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Second, corporations, tend to create monopolies and oligopolies, they manipulate markets, and distort the market.
Looking at the charts below I get the impression that corporations are not paying their fair share of taxes.
Is there a way to get to the pre- 70's situation where they payed their fair share of taxes ?
The only problem is that a zero corporate tax means a zero revenue... .
100% stupid and liberal!! 0% corporate tax would create 30 million new jobs in American and huge new personal income tax revenue!!
. While corporate proffits are on the rise the average wages are declining and the share of income tax is declining.
And yet tax revenue is decreasing.
I KNOW I KNOW - reality is actually incorrect. Just raise the tax some more because 'fair share.' One of the most vapid phrases this past decade.
I am not here to rant against corporations. Just, how was it that the income from corporate taxes was 2 or 3 times higher 40 years ago ?
And yet tax revenue is decreasing.
I KNOW I KNOW - reality is actually incorrect. Just raise the tax some more because 'fair share.' One of the most vapid phrases this past decade.
I am not here to rant against corporations. Just, how was it that the income from corporate taxes was 2 or 3 times higher 40 years ago ?
Income tax rates for small corporations were lower.
http://www.irs.gov/pub/irs-soi/02corate.pdf
Sorry, but they certainly are not. Prices are established by supply and demand in a free market system, and this is the most fair and equitable system ever devised by man. Capitalism can exploit circumstances, which is why we regulate them.
The only problem is that a zero corporate tax means a zero revenue... .
100% stupid and liberal!! 0% corporate tax would create 30 million new jobs in American and huge new personal income tax revenue!!
1) Standard OilSecond, corporations, tend to create monopolies and oligopolies, they manipulate markets, and distort the market.
pure liberal stupidity. There are 60 million corporations and they all compete with each other!! Show your 2 best examples of a tendency toward monopoly or admit to lacking the IQ to be here.
Sorry, but they certainly are not. Prices are established by supply and demand in a free market system, and this is the most fair and equitable system ever devised by man. Capitalism can exploit circumstances, which is why we regulate them.
Oh man... corporations tend to form monopolies and oligopolies... and then tend to manipulate markets, mostly because they can, they also create entry barriers into their market.
Oligopoly
Capitalsm is not fair nor equitable unless it can work in something called perfect competition... and certainly corporations do not fit in the picture.
Perfect competition - Wikipedia the free encyclopedia
, corporations, tend to create monopolies and oligopolies, they manipulate markets, and distort the market.
pure liberal stupidity. There are 60 million corporations and they all compete with each other!! Show your 2 best examples of a tendency toward monopoly or admit to lacking the IQ to be here.
1) Standard Oil
2) Microsoft
Standard oil was broken up100 years ago during a different era and thats your best example?
Microsoft competes with Apple Google and 100's of other companies. If anything Microsoft is losing share to rivals having missed the entire internet, cloud, cell phone, and search businesses. Care to admit you were dead wrong??
, corporations, tend to create monopolies and oligopolies, they manipulate markets, and distort the market.
pure liberal stupidity. There are 60 million corporations and they all compete with each other!! Show your 2 best examples of a tendency toward monopoly or admit to lacking the IQ to be here.
1) Standard Oil
2) Microsoft
Standard oil was broken up100 years ago during a different era and thats your best example?
Microsoft competes with Apple Google and 100's of other companies. If anything Microsoft is losing share to rivals having missed the entire internet, cloud, cell phone, and search businesses. Care to admit you were dead wrong??
The only problem is that a zero corporate tax means a zero revenue... .
100% stupid and liberal!! 0% corporate tax would create 30 million new jobs in American and huge new personal income tax revenue!!
100% lack of brain !! . Any links to support your claim ?
I didn't bother looking at your Wiki-link for "perfect competition" because it sounds like socialist gobbledygook. There is no such thing as "perfect" anything, and if you live your life dreaming of perfection, you will end up very disappointed. There is healthy competition in a free market capitalist system, and this is what drives it.
To illustrate how competition forces work, let's take the example of recently declining gas prices. Where I live, gas has now dropped to $1.91 a gallon. Now.... I have to wonder... why aren't all those greedy rich Big Oil types charging me $3 a gallon instead of $1.91? I mean, we know they are greedy rich bastards who want to make every dime they can because of all the record profits, so why are they short-selling the product? They'd have most of us kissing their butts for $3 gas.... they're missing out on a huge capitalist opportunity, right?
