Evil corporations sit on $trillions while millions remain unemployed!

[Samson]

Dean, you're not making any sense at all.

Too many Republicans on this board feel they are on the side of millionaires because they too, are millionaires. Simply "millionaires without funds", but they are firmly convinced that one day, their ship will come in. So they are actually protecting what they imagine to be their future wealth. They call it "imagination". I know it to be "delusion".

Not surprised you forgot all about me and my request to hear your 'complex solution.' Good thing I didn't allow you to waste my time.

Placing rdean on ignore is really the best option if you don't want to have your time wasted by his blithering.

 

[Billo_Really]

A better title for this thread is:

Evil unaccountable politicians and government bureaucrats spend $Ts and kill job growth with oppressive regulations they don't read or understand.

There are less regulations now than during the Clinton Administration when we had 8 years of economic growth.

 

[Samson]

Not surprised you forgot all about me and my request to hear your 'complex solution.' Good thing I didn't allow you to waste my time.

I'll give you my solutions:

• close loopholes that allow corporations to off-shore their profits
• provide tax incentives for corporations to manufacture products in the US
• tariff the ones that don't
• raise the tax on capital gains and stock dividends to 35%

That should take enough burden off the middle class for them to start buying again.

Oddly, I see none of your points have anything to do with increasing the amount of income the middle class has to spend, but instead effect corporate profits.

How about actually allowing the middle class to keep more income?

This wouldn't necessarily need to be complex: Simply give a $10,000 tax credit to everyone with an adjusted gross income of less than $150k. Done deal.

Make up the loss in tax revenue by closing Washington DC on Mondays.

 

[Billo_Really]

Oddly, I see none of your points have anything to do with increasing the amount of income the middle class has to spend, but instead effect corporate profits.

How about actually allowing the middle class to keep more income?

This wouldn't necessarily need to be complex: Simply give a $10,000 tax credit to everyone with an adjusted gross income of less than $150k. Done deal.

Make up the loss in tax revenue by closing Washington DC on Mondays.

Forcing corporations to pay the same tax rate as the middle class does, will increase government revenue to the point where they can pay down the deficit, fund infrastructure projects and get more American's back to work.

I do like your tax credit for those making under 150K, though.

 

[Cookie]

OR ... Just institute the Fair Tax and all this goes away.

 

[Skull Pilot]

OR ... Just institute the Fair Tax and all this goes away.

The so called fair tax is too complicated.

Sending people a monthly check as a "prebate" is ridiculously expensive and unnecessary.

Do away with that nonsense and just lower the rate.

 

[longknife]

Actually, if corporate America is sitting on money that they could invest or spend wisely to make money and create jobs then others would see the opportunity too and make the money themselves. This is the exact nature of capitalism.

The reality, however, is that globalization and Obama's idiotic anti-business liberal policies have left far fewer domestic opportunities for American corporations.

Obama's biggest liberal socialist blunder is, of course, Obamacare.

Your title just about brought about a flaming response about leftist attacks on corporations. Thankfully, I read your comments and find I agree completely!

 

[Samson]

Oddly, I see none of your points have anything to do with increasing the amount of income the middle class has to spend, but instead effect corporate profits.

How about actually allowing the middle class to keep more income?

This wouldn't necessarily need to be complex: Simply give a $10,000 tax credit to everyone with an adjusted gross income of less than $150k. Done deal.

Make up the loss in tax revenue by closing Washington DC on Mondays.

Forcing corporations to pay the same tax rate as the middle class does, will increase government revenue to the point where they can pay down the deficit, fund infrastructure projects and get more American's back to work.

I do like your tax credit for those making under 150K, though.

Thanks, but I'm not sure how funding infrastructure projects necessarily directly effects middle class income. These projects could be given to those that already have jobs, and much of the income may go to owners of companies (the wealthy) that are awarded the government bid.

Note I said Tax CREDIT, not a DEDUCTION. This would essentially eliminate the payment of almost all tax by anyone with an AGI of $150k/yr, which is well over 50% of the US population:

The 60 percent of households earning between roughly $20,000 and $101,000 collectively earned 46.6 of all income,

Imagine the wave of spending.

 

[Cookie]

OR ... Just institute the Fair Tax and all this goes away.

The so called fair tax is too complicated.

Sending people a monthly check as a "prebate" is ridiculously expensive and unnecessary.

Do away with that nonsense and just lower the rate.

The FAIR TAX is too complicated? Compared to what? The current tax code?

 

[Defiant1]

Not surprised you forgot all about me and my request to hear your 'complex solution.' Good thing I didn't allow you to waste my time.

I'll give you my solutions:

• close loopholes that allow corporations to off-shore their profits
• provide tax incentives for corporations to manufacture products in the US
• tariff the ones that don't
• raise the tax on capital gains and stock dividends to 35%

That should take enough burden off the middle class for them to start buying again.

All of your solutions would hurt the middle class in the long run.

 

[Troubled_CA]

Actually, if corporate America is sitting on money that they could invest or spend wisely to make money and create jobs then others would see the opportunity too and make the money themselves. This is the exact nature of capitalism.

The reality,

CONS and REALITY? oxymoron much?.

is that globalization and Obama's idiotic anti-business liberal policies have left far fewer domestic opportunities for American corporations.

"Corporate Profits Just Hit An All-Time High"
Corporate profit margins just hit an all-time high. Companies are making more per dollar of sales than they ever have before.


Read more: Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low - Business Insider

Sounds like an ANTI Business atmosphere?

