing now.
Unemployment is what...4.1% right now? Our standard of living is extraordinarily high.
I do not understand the beef. So what if mundane jobs are done cheaper elsewhere. It is why I don't grow my own produce. SOMEONE "over there" (Iowa, Kansas, California...) can grow it faster and cheaper. I get to fly helicopters to pay those folks to do what THEY do well.
2
Posted on 11/21/17 at 2:08 pm to Erin Go Bragh
quote:
No. The money belongs to the corporation and not to the government. The corporation does not, and should never have to, explain to the government what it does with it's earnings.
How do you dumb mother frickers function? I mean your truly stupid. This is not rocket science
We have COngressman right now who are telling us (turn on your TV news channel of your choice) that various companies from large to small are telling them that IF the government lowers tax rates that the companies will use that money to create new jobs and pay higher wages.
My question was,is,and always will be very simple. Should a lower tax rate be tied to those businessman doing what they have said they would do?
Posted on 11/21/17 at 2:10 pm to Erin Go Bragh
quote:
No. The money belongs to the corporation and not to the government. The corporation does not, and should never have to, explain to the government what it does with it's earnings.
Theoretically you are right, but the corporation is a legal "individual" if you like, that is only allowed to exist due to aegis set forth by government, thus a corporation is an artificial person who owes its designation to actions of the state. So the state sees a good in the creation of the corporate entity. However, the corporate entity, that artificial "individual" does owe something back to the state . They owe the state for the infrastructure at a bare minimum.
quote:
The corporation does not, and should never have to, explain to the government what it does with it's earnings.
Fair enough, but if they don't have to and if they don't want to, then the state is under no obligation, either morally or contractually to lower the taxes. In the real world, quid pro quo happens between big business and the government....and has in this country since at least the creation of the railroads if not before....Erie Canal
Posted on 11/21/17 at 2:10 pm to Haughton99
quote:
This corporate tax cut is not about jobs and wages, it is about donations and congressmen fulfilling promises made to donors.
This is stupid and ignorant.
Companies have left this country in droves because there are more favorable corp tax rates in foreign countries. And they’ve taken jobs and a shite ton of GDP/tax revenue with them.
A 20% corp tax rate makes us the 3rd lowest in the world, which will bring these companies back to the US, in addition to droves of foreign companies who had been avoiding setting up shop here otherwise.
This indisputably will create millions of jobs and increase GDP, which in turn will offset the reduction in tax rate so there is no falloff in tax revenue.
More jobs means less jobless claims and less welfare outlay. More people with more earned money means more spending in the economy on products and services. Which means more GDP and more tax revenue.
You dumbshit Lefties are suffering from Trump Derangement Syndrome so much you can’t help talking ignorant drivel out your arse.
Posted on 11/21/17 at 2:10 pm to HeyHeyHogsAllTheWay
quote:
HeyHeyHogsAllTheWay
First of all go frick yourself. I'm certain that is your only avenue to a sexual encounter.
quote:
Should a lower tax rate be tied to those businessman doing what they have said they would do?
And the answer numbnutz is still, no
This post was edited on 11/21/17 at 2:11 pm
Posted on 11/21/17 at 2:10 pm to BlackHelicopterPilot
quote:
Why is productivity and PROFIT such a bad word for some people?
Not a bad word but don't claim that you will help the economy when you are only doing it for personal gain.
quote:
If I take three bids from reasonably equal contractors, I'm hiring the one I have to pay the least.
What if one of those are a foreigner or illegal. Are you going to put America first?
Posted on 11/21/17 at 2:11 pm to boogiewoogie1978
quote:
quote:
Haughton99
quote:
The reason jobs are shipped overseas is .00001% taxes and 99.99999% because people in other countries will do the same job for way less pay.
Lowering taxes will increase profits, nothing more, nothing less.
Manufacturing will come back to the US when robots start doing the work that Chinese poor people are doing now.
This deserves to be re-posted more than once.
Nah, that is a very incomplete picture.
Some will do dividends and buy backs (not the worst thing in the world if you own a 401k). Some will go on an M&A spree. Some will invest in R&D. Some will invest in their work forces. Most will probably do some combination of all of the above.
At the very least, we need to do something about the idiotic repatriation policies we have. Either bring our nominal rates down to what most of the OECD has or get rid of repatriation taxes (something that pretty much only the U.S. does).
Posted on 11/21/17 at 2:11 pm to BlackHelicopterPilot
quote:
Unemployment is what...4.1% right now? Our standard of living is extraordinarily high.
I do not understand the beef. So what if mundane jobs are done cheaper elsewhere. It is why I don't grow my own produce. SOMEONE "over there" (Iowa, Kansas, California...) can grow it faster and cheaper. I get to fly helicopters to pay those folks to do what THEY do well.
We don't disagree. You are just missing my point. You are right about the unemployment rate. That's just more proof that the current tax rate is not holding back employment opportunities. This is boom time for every industry other than oil and gas in this country.
It's just further proof Politicians who claim that they support these tax cuts because jobs and wages are lying sacks of shite.
Posted on 11/21/17 at 2:11 pm to HeyHeyHogsAllTheWay
quote:
each company proving that they are investing those savings in hiring more people/better wages?
A business isn't a hiring center. If the product that business makes, necessitates expansion, and tax cuts allow for that expansion to occur more rapidly, then the business will do so. Government mandates never work as intended, and neither would this.
quote:
I would, sorry I don't just trust that corporate fat fricks would do the right thing.