But that's where good old competition comes in. A lot of oil on the market right now means low oil prices, so the price of gas goes down as a result. Wholesalers competing with each other sell their gas to dealers at lower and lower prices, dealers reduce prices lower and lower to draw new customers. It's a remarkable example to show how free market capitalism works and continues to be the best economic system ever devised by mankind
1) Standard OilSecond, corporations, tend to create monopolies and oligopolies, they manipulate markets, and distort the market.
pure liberal stupidity. There are 60 million corporations and they all compete with each other!! Show your 2 best examples of a tendency toward monopoly or admit to lacking the IQ to be here.
2) Microsoft
That said monopolies are rathe rare. Oligopolies aren't.
If you really want to find where oligopolies are in the US take a look at the areas where the US has higher prices than the rest of the developed world :
broadband access
healthcare
medicine / pharma
banks
I didn't bother looking at your Wiki-link for "perfect competition" because it sounds like socialist gobbledygook. There is no such thing as "perfect" anything, and if you live your life dreaming of perfection, you will end up very disappointed. There is healthy competition in a free market capitalist system, and this is what drives it.
To illustrate how competition forces work, let's take the example of recently declining gas prices. Where I live, gas has now dropped to $1.91 a gallon. Now.... I have to wonder... why aren't all those greedy rich Big Oil types charging me $3 a gallon instead of $1.91? I mean, we know they are greedy rich bastards who want to make every dime they can because of all the record profits, so why are they short-selling the product? They'd have most of us kissing their butts for $3 gas.... they're missing out on a huge capitalist opportunity, right?
But that's where good old competition comes in. A lot of oil on the market right now means low oil prices, so the price of gas goes down as a result. Wholesalers competing with each other sell their gas to dealers at lower and lower prices, dealers reduce prices lower and lower to draw new customers. It's a remarkable example to show how free market capitalism works and continues to be the best economic system ever devised by mankind
The concept "perfect competition" is economics 101, not a socialist gobbledygook.
For capitalism to work as you described perfect competition is a requisite, else, market bubbles and market failures start to appear, this is the part where regulations have to be enacted.
I'll give you a counter-example : healthcare. USA has the most expensive healthcare in the world, and believe me it is not the best. Most of the reason this happens is because of the interaction between insurance companies and hospitals
"Between 2000 and 2006, wages in the United States increased by 3.8%, but health care premiums increased by 87%."
18 Ridiculous Statistics About The Health Care Industry That Will Make Tear Your Hair Out - Business Insider
This is what is called market failure: supply and demand are no longer able to yield fair prices. This is a delicate situation specially in healthcare, because demand tends to be quite inelastic.
Market failure - Wikipedia the free encyclopedia
Same goes for microsofts overpriced products , a company with a monopoly can clearly set the prices, put a bad product into the market ( e.g. windows vista ) and force the consumer to upgrade.
Same goes for microsofts overpriced products , a company with a monopoly can clearly set the prices, put a bad product into the market ( e.g. windows vista ) and force the consumer to upgrade.
1) Standard OilSecond, corporations, tend to create monopolies and oligopolies, they manipulate markets, and distort the market.
pure liberal stupidity. There are 60 million corporations and they all compete with each other!! Show your 2 best examples of a tendency toward monopoly or admit to lacking the IQ to be here.
2) Microsoft
That said monopolies are rathe rare. Oligopolies aren't.
If you really want to find where oligopolies are in the US take a look at the areas where the US has higher prices than the rest of the developed world :
broadband access
healthcare
medicine / pharma
banks
Next thing you will tell us is that the Time Warner merger with Comcast will mean higher prices and fewer choices.
Same goes for microsofts overpriced products , a company with a monopoly can clearly set the prices, put a bad product into the market ( e.g. windows vista ) and force the consumer to upgrade.
By the way, I am using Vista and have no problems with it. Also, I missed President Obama's mandate that we have to upgrade, was that in the last State of the Union snoozer? As far as I know, there is not a capitalist system which forces the consumer to do anything.
