Bootney Lee Farnsworth
Diamond Member
- Aug 15, 2017
- 46,062
- 29,788
More annoyed than defensive. You are acting like you have no clue how the economy works.
You want specifics on specific corporations. I don't have, nor can I obtain that information. Unless you are a member of the board of any such corporation, you will not likely be privy to that information either, but it's not difficult to assume appropriate costs and federal tax liability.
Jesus. All of them. Lots. Again (see above) you want me to go get information that is not available to the public, but before we look at a hypothetical, it is important for you to understand the concept of money.
Money only represents value. You can't eat money and expect to live. You can't build a house out of it and expect that house to be adequate for your needs. You can't fuck it....well....okay...but, you would probably fuck a dude instead, right? Money does nothing until it is spent, and I know what you're gonna say about investing as another option, but investing money is allowing others to spend it. Now, let's look at a hypothetical:
If Acme Widgets, Inc. makes $100 million in taxable income (gross income, less cost of goods sold, less deductions), at the 2017 rate of 35%, Acme would pay $35 million in taxes. After 2018 decrease, Acme will pay $21 million (down to 21%), which is a savings of $14 million motherfucking dollars.
$14 million dollars sitting idle in the treasury of a corporation wastes about $15,000 per day (see above re: money). It has to be spent (or invested which = spent). The corp. board has to make a decision on how best to use that, but no matter what they do, they are spending it, which is stimulus. Neither the company nor any individual benefits from that $14 million until it is spent.
You and other communists on here have suggested that corps. will buy back stock, which increases the value of the remaining stock, yada yada yada.
So? Big fucking deal? Why is that such a puppy-kicking baby murderer?
Whomever's stock got purchased JUST MADE SOME FUCKING MONEY, which is taxed. And, they are not going to just sit on that money. It does them no good to shove it under the mattress. They will spend it, re-invest it, pay for college, pay off debts, buy a yacht--all such activities stimulating the economy by providing more work for others, who will earn that money and pay taxes on it, or more capital for others to expand.
OR, some person whose 401(k) invested in that company just got richer.
Another option is to simply invest that $!4 million in some form of long-term bonds, but that does not have nearly the bang for buck as the next option, in my opinion.
The best use of that money is to pursue new markets or attack market share. Buy expanding into new markets or gaining market share, the value of those stock go up (do I really need to explain this all the way to the end of somebody paying taxes and using that money somewhere else, yada yada?). Those activities require the company to hire people and purchase goods. $14 million goes relatively far. That will employ about 300 people at $50,000 per year or about half that at $100k, who spend that money, which others earn and pay taxes on, yada yada. It will also buy a lot of shit (goods) that will help the sellers, who will pay taxes and use that money somewhere else, yada yada. (The fact that I have to draw this out in crayons for you is where I get annoyed).
This is what you communists call "Trickle Down" economics. I just call it capitalism. If you can't see how that circulating reinvestment is a good thing, you are hopeless.
I can provide you with MANY more examples, but I fear I am wasting my time. You have already made up your communist mind that government butt fucking a producer with high taxes is a good thing.
