Should we make the corporate tax rate 0%?

[ScienceRocks]

Robots and computers need maintenance personnel.

Maintenance people make good money and is a job Americans will do

The Amish have full employment. (I hope no Amish flame me for that. )

The logical next step for the tea party is to become Amish...

 

[RandomVariable]

Maintenance people make good money and is a job Americans will do

The Amish have full employment. (I hope no Amish flame me for that. )

The logical next step for the tea party is to become Amish...

This is worth it's own thread. You can start it if you want. I won't want to get shot, er, I mean beat with a stick.

 

[Redfish]

I'm fine with that. Off course corporations would have to demonstrate that they receive no benefits from the country they operate in; police, fire, 'freedom isn't free', etc, etc. Does that mean the corporations pay for their employee's kid's school? Pay for employee's use of the highway to and from work. wait... Maybe corporations not paying taxes is just a stupid idea. I have a better idea. Since corporations are people why don't we tax them at 35% like most of the rest of us.

first the things you listed are paid with state and local taxes, not federal

second, the "corporations are people" bullshit just proves your ignorance. Corporations are declared legal "persons" in order to protect employees and shareholders from personal liability for the acts of the corporation.

Ignorance abounds in the liberal mind.

corporations had this protection before the supreme court declared them citizens a couple years ago. That supreme court decision enables them to interfere in politics even more than before with unlimited money. Why do you defend corporations that can operate in America and declare Ireland or the caiman islands as their residence for tax purposes? Or pay less than minimum wage by putting their plants in foreign countries? We 2nd class citizens can't do that.

Its called FREEDOM. I very difficult concept for liberals to grasp.

 

[rightwinger]

If we made the corporate tax rate 0%, imagine all the money that would flow down to employees in additional wages and benefits

 

[ScienceRocks]

So freedom = being a second class slave to the corporation barons?

 

[ScienceRocks]

If we made the corporate tax rate 0%, imagine all the money that would flow down to employees in additional wages and benefits

Would flow into the pockets of the 1% and China...

 

[Redfish]

YES! And my plan does just that! Plus, it puts billions of dollars into the economy!

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

Welcome to North Korea

 

[Redfish]

If we made the corporate tax rate 0%, imagine all the money that would flow down to employees in additional wages and benefits

The money not taken by the government would be spent--either by the corporations to expand or innovate, or by the employees to buy stuff.

The economy would boom like never before, all the pent up capital and demand would be unleashed, the money stored in foreign accounts would come home and be spent in the USA.

The problem you libs have with that is that momma government would not be in control of it. You enjoy being sheep, admit it.

 

[Redfish]

If we made the corporate tax rate 0%, imagine all the money that would flow down to employees in additional wages and benefits

Would flow into the pockets of the 1% and China...

Totally wrong, Matt. Even you might get a better higher paying job. there would be lots of corporate investment capital to put into science and infrastructure and education.

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.

This stuff is not complicated.

 

[Redfish]

So freedom = being a second class slave to the corporation barons?

why do you feel like a slave? are you unable to change jobs? unable to get more education or training? unable to move to where the jobs are?

Or do you enjoy being a slave?

Fear not, obama wants you sitting on your ass waiting for your welfare check to arrive, as long as you promise to vote for libtards the rest of your life.

 

[rightwinger]

If we made the corporate tax rate 0%, imagine all the money that would flow down to employees in additional wages and benefits

Would flow into the pockets of the 1% and China...

Totally wrong, Matt. Even you might get a better higher paying job. there would be lots of corporate investment capital to put into science and infrastructure and education.

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.

This stuff is not complicated.

Bullshit

The workers spend their money. Corporations hide it where it can't be found

 

[Redfish]

If we made the corporate tax rate 0%, imagine all the money that would flow down to employees in additional wages and benefits

Much of it would be flowed down to employees, competition keeps prices from being jacked up, so the extra money would go to employees and shareholders----how awful

 

[Redfish]

Would flow into the pockets of the 1% and China...

Totally wrong, Matt. Even you might get a better higher paying job. there would be lots of corporate investment capital to put into science and infrastructure and education.

