Should we make the corporate tax rate 0%?

[NightFox]

The inflation rate in Argentina and Venezuela today is 30%-40%.

....but on the bright side their domestic wheelbarrow manufacturing sectors are booming.....

MBA, Columbia Business School - Columbia University

Ah, "An Introduction to Economics" for the poets.

My mistake.

LOL!!!!

 

[Toro]

Here is what is happening in Argentina right now.

Political activists allied with Argentina's government increased pressure on retailers in a very personal way on Friday: They plastered the city with poster-size photos of retail executives, accusing them of fueling the inflation that officials are scrambling to tame.

The posters, featuring head shots of executives from the local units of Wal-Mart Stores Inc., Carrefour and other companies, were posted on walls, bus stops and newspaper kiosks across the capital.

"These are the people who steal your salary," the posters say. "They raised the price of everything to take your money." The companies either declined to comment or didn't return calls about the posters. ...

"The president has asked people to pressure businessmen who raise prices, so these posters should come as no surprise," said Nicolás Solari, a political analyst at Poliarquía, a local polling firm. "This sends a terrible message to the business community and is unlikely to positively resolve any economic problems. It signals the government's weakness on this issue." ...

On Friday, though, Mrs. Kirchner's cabinet chief, Jorge Capitanich, slammed economists and other analysts for blaming the government's economic policies for rising inflation. He equated economists with hired mercenaries representing private-sector interests looking to destabilize the economy.

"I know all of them," Mr. Capitanich said. "They are all undercover agents. Argentines should know that independent, objective economists do not exist. I want to say emphatically that when unscrupulous businessmen raise prices, it has absolutely nothing to do with macroeconomic variables."

Argentina's Campaign Against Inflation Gets Personal - WSJ.com

 

[Redfish]

Oh the wonders of Supply Side Economics

If only we would cut taxes on the "job creators"...there would be an influx of new capital, more jobs, higher wages.....Wait for it....wait for it

A RISING economic tide lifting all boats

Yes, it does, always has, always will. Socialism does not work, RW, never has, never will

It did until Republicans figured a way for the rising tide to only lift the yachts

That's horseshit. What the fuck is wrong with you? Is your democrat donkey so far up your ass that his nose is eating your brain?

Economics and fiscal sanity are not partisan concepts. Kennedy understood that, so did Reagan, and even Clinton.

People like you are whats wrong with this country. You are so wrapped up in your party that you are unable to see reality.

 

[Redfish]

Not 1 to 1.

Which employee expenses are not tax deductible?

Inflation is a persistent increase in the general price level of goods and services in an economy over a period of time. Goods are capped and employment costs are lessened.

When you

a.) jack up costs, then
b.) cap prices

You get shortages because businesses cannot make enough of a profit and capital investment is destroyed.

The reason why inflation happens in basket cases like Venezuela and Argentina who follow your policies is twofold. First, as costs go up, businesses raise prices where they can, since the government can't control everything, or incur the fines for rising prices. Second, the economy begins to slow, contract or even collapse, so the government borrows more. Eventually, they start printing money to meet their obligations.

The inflation rate in Argentina and Venezuela today is 30%-40%.

MBA, Columbia Business School - Columbia University

Ah, "An Introduction to Economics" for the poets.

My mistake.

Columbia ---- Isn't that where Obama got scholarships as a foreign student?

 

[rightwinger]

Yes, it does, always has, always will. Socialism does not work, RW, never has, never will

It did until Republicans figured a way for the rising tide to only lift the yachts

That's horseshit. What the fuck is wrong with you? Is your democrat donkey so far up your ass that his nose is eating your brain?

Economics and fiscal sanity are not partisan concepts. Kennedy understood that, so did Reagan, and even Clinton.

People like you are whats wrong with this country. You are so wrapped up in your party that you are unable to see reality.

After the Great Bush Depression of 2008, where did the money from the recovery end up? Did those doing the working see any of that recovery? republicans have found out how to hold down wages and benefits. How to keep the workforce scared. How to ensure that the wealthy continue to gain and keep most of the wealth

yep......Republicans look after the yachts

 

[Redfish]

It did until Republicans figured a way for the rising tide to only lift the yachts

That's horseshit. What the fuck is wrong with you? Is your democrat donkey so far up your ass that his nose is eating your brain?

Economics and fiscal sanity are not partisan concepts. Kennedy understood that, so did Reagan, and even Clinton.

People like you are whats wrong with this country. You are so wrapped up in your party that you are unable to see reality.

After the Great Bush Depression of 2008, where did the money from the recovery end up? Did those doing the working see any of that recovery? republicans have found out how to hold down wages and benefits. How to keep the workforce scared. How to ensure that the wealthy continue to gain and keep most of the wealth

yep......Republicans look after the yachts

You are a total idiot. Obozo and the dems have been in control for over 5 years and the gap between rich and poor is larger than ever.

liberalism is destroying the middle class and making the left wing elites richer than ever.

It is a never ending source of amazement to see how detached from reality you liberals are.

