Republican tax cut will not trickle down

[rightwinger]

The Republican tax cuts won't trickle down, CEO writes in scathing op-ed

It's not a surprise to Todd Carmichael, co-founder and CEO of La Colombe Coffee Roasters in Philadelphia.

"I can tell you what no other CEO wants to tell you," Carmichael writes in an op-ed in The Philadelphia Inquirer: "A half-trillion dollars of corporate tax giveaways proposed by the GOP aren't going to do a thing for the middle class, or create a single job. Because what every CEO knows but won't tell you is this: A tax break for their company simply means a fatter bottom line. Not jobs. Not investment." CEOs have "a powerful fiduciary duty to return all profits to shareholders — not to the employees, or the suppliers, or the community and certainly not to the unemployed or left behind," he explained. "Profit goes to shareholders (and the CEO) and not to the employees."


Just like when we cut taxes before. Cut taxes on the wealthy........and they just keep it

No matter what the regressives say, corporations don't pay taxes, it's all added into the cost of the product or service.


.

No it is not

If corporations could charge more for their goods or services.......they would already be doing it

 

[rightwinger]

The Republican tax cuts won't trickle down, CEO writes in scathing op-ed

It's not a surprise to Todd Carmichael, co-founder and CEO of La Colombe Coffee Roasters in Philadelphia.

"I can tell you what no other CEO wants to tell you," Carmichael writes in an op-ed in The Philadelphia Inquirer: "A half-trillion dollars of corporate tax giveaways proposed by the GOP aren't going to do a thing for the middle class, or create a single job. Because what every CEO knows but won't tell you is this: A tax break for their company simply means a fatter bottom line. Not jobs. Not investment." CEOs have "a powerful fiduciary duty to return all profits to shareholders — not to the employees, or the suppliers, or the community and certainly not to the unemployed or left behind," he explained. "Profit goes to shareholders (and the CEO) and not to the employees."


Just like when we cut taxes before. Cut taxes on the wealthy........and they just keep it

Okay, so let's take your argument as valid... let's say it turns out exactly as you say and profits are returned to shareholders. What will the shareholders do with that money?

There are only three possibilities. 1) Spend it. 2) Invest it. 3) Consume it. There is no other possibility... agreed?

Now, if they spend it, then it goes back directly into the economy. If they invest it, then it also goes back into the economy through loans made by banks who hold the invested capital. This leaves consumption.... SO... they could eat the money or throw it in the fireplace, thereby "consuming" it..... BUT, if they do this, it lessens the amount of currency available in the market which increases the value of currency remaining.

The term "trickle down" is quite simply a description of how ALL free market economic systems work.

They sit on the money....it does not go back into the economy
Inflating the costs of stocks does not help the economy or add jobs

 

[Fort Fun Indiana]

Are you really so stupid that you don't know accountants project tax liabilities years out..

You're just making shit up as you go.

Read and learn child.

The Difference Between Income Tax Expense & Income Tax Payable

This is just a drop in the bucket of tax accounting.


.

How about you just give us a short summary of the article in your own words?

 

[Boss]

They sit on the money....it does not go back into the economy
Inflating the costs of stocks does not help the economy or add jobs

What do you mean? They put it in bales and sit on top of it under a blanket, sipping hot cocoa?

Or do you mean, they INVEST it?

Yes, I covered what happens when someone INVESTS money. The money goes into a bank where it is then made available to people who need money. Maybe they want to open a bagel shop or computer store? Maybe they want to build a house or buy a car? They need some money... they go to a bank and take out a loan. That money is the money which is deposited by the "money sitter-oners" in which they will earn a dividend in return for making the money available.

You didn't think there was a magical money fairy, did you?

 

[Fort Fun Indiana]

The Republican tax cuts won't trickle down, CEO writes in scathing op-ed

It's not a surprise to Todd Carmichael, co-founder and CEO of La Colombe Coffee Roasters in Philadelphia.

"I can tell you what no other CEO wants to tell you," Carmichael writes in an op-ed in The Philadelphia Inquirer: "A half-trillion dollars of corporate tax giveaways proposed by the GOP aren't going to do a thing for the middle class, or create a single job. Because what every CEO knows but won't tell you is this: A tax break for their company simply means a fatter bottom line. Not jobs. Not investment." CEOs have "a powerful fiduciary duty to return all profits to shareholders — not to the employees, or the suppliers, or the community and certainly not to the unemployed or left behind," he explained. "Profit goes to shareholders (and the CEO) and not to the employees."


Just like when we cut taxes before. Cut taxes on the wealthy........and they just keep it

Okay, so let's take your argument as valid... let's say it turns out exactly as you say and profits are returned to shareholders. What will the shareholders do with that money?

There are only three possibilities. 1) Spend it. 2) Invest it. 3) Consume it. There is no other possibility... agreed?