Only in your tiny mind, CONS

explain how we lost 3 million jobs by 2005?

fear of "Future Obama"?

morons

"FACTCHECK: As of the latest figures released last month, the economy had 2.3 million fewer total jobs in November than when Bush took office.

Even at the worst of the job slump last July, the job loss was just 2.7 million.

Focusing only on private-sector jobs ignores the tens of thousands of new government workers hired-including teachers, policemen and federal airport security workers-and makes the job slump sound worse than it was.

Government jobs are ok to create during a GOP administration.
can any of you disingenuous CONS spell HYPOCRITE?

But even the loss of private-sector jobs under Bush now stands at 2.7 million according to most recent statistics. It did go to 3.2 million at the worst of the slump. "

Source: FactCheck on 2004 Presidential Primary Debate in Iowa Jan 4, 2004

FactCheck.org analysis of 2004 presidential debates

How many of you morons are going to try and blame the Dems for THAT???

Only the ignorant ones.
the GOP controlled all 3 branches of government during this period.

OH and lets NOT FORGET the STIMULUS that Bush enacted in 2002!

Paul Ryan Supported Economic Stimulus Under Bush: 'You Have To Spend A Little To Grow A Little' | ThinkProgress

"Paul Ryan Supported Economic Stimulus Under Bush: ‘You Have To Spend A Little To Grow A Little’"

ANOTHER GOP HYPOCRITE !
what a surprise.

actually the surprise is how short and narrow your memories ARE.

 

[Skull Pilot]

OR ... Just institute the Fair Tax and all this goes away.

The so called fair tax is too complicated.

Sending people a monthly check as a "prebate" is ridiculously expensive and unnecessary.

Do away with that nonsense and just lower the rate.

The FAIR TAX is too complicated? Compared to what? The current tax code?

It's silly to give people a "prebate"

It's expensive and unnecessary. What's the sense of replacing the crap we have now with a tax that is more complicated and more expensive to implement than it has to be?

If you want a national sales tax then fine just get rid of the prebate and lower the rate.

 

[Troubled_CA]

Make up the loss in tax revenue by closing Washington DC on Mondays.

Here we see a con without a CLUE.

Try Reality once in a while. It helps.

 

[Samson]

Make up the loss in tax revenue by closing Washington DC on Mondays.

Here we see a con without a CLUE.

Try Reality once in a while. It helps.

Another Partisan Blithering Idiot.

rdean would be proud.

 

[JoeNormal]

Many of their profits are from foreign earnings. Some of these corporations have ticker symbols on foreign stock exchanges. They don't physically have to move to make money. As long as these businesses re-frame from repatriating their foreign income to America, they do not have to pay taxes on it. They can effectively expand in business friendly environments, avoid paying corporate taxes while staying in America all at the same time.

It's full of win.

No doubt. Our biggest ace in the hole is that no country on Earth produces as many good little consumers as we do. I think most corporations have become dependent on that.

No. No, they do not. For example, 41% of Apple's sales are American based. The United States has less Coca-Cola production consumption than Mexico, Chile and Panama and it's still falling.

Corporations do not need America at all. Justifying the extraction of wealth from corporations simply due to the fact that they're native companies is generally a bogus concept. In the end, it really doesn't matter what you raise taxes to, because the truly rich will never pay them.

Meh, these sound like cherry-picked anomalies. Overall, nobody can consume like Americans.

 

[AmazonTania]

No doubt. Our biggest ace in the hole is that no country on Earth produces as many good little consumers as we do. I think most corporations have become dependent on that.

No. No, they do not. For example, 41% of Apple's sales are American based. The United States has less Coca-Cola production consumption than Mexico, Chile and Panama and it's still falling.

Corporations do not need America at all. Justifying the extraction of wealth from corporations simply due to the fact that they're native companies is generally a bogus concept. In the end, it really doesn't matter what you raise taxes to, because the truly rich will never pay them.

Meh, these sound like cherry-picked anomalies. Overall, nobody can consume like Americans.

While that may be true, it doesn't necessarily mean that these Corporations will be lost without you. There is plenty of profit to be made in building wealth in other countries. You really don't believe that a Chinese factory work building your iPad isn't thinking, 'Gee, it would be nice if I had one of these.'

As countries prosper, they become more of consumerist economy. Corporations will have newer and fresher markets to expand. Then America will have to decide whether or not it's worth it to marginalise these businesses.

 

[Troubled_CA]

Another Partisan Blithering Idiot.
.

Sorry fool.
the Blithering Idiot is the one who believes:

"Make up the loss in tax revenue by closing Washington DC on Mondays."
or are you 12?

 

[Samson]

Meh, these sound like cherry-picked anomalies. Overall, nobody can consume like Americans.

Correction:

Overall. nobody HAS CONSUMED like Americans.

Don't confuse what will happen in the future with what has happened in the past. E.G. There is nothing to prevent India and China from consuming like America.....


Of course, there are finite resources, which means if India or China consumes more, then someone will need to consume less.............

it does not take much imagination to guess who this might be.

 

[Samson]

Another Partisan Blithering Idiot.
.

Sorry fool.
the Blithering Idiot is the one who believes:

"Make up the loss in tax revenue by closing Washington DC on Mondays."
or are you 12?

"It cannot happen," isn't a compelling arguement...

...Worse, you are boring.

***yawn***

 

[Troubled_CA]

"It cannot happen," isn't a compelling arguement...

I don't see you presenting a FACTUAL argument.

flapping gums, do not a fact, make.
(except to a conservative)