 

[thereisnospoon]

I'll go slow for you.

Under my plan, a small business person has five employees. The taxes and fees that the business person pays is deductible 1 for 1 with employee expenses. The taxes and fees have now been reduced to zero with deductions of two employees. The other three employees are 100% subsidized. The business owner now has no taxes and only pays for two of the five employees. How is this bad?

With prices capped at January 1, 2009 levels for goods and services where's the inflation?

Not 1 to 1.



Not like this.



Inflation is a persistent increase in the general price level of goods and services in an economy over a period of time. Goods are capped and employment costs are lessened.

You've never taken an economics class, have you?

MBA, Columbia Business School - Columbia University

Yeah right. Well that figures. A supporter of command and control economics regurgitating crap spewed by Bolshevik professors well insulated from the real world behind ivy covered walls.
Look. Stop the self puffery.
Anyone who has an MBA from an Ivy League School would neither have the time nor the inclination to post on a message board frequented by the great unwashed masses.
Or are you just slumming?
Look, command and control or central planning economics has never worked and will never work. Check your history.
I could have saved you $250,000 if you'd have asked questions about economy before you decided to attend Columbia.

 

[Redfish]

Not 1 to 1.



Not like this.



Inflation is a persistent increase in the general price level of goods and services in an economy over a period of time. Goods are capped and employment costs are lessened.



MBA, Columbia Business School - Columbia University

Yeah right. Well that figures. A supporter of command and control economics regurgitating crap spewed by Bolshevik professors well insulated from the real world behind ivy covered walls.
Look. Stop the self puffery.
Anyone who has an MBA from an Ivy League School would neither have the time nor the inclination to post on a message board frequented by the great unwashed masses.
Or are you just slumming?
Look, command and control or central planning economics has never worked and will never work. Check your history.
I could have saved you $250,000 if you'd have asked questions about economy before you decided to attend Columbia.

Not all of us succomb to the left wing lies coming from the Ivy league schools. I have a Harvard MBA and one thing that I learned there is to think for myself and not to blindly buy into the left wing rhetoric and lies.

I was not a favorite student because I dared to challenge them on their marxist and socialist ideas.

But you are correct that those profs are insulated from the real world by those ivy covered walls and their tenured existence.

 

[thereisnospoon]

You're right, there is no comparison.

All my plan does is change the same dollars into different columns with a benefit to business, employees, and the economy.

No, it does not. Apart from elimination of business subsidies, your suggestions would lead to inflation, unemployment and capital distortions.

Your suggestions have been tried. They have failed. The only sensible one is the elimination of business subsidies. But otherwise, your suggestions have been tried repeatedly around the world and have damaged national economies.

I'll go slow for you.

Under my plan, a small business person has five employees. The taxes and fees that the business person pays is deductible 1 for 1 with employee expenses. The taxes and fees have now been reduced to zero with deductions of two employees. The other three employees are 100% subsidized. The business owner now has no taxes and only pays for two of the five employees. How is this bad?

With prices capped at January 1, 2009 levels for goods and services where's the inflation?

Obviously that MBA in economics did not include any studies in history of economy.
A government can set prices all day long. It cannot control costs.
When prices are kept artificially below market value, the result is rationing.
Another issue. In order to institute prices controls, wages must be controlled as well.
That means your plan must include a rollback to 2009 wage levels. Try that and see the pitchforks hurled in your direction.
"100% subsidized"....By WHOM?
Ya know what? I think you are full of shot and are here to see how many people you can get a rise from....
I'm not responding to you anymore.
MBA ......MY ASS. Liar.
And do not protest. You'll never be able to prove your claim.
You'd have better off just not disclosing matters of a personal nature. Idiot.

 

[thereisnospoon]

Oh the wonders of Supply Side Economics

If only we would cut taxes on the "job creators"...there would be an influx of new capital, more jobs, higher wages.....Wait for it....wait for it

A RISING economic tide lifting all boats

Yes, it does, always has, always will. Socialism does not work, RW, never has, never will

It did until Republicans figured a way for the rising tide to only lift the yachts

The rising tide theory has been debunked.
I have no clue why it even gets any mention.
Question..are there no rich liberals?

 

[kaz]

WTF do you think the 1% do with their money??? just sit on it? NO, they SPEND it. When they spend it, jobs are created.

They sit on much of it ... squirelling it away offshore.

First, it wasn't "squirreled" offshore, it was earned offshore.

Second, if they bring it onshore, government will take over a third of it. We are the only Western power that is so completely stupid on that. Start by getting your guys to end that idiotic tax that generates almost no revenue and prevents money earned by US companies overseas from coming back. This is one of the most pure proofs that you people are just ideologues.

 

[kaz]

"No comparison."

Which is why those countries keep making the same mistake again and again and again.

They think it will be different this time.

You're right, there is no comparison.

All my plan does is change the same dollars into different columns with a benefit to business, employees, and the economy.

No, it does not. Apart from elimination of business subsidies, your suggestions would lead to inflation, unemployment and capital distortions.