Now, if they spend it, then it goes back directly into the economy. If they invest it, then it also goes back into the economy through loans made by banks who hold the invested capital. This leaves consumption.... SO... they could eat the money or throw it in the fireplace, thereby "consuming" it..... BUT, if they do this, it lessens the amount of currency available in the market which increases the value of currency remaining.

The term "trickle down" is quite simply a description of how ALL free market economic systems work.

Yet, somehow, what the rest of us call "reality" has managed to defy your magical economic hypotheses, demostrating trickle down theory to be an abject failure. And, now that we know it's a failure, saying othwerise is not a mistake made by a guy like you making up shit off the cuff, but it's actually a lie.

 

[Boss]

Yet, somehow, what the rest of us call "reality" has managed to defy your magical economic hypotheses, demostrating trickle down theory to be an abject failure. And, now that we know it's a failure, saying othwerise is not a mistake made by a guy like you making up shit off the cuff, but it's actually a lie.

You've not defied anything or shown anything to be a failure except for Socialism and left-wing progressive policies.

 

[OKTexas]

The Republican tax cuts won't trickle down, CEO writes in scathing op-ed

It's not a surprise to Todd Carmichael, co-founder and CEO of La Colombe Coffee Roasters in Philadelphia.

"I can tell you what no other CEO wants to tell you," Carmichael writes in an op-ed in The Philadelphia Inquirer: "A half-trillion dollars of corporate tax giveaways proposed by the GOP aren't going to do a thing for the middle class, or create a single job. Because what every CEO knows but won't tell you is this: A tax break for their company simply means a fatter bottom line. Not jobs. Not investment." CEOs have "a powerful fiduciary duty to return all profits to shareholders — not to the employees, or the suppliers, or the community and certainly not to the unemployed or left behind," he explained. "Profit goes to shareholders (and the CEO) and not to the employees."


Just like when we cut taxes before. Cut taxes on the wealthy........and they just keep it

No matter what the regressives say, corporations don't pay taxes, it's all added into the cost of the product or service.


.

No it is not

If corporations could charge more for their goods or services.......they would already be doing it

You have to remain competitive or you may as well close your doors. Lower taxes make US businesses more competitive because it reduces the costs of doing business.


.

 

[Fort Fun Indiana]

Yet, somehow, what the rest of us call "reality" has managed to defy your magical economic hypotheses, demostrating trickle down theory to be an abject failure. And, now that we know it's a failure, saying othwerise is not a mistake made by a guy like you making up shit off the cuff, but it's actually a lie.

You've not defied anything or shown anything to be a failure except for Socialism and left-wing progressive policies.

You weirdo, it's not me that shows it to be a failure. It's nearly 40 years of economic statistics that show an accelerating wealth and income gap and stagnant wages, despite record corporate profits. Dang you are weird...it's like you think I'm some sort of god, or something.

 

[OKTexas]

Are you really so stupid that you don't know accountants project tax liabilities years out..

You're just making shit up as you go.

Read and learn child.

The Difference Between Income Tax Expense & Income Tax Payable

This is just a drop in the bucket of tax accounting.


.

How about you just give us a short summary of the article in your own words?

I provided the link, read it, or don't.


.

 

[Fort Fun Indiana]

The Republican tax cuts won't trickle down, CEO writes in scathing op-ed

It's not a surprise to Todd Carmichael, co-founder and CEO of La Colombe Coffee Roasters in Philadelphia.

"I can tell you what no other CEO wants to tell you," Carmichael writes in an op-ed in The Philadelphia Inquirer: "A half-trillion dollars of corporate tax giveaways proposed by the GOP aren't going to do a thing for the middle class, or create a single job. Because what every CEO knows but won't tell you is this: A tax break for their company simply means a fatter bottom line. Not jobs. Not investment." CEOs have "a powerful fiduciary duty to return all profits to shareholders — not to the employees, or the suppliers, or the community and certainly not to the unemployed or left behind," he explained. "Profit goes to shareholders (and the CEO) and not to the employees."


Just like when we cut taxes before. Cut taxes on the wealthy........and they just keep it

No matter what the regressives say, corporations don't pay taxes, it's all added into the cost of the product or service.


.

No it is not

If corporations could charge more for their goods or services.......they would already be doing it

You have to remain competitive of you may as well close your doors. Lower taxes make US businesses more competitive because it reduces the costs of doing business.


.

So let me get this straight....just the other day you were touting the amazing economy and record corporate profits...but suddenly, we need tax breaks to be competitive.

 

[Fort Fun Indiana]

Are you really so stupid that you don't know accountants project tax liabilities years out..

You're just making shit up as you go.

Read and learn child.

The Difference Between Income Tax Expense & Income Tax Payable

This is just a drop in the bucket of tax accounting.


.

How about you just give us a short summary of the article in your own words?

I provided the link, read it, or don't.


.