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.

This stuff is not complicated.

Bullshit

The workers spend their money. Corporations hide it where it can't be found

Some do now, because the alternative is giving it to the government to waste.

What good is money that is in some hidden account in the Cayman Islands or Switzerland? Money only has value if you use it.

What do you think would motivate a corporation (or a rich person) to lock money away rather than use it?

If you had a new Mercedes would you put it in a vault or would you drive it?

 

[rightwinger]

If we made the corporate tax rate 0%, imagine all the money that would flow down to employees in additional wages and benefits

Much of it would be flowed down to employees, competition keeps prices from being jacked up, so the extra money would go to employees and shareholders----how awful

No......no please stop it

You are making me laugh

Who makes up for the taxes not being paid by corporations?

 

[initforme]

If much of it flowed down to employees then you are for doubling or tripling their salaries correct? Because that is what would be justified.

 

[Redfish]

If we made the corporate tax rate 0%, imagine all the money that would flow down to employees in additional wages and benefits

Much of it would be flowed down to employees, competition keeps prices from being jacked up, so the extra money would go to employees and shareholders----how awful

No......no please stop it

You are making me laugh

Who makes up for the taxes not being paid by corporations?

1. why does it have to be made up? why not reduce govt spending?
2. when more people are working, more people are paying income taxes
3. when people get raises, they pay more taxes
4. If that really worries you, just raise the individual tax rates, consumers pay corporate income taxes, corporations are merely a conduit. If you think that GM actually pays corporate income tax rather than include it in the price of every car or truck, you are hopelessly ignorant.

 

[dblack]

I don't follow, large governments are inherently corrupt. Doesn't that lead to the logical conclusion that governments need to be smaller?

As far as I know no government is inherently corrupt. I will agree a large government is probably easier to corrupt than a small one. The problem is one can not simply decide that because a large government is corrupt and a smaller, non-corrupt government would be better that one can wish the transformation to occur. You and I, and anyone else who would like to, need to decide how to make this happen.

At least we vote for the government...Unlike the corporations they want running wild.

Unlike government, you're not forced to do business with corporations. Unless, of course, the government is forcing you to so - as with ACA.

 

[thereisnospoon]

Argentina is a basket-case.

Why would we want to follow their policies as you suggest?

So why not compare and contrast my plan with Argentina, or will that moot your post?

Large arbitrary increases in wages, large increases in pensions, government trying to hold down costs by fiat and capital controls are exactly what basket cases like Argentina and Venezuela have tried today and in the past, and the results are always the same. They are populist failures. In fact, capital controls are usually implemented because of your other policies as a response to the economic incompetence as capital flees the country.

In 1900, Argentina was the seventh largest economy in the world and Canada is the eighth. Both are economies are at the end of the hemisphere, both rely heavily on natural resources, both border large neighbors, and both had large influxes of immigration in the 19th and early 20th centuries. In fact, Argentina was a solid economy until 1930. Then, it slid into populism and autarky, turning inward to populist demagogues who promised "fairness" to "the people." Instead, they destroyed their economies with inflation and capital flight. Compare that to Canada, which is today the 10th largest economy in the world, with a per capita income more than double Argentina. It's fascinating.

Economic populists know neither history nor economics.

With only 30 million people. One thing the Canadian federal govt never did was monetize their federal debt. Plus, The Canadian govt never involved itself in the domestic real estate marketplace.

 

[occupied]

If we made the corporate tax rate zero what's the chance that they would be satisfied with that victory? There's is a one hundred percent chance that they would use their tax savings to buy more politicians and lobbying to get total victory before a single real job ever comes back to our shores, not that real jobs would exist afterwards.

 

[Redfish]

If we made the corporate tax rate zero what's the chance that they would be satisfied with that victory? There's is a one hundred percent chance that they would use their tax savings to buy more politicians and lobbying to get total victory before a single real job ever comes back to our shores, not that real jobs would exist afterwards.

Are you 12 years old? No adult could be that ignorant.

Corporations need employees, they need skills and talent. They pay well for needed skills and talents.

Sounds like your problem is that you have no skills or talents.