Your suggestions have been tried. They have failed. The only sensible one is the elimination of business subsidies. But otherwise, your suggestions have been tried repeatedly around the world and have damaged national economies.

What "subsidies" are you referring to?

 

[kaz]

Oh the wonders of Supply Side Economics

If only we would cut taxes on the "job creators"...there would be an influx of new capital, more jobs, higher wages.....Wait for it....wait for it

A RISING economic tide lifting all boats

Yes, it does, always has, always will. Socialism does not work, RW, never has, never will

It did until Republicans figured a way for the rising tide to only lift the yachts

All your income was paid to you by the people you hate. Maybe you should be a little more appreciative.

Corporate taxes are just double taxation.

 

[rightwinger]

That's horseshit. What the fuck is wrong with you? Is your democrat donkey so far up your ass that his nose is eating your brain?

Economics and fiscal sanity are not partisan concepts. Kennedy understood that, so did Reagan, and even Clinton.

People like you are whats wrong with this country. You are so wrapped up in your party that you are unable to see reality.

After the Great Bush Depression of 2008, where did the money from the recovery end up? Did those doing the working see any of that recovery? republicans have found out how to hold down wages and benefits. How to keep the workforce scared. How to ensure that the wealthy continue to gain and keep most of the wealth

yep......Republicans look after the yachts

You are a total idiot. Obozo and the dems have been in control for over 5 years and the gap between rich and poor is larger than ever.

liberalism is destroying the middle class and making the left wing elites richer than ever.

It is a never ending source of amazement to see how detached from reality you liberals are.

Like a huge yacht, that ship is hard to turn around once it gets going. Especially with Republicans fighting at ever turn to keep it headed in the direction of the wealthy

 

[rightwinger]

Yes, it does, always has, always will. Socialism does not work, RW, never has, never will

It did until Republicans figured a way for the rising tide to only lift the yachts

All your income was paid to you by the people you hate. Maybe you should be a little more appreciative.

Corporate taxes are just double taxation.

Nobody "gives" you a job. You provide labor and they make a profit off of that labor. It is workers who create wealth

 

[kaz]

It did until Republicans figured a way for the rising tide to only lift the yachts

That's horseshit. What the fuck is wrong with you? Is your democrat donkey so far up your ass that his nose is eating your brain?

Economics and fiscal sanity are not partisan concepts. Kennedy understood that, so did Reagan, and even Clinton.

People like you are whats wrong with this country. You are so wrapped up in your party that you are unable to see reality.

After the Great Bush Depression of 2008, where did the money from the recovery end up? Did those doing the working see any of that recovery? republicans have found out how to hold down wages and benefits. How to keep the workforce scared. How to ensure that the wealthy continue to gain and keep most of the wealth

yep......Republicans look after the yachts

Since you mailed it in to work every day you wouldn't know this. But for employees who don't suck like you, ones who actually care about their jobs, we actually have to compete for them. We actually can't just pay them what we want to.

Free markets are about employees competing for jobs, companies competing for employees, and a deal being struck when a price is met. Economics really needs to be a basic high school course just like English and math, there would be fewer of yous out there. You would still be you, but other people have the ability to absorb information.

 

[kaz]

It did until Republicans figured a way for the rising tide to only lift the yachts

All your income was paid to you by the people you hate. Maybe you should be a little more appreciative.

Corporate taxes are just double taxation.

Nobody "gives" you a job. You provide labor and they make a profit off of that labor. It is workers who create wealth

My employees don't "give" me work. I create a job and they make a profit off the job that I created. It is off me that my workers create their wealth.

 

[rightwinger]

All your income was paid to you by the people you hate. Maybe you should be a little more appreciative.

Corporate taxes are just double taxation.

Nobody "gives" you a job. You provide labor and they make a profit off of that labor. It is workers who create wealth

My employees don't "give" me work. I create a job and they make a profit off the job that I created. It is off me that my workers create their wealth.

You are deriving wealth off of them and decide how much of that wealth you will allow them to maintain

 

[Mac1958]

.

Here's an idea:

Since it is the workers of a company that create the wealth, let's agree that every month a company loses money, they have to give some of their salary back.

Fair enough?

.

 

[rightwinger]

Yeah right. Well that figures. A supporter of command and control economics regurgitating crap spewed by Bolshevik professors well insulated from the real world behind ivy covered walls.
Look. Stop the self puffery.
Anyone who has an MBA from an Ivy League School would neither have the time nor the inclination to post on a message board frequented by the great unwashed masses.
Or are you just slumming?
Look, command and control or central planning economics has never worked and will never work. Check your history.
I could have saved you $250,000 if you'd have asked questions about economy before you decided to attend Columbia.

Not all of us succomb to the left wing lies coming from the Ivy league schools. I have a Harvard MBA and one thing that I learned there is to think for myself and not to blindly buy into the left wing rhetoric and lies.

I was not a favorite student because I dared to challenge them on their marxist and socialist ideas.

But you are correct that those profs are insulated from the real world by those ivy covered walls and their tenured existence.

May I be the first on the board to call bullshit?