Quote:Every corporate tax cut, every corporate subsidy, every corporate no bid private contract, every cut in the capital gains tax is a redistribution of wealth from middle class to the rich.
Now hold on, you're argument is that not collecting a tax is equal to government spending. Corporate taxes for example you can argue they should be higher they should be lower, but you can't say not collecting them is income redistribution. That money is not being collected from the middle class and then given to the corporation, that money is spent by the consumer for the service or product offered by the corporation.
As for corporate subsidies yes I agree that is income redistribution and has no place in our economy or that government even has the authority to do such an act.
No bid contracts once again we agree it's wrong, I guess you could call that income redistribution since government is using tax funds to pay for it. But then you have to accept the argument that all government spending is redistribution which again I'm fine with that argument.
As for the capital gains, that's another issue where you're arguing taxes not collected isn't revenue that belongs to the government, it belongs to the private party. Now if you want to argue for or against capital gain taxes that's fine but it's not income redistribution when it's not collected, that would suggest all income belongs to the state and we as private individuals are only owed what the state authorizes us to keep. Also keep in mind capital gains is pretty much double dipping a revenue stream, it's a really gray area that is only "accepted" because they package it as a tax on the rich, however that's not the case.
Quote:Every corporate tax cut, every corporate subsidy, every corporate no bid private contract, every cut in the capital gains tax is a redistribution of wealth from middle class to the rich.
You do know the dirty little secret don't you? Corporation don't pay taxes, they pass that cost on to the consumer
Quote:Even the white, Hispanic, Asian, etc. people in the ghetto?
I wasn't around them to be honest. I was living in the ghetto part of Springfield at the time and worked daily with the public in the ghetto of Jacksonville, the majority of which were black, and they were all talking about how it was "about time a black man was in the House" and they'd never voted before but they were going to because it was an historic event and it about about time "their kind was represented" and "why should I vote for the white man? I don't vote because they're all white", etc. I never heard anyone speak of policies or agendas or anything. It was all because he was black and they were finally being represented. Which in essence I don't have a problem with. Being a female I'd like to see how a female would crack the Good Old Boys Club. But........ it can't be
the qualification.
Now it'll be the same with women fawning over Clinton because she's a woman. The democrat (and maybe some republican) women will vote for her over a democrat male because they want so much to be 'represented' by a woman. The thing those poor souls don't realize is she hates women as much as she hates men. She pretty much hates everyone, except maybe her daughter.
Sarah Palin may not be a hater but she's just not smart enough to be in the WH. Not even a little bit.
Quote:You do know the dirty little secret don't you? Corporation don't pay taxes, they pass that cost on to the consumer
As a card carrying corporate CFO, I can tell you for sure, corporations do pay taxes.
And as far as "passing that cost on to the consumer" that reflects a lack of understanding of free market economics. Companies charge consumers
as much as they can. Whether they are paying taxes has nothing to do with it.
Quote:As a card carrying corporate CFO, I can tell you for sure, corporations do pay taxes.
And as far as "passing that cost on to the consumer" that reflects a lack of understanding of free market economics. Companies charge consumers as much as they can. Whether they are paying taxes has nothing to do with it.
I do cringe every time I see someone say corporations don't pay taxes. Hell the payroll taxes alone are enough to suffocate some businesses, you'll never hear me argue any group should pay more taxes.
I'm an advocate everyone including the poor (who you often hear are accused of paying no taxes which is crap) to the richest CEO pays to much in taxes. We have a spending problem not a revenue problem in Washington.
Quote:As a card carrying corporate CFO, I can tell you for sure, corporations do pay taxes.
And as far as "passing that cost on to the consumer" that reflects a lack of understanding of free market economics. Companies charge consumers as much as they can. Whether they are paying taxes has nothing to do with it.
No, they only charge what the market for any given product will handle.......
Quote:No, they only charge what the market for any given product will handle.......
I think that's what I said. If you are my customer, I am going to charge you as much as you are willing to pay. It has nothing to do with whether I am paying taxes or not. I can't "pass the tax on to you." I can only charge you what you are willing to pay, and I am going to charge you as much as I can get away with.
Quote:I think that's what I said. If you are my customer, I am going to charge you as much as you are willing to pay. It has nothing to do with whether I am paying taxes or not. I can't "pass the tax on to you." I can only charge you what you are willing to pay, and I am going to charge you as much as I can get away with.
That's exactly what you said.
Quote:You do know the dirty little secret don't you? Corporation don't pay taxes, they pass that cost on to the consumer
That's true, but not entirely accurate. Of course certain taxes are passed directly to the consumer. But not all taxes are... for instance, the corporate income tax is not passed directly to the consumer. Sometimes you have to look at the entire picture.
The push to cut corporate tax rates is in essence a hand out to the corporation because that specific tax is booked and reported as an expense. One cannot simply pass that cost onto the consumer. It is calculated as part of their overhead.
Corporations brain wash you to believe that cutting this tax will help everyone, ie supply side economics... But what the really do is see the lower rates as a win fall that they then pass to stock holders.
In essence ccorporations are true welfare queens as we have been cutting their income taxes for decades.
Quote:That's true, but not entirely accurate. Of course certain taxes are passed directly to the consumer. But not all taxes are... for instance, the corporate income tax is not passed directly to the consumer. Sometimes you have to look at the entire picture.
The push to cut corporate tax rates is in essence a hand out to the corporation because that specific tax is booked and reported as an expense. One cannot simply pass that cost onto the consumer. It is calculated as part of their overhead.
Corporations brain wash you to believe that cutting this tax will help everyone, ie supply side economics... But what the really do is see the lower rates as a win fall that they then pass to stock holders.
In essence ccorporations are true welfare queens as we have been cutting their income taxes for decades.
Wasn't that supposed to trickle down?
Quote:I'm an advocate everyone including the poor (who you often hear are accused of paying no taxes which is crap) to the richest CEO pays to much in taxes. We have a spending problem not a revenue problem in Washington.
We have both. Costs need to be cut. But there are many things a government can and should provide. Sadly many of the things in most need don't get funding when they need it, while programs that we don't need have no problem getting funding increases. We could do away with say... corporate inversion, and help the revenue problem at least a little. Maybe if we could actually cut all the TRUE WASTE, then we'd have little revenue problem. But that's not going to happen.
Quote:Do you remember the 70s?
I was born in '82 so no I do not.
Quote:I was born in '82 so no I do not.
That explains so much... :thumbsup:
Hell, I'll go as far as to say that everyone who voted for Obama should be tried for treason..
Quote:Hell, I'll go as far as to say that everyone who voted for Obama should be tried for treason..
Come on a little extreme don't you think?
Quote:Hell, I'll go as far as to say that everyone who voted for Obama should be tried for treason..
Never assume for malice what could simply be stupidity.
Quote:Hell, I'll go as far as to say that everyone who voted for Obama should be tried for treason..
During the Bush years people said those speaking out against Bush were traitors, and should be deported. Funny how the same isn't true for our President when it's a Democrat.
Quote:During the Bush years people said those speaking out against Bush were traitors, and should be deported. Funny how the same isn't true for our President when it's a Democrat.
Democrats and Repubs.. They're all agenda driven idiots who only care to feed their own egos.. Some are just too blind to see that..