But you trust the government? Tell me, what have they done with the 20-30% of your income (assuming you work and pay taxes) that warrants a tax increase? Name me 1 government run entity that can run as efficient as a private business.
Posted on 11/21/17 at 2:13 pm to Haughton99
quote:
It's just further proof Politicians who claim that they support these tax cuts because jobs and wages are lying sacks of shite.
Do you understand economics, at all? A little?
Profitability ensures competition which drives innovation and employment. The less profitable an industry is determines there will be less opportunity
Posted on 11/21/17 at 2:14 pm to Haughton99
quote:
Productivity and profit are great words. They make the world go round. Nothing wrong with them. The problem the OP and many others have is the lie being told that corporations are going to suddenly increase wages, hire more people, and bring jobs back to this country, just because they get a big tax cut. It's complete nonsense.
That's not how this works. Cutting taxes takes money out of the hands of politicians, bureaucrats, and cronies and puts it in the hands of private interests, consumers and taxpayers. What they do with that capital is their business, but the whole argument here is over who is the best user of the resource.
This post was edited on 11/21/17 at 2:17 pm
Posted on 11/21/17 at 2:15 pm to Haughton99
Spock would whip your arse in 3D chess.
Posted on 11/21/17 at 2:16 pm to HeyHeyHogsAllTheWay
quote:
that various companies from large to small are telling them that IF the government lowers tax rates that the companies will use that money to create new jobs and pay higher wages.
So, when a startup tech dude has some cool idea and gets it to work...and, along comes Apple to buy that tech company for a billion dollars...that isn't a good thing for that small company and its investors / shareholders?
Now, that happens EVERYDAY in smaller ways:
A small engineering firm is profitable and is bought by a bigger one. The owners get PAID and the employees get absorbed into a big firm with better benefits and wages.
A helicopter pilot wants to start his one business to compete with his current employer. That employer has more profits and puts that into the bank. THAT bank has money to lend (now) and can do so at competitive rates. The intrepid pilot borrows funds to start his dream and, of course, approaches the co-workers he knows to be good and offers them higher pay. The original employer, not wanted to lose the intrepid pilot AND the best others, counters the offers and they stay right where they are at HIGHER wages.
this is happening NOW. It happens more when profits are HIGHER because the intrepid pilot sees a greater reward for his risk (available) and the current owners are putting MORE MONEY into either the bank (to loan) or into their employees (to retain them from competitors)
Posted on 11/21/17 at 2:16 pm to BlackHelicopterPilot
bringing back manufacturing jobs and cutting Taxes are what republicans say to get elected. Crazy part is people actually believe them.
Posted on 11/21/17 at 2:17 pm to HeyHeyHogsAllTheWay
quote:
If you were a member of Congress would you insist that any corporate tax cuts would be contingent on each company proving that they are investing those savings in hiring more people/better wages?
Holy crap. It's just so easy to laugh at some of you fools.
No, genius we don't want congress telling corporations how to spend their money.
Are you really this dense?
Posted on 11/21/17 at 2:18 pm to HeyHeyHogsAllTheWay
That's just what I need. The government telling my 2 person corporation how we can spend tax "savings". What could possibly go wrong?
Posted on 11/21/17 at 2:18 pm to Erin Go Bragh
quote:
Should a lower tax rate be tied to those businessman doing what they have said they would do?
And the answer numbnutz is still, no
Interesting.
Why on Earth would you possibly be okay with a company lying to you or the government?
That's why this country is so fricked up, we are led by Congressman who lie to us who are influenced by lobbyists who lie to us , but they keep getting elected by idiots like you who don't care that we are being lied to.
Posted on 11/21/17 at 2:20 pm to HeyHeyHogsAllTheWay
quote:
That's why this country is so fricked up, we are led by Congressman who lie to us who are influenced by lobbyists who lie to us , but they keep getting elected by idiots like you who don't care that we are being lied to.
Why do you trust government with money more than the people?
Posted on 11/21/17 at 2:21 pm to hawkeye007
Raising taxes and expanding government intervention in people's lives are what Democrats promise. Funny thing . . . people take them at their word.
This post was edited on 11/21/17 at 2:22 pm
Posted on 11/21/17 at 2:21 pm to BeefDawg
quote:
This is stupid and ignorant.
Companies have left this country in droves because there are more favorable corp tax rates in foreign countries. And they’ve taken jobs and a shite ton of GDP/tax revenue with them.
No they haven't. They've moved production overseas because of lower wages required to do the same work. Cutting taxes doesn't fix that at all.
quote:
A 20% corp tax rate makes us the 3rd lowest in the world, which will bring these companies back to the US, in addition to droves of foreign companies who had been avoiding setting up shop here otherwise.
When you factor in deductions we are competitive with the rest of the world when it comes to taxes. If any corporation in the US pays anywhere near the actual tax rate then they should fire their CFO immediately.
quote:
This indisputably will create millions of jobs and increase GDP, which in turn will offset the reduction in tax rate so there is no falloff in tax revenue.
More jobs means less jobless claims and less welfare outlay. More people with more earned money means more spending in the economy on products and services. Which means more GDP and more tax revenue.
The old trickle down theory that never ever in the history of ever has actually happened.
quote:
You dumbshit Lefties are suffering from Trump Derangement Syndrome so much you can’t help talking ignorant drivel out your arse.
You mouth breathing Trumpkins are mindless sheep who believe anything Fox News tells you.
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