So what, anyone can copy a link. Give us a short little summary, in your own words, so that we can decide if it's worth our time. Should be easy for you!

 

[OKTexas]

The Republican tax cuts won't trickle down, CEO writes in scathing op-ed

It's not a surprise to Todd Carmichael, co-founder and CEO of La Colombe Coffee Roasters in Philadelphia.

"I can tell you what no other CEO wants to tell you," Carmichael writes in an op-ed in The Philadelphia Inquirer: "A half-trillion dollars of corporate tax giveaways proposed by the GOP aren't going to do a thing for the middle class, or create a single job. Because what every CEO knows but won't tell you is this: A tax break for their company simply means a fatter bottom line. Not jobs. Not investment." CEOs have "a powerful fiduciary duty to return all profits to shareholders — not to the employees, or the suppliers, or the community and certainly not to the unemployed or left behind," he explained. "Profit goes to shareholders (and the CEO) and not to the employees."


Just like when we cut taxes before. Cut taxes on the wealthy........and they just keep it

No matter what the regressives say, corporations don't pay taxes, it's all added into the cost of the product or service.


.

No it is not

If corporations could charge more for their goods or services.......they would already be doing it

You have to remain competitive of you may as well close your doors. Lower taxes make US businesses more competitive because it reduces the costs of doing business.


.

So let me get this straight....just the other day you were touting the amazing economy and record corporate profits...but suddenly, we need tax breaks to be competitive.

If your phone, computer or their components are made in a foreign country, we're not competitive enough.


.

 

[OKTexas]

Are you really so stupid that you don't know accountants project tax liabilities years out..

You're just making shit up as you go.

Read and learn child.

The Difference Between Income Tax Expense & Income Tax Payable

This is just a drop in the bucket of tax accounting.


.

How about you just give us a short summary of the article in your own words?

I provided the link, read it, or don't.


.

So what, anyone can copy a link. Give us a short little summary, in your own words, so that we can decide if it's worth our time. Should be easy for you!

I just provided an idiot an example how companies forecast taxes, if you think it doesn't fill that bill, explain why. Otherwise STFU.


.

 

[frigidweirdo]

The Republican tax cuts won't trickle down, CEO writes in scathing op-ed

It's not a surprise to Todd Carmichael, co-founder and CEO of La Colombe Coffee Roasters in Philadelphia.

"I can tell you what no other CEO wants to tell you," Carmichael writes in an op-ed in The Philadelphia Inquirer: "A half-trillion dollars of corporate tax giveaways proposed by the GOP aren't going to do a thing for the middle class, or create a single job. Because what every CEO knows but won't tell you is this: A tax break for their company simply means a fatter bottom line. Not jobs. Not investment." CEOs have "a powerful fiduciary duty to return all profits to shareholders — not to the employees, or the suppliers, or the community and certainly not to the unemployed or left behind," he explained. "Profit goes to shareholders (and the CEO) and not to the employees."


Just like when we cut taxes before. Cut taxes on the wealthy........and they just keep it

It depends on how you view "down", maybe the rich see "down" as their way, in which case it might just trickle down to them.

 

[Lakhota]

Get an umbrella...

 

[frigidweirdo]

That's fine by me. So long as the Government ends up with less money and a higher percentage of it comes from the poor, I'm fine with that.

Take money away from the poor, they don't spend it, which means jobs are lost from the big businesses.... which means the economy gets worse and the rich lose out anyway.

 

[ScienceRocks]

Most of this money will go into the pocket of the rich or offshored into a tax haven that is far less then the 20% you're asking for. This is a fact.

 

[Boss]

You weirdo, it's not me that shows it to be a failure. It's nearly 40 years of economic statistics that show an accelerating wealth and income gap and stagnant wages, despite record corporate profits. Dang you are weird...it's like you think I'm some sort of god, or something.

Here's what statistics show... 92 consecutive months of economic growth... the longest period of peacetime prosperity in the history of the United States up to that point. Imagine... 200+ years and we had NEVER achieved 92 straight months of peacetime economic growth... until Reaganomics. That's nearly a decade, lasting into the Bush presidency where Pappy "read my lips--Im'a raise yo taxes cuz I don't believe in Reaganomics" Bush, implemented his stupid policies. Of course, the 92 month record was broken under Clinton when he lowered capital gains tax rates to what Reagan had proposed, sparking another spurt of long-term economic prosperity.

The mythical "wage gap problem" is simply a byproduct of free enterprise in a free market economic system. More people becoming wealthy is not a problem requiring a solution.

I don't know where you get the idea I think you're some sort of god. I think you are a somewhat pathetic internet troll who isn't really worth the time of day.

 

[Lakhota]

 

[Boss]

Get an umbrella...

That is a brilliant cartoon! So now, "WEALTH" is actually SHIT? When wealthy people spend their wealth, it is equated with SHITTING on us little people! What left-wing genius came up with THAT idea?