Just the facts, Jack!

Discussion in 'Economy' started by BDBoop, Aug 13, 2011.

  1. BDBoop
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    BDBoop BANNED

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    Don't harsh my zen, Jen!
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    It's completely irrational to insist that corporations and the ones who hoovered up all the money, and have all the money, shouldn't have to pay the taxes inherent TO the money.

    http://www.ips-dc.org/reports/unnecessary_austerity_unnecessary_government_shutdown
     
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  2. Truthseeker420
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    Truthseeker420 Gold Member

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    especially when most of the tax goes to protecting their weath.
     
  3. BDBoop
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    BDBoop BANNED

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    Exactly.
     
  4. expat_panama
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    expat_panama Silver Member

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    More facts:

    1961 saw America in a sever recession.
    Kennedy cut taxes more than Reagan or GW Bush and began a recovery.

    You're suggesting Kennedy was a right wing evil corp tool because it's not a question of revenue or jobs, it's like Obama said "it's a question of fairness".
     
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  5. editec
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    editec Mr. Forgot-it-All

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    Its a macro-economy, not a chemistry experiment, X.

    There are times when supply side policies (like cutting taxes) are a good idea and times when they serve no good purpose and even make things worse.

    Seriously, do you not understand that?

    Do you think there is a one action fits all situations formula for the economy?

    That's is exactly the argument that has been foisted on this nation by the GOP for the last 40 years -- All supply side econ policies all the time.

    Sometimes they've been right, but at other times they've been dead wrong.

    Like now.

    Now I am not saying taxes ought to be increased now.

    But to imagine that cutting taxes solves all woes in all circumstances is flat out wrong.

    It's the DEMAND side that's hosed, right now, not the supply side.
     
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  6. iamwhatiseem
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    iamwhatiseem Gold Member

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    Corporations should have to pay very little if any income taxes...period.
    They already pay a portion of SS tax for every employee, property taxes, inventory taxes and collect mountains of sales taxes for the government...for free.
    Corporations also provide healthcare coverage, provide jobs for their employees - but more importantly they are a cog in the wheel that provides jobs for suppliers, vendors, raw material manufacturers, transportation etc. etc. etc.

    It is fantastically stupid to insist on raising taxes on businesses - I mean COW stupid.
    Just as stupid as it was to pass NAFTA so thousands of "spokes in the jobs wheel" disappeared so investors could make more money.
     

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  7. expat_panama
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    expat_panama Silver Member

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    This isn't going well; switching the subject over from facts to personalities and opinions may feel a good move considering how poorly the facts were going, but opinions contrary to fact and based on fondly held beliefs are a waste of time.

    We can get out the historical record and see if recessions end and revenue soars when rates are cut, but the goal has to be opinions based on reality.
     
  8. Oddball
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    Oddball BANNED Supporting Member

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    Yes, yes, yes...Can't have people keeping their property secure from looters. :rolleyes:
     
  9. iamwhatiseem
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    iamwhatiseem Gold Member

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    And furthermore...as a guy who runs a business...we are not "hoarding" money.
    I don't have a secret room behind my office where I get naked and roll in the cash and smoke Cuban cigars...I realize that is the vision many leftist dead-heads have.
    It is true that I have not purchased any capital items since 2008. It is true that I have more liquid cash in assets than normal - but I don't do this to "hoard" it. I have a responsibility to protect the families that work for me. I can't predict what is going to happen, if there is a significant double-dip in the economy - that new piece of equipment might just be the thing that makes us go under. I need more liquid assets to get through tough months. This year we lost money 3 out of the 7 months...that means without cash in the bank - I would have to lay someone off. There is noooo way that I can see investing money into an economy that is so shaky...I just can't.
    And 100,000's of other business owners/operators feel the same way.

    But yeah...let's tax 'em more - that'll do the trick! Maybe instead of 51% of the working population paying zero income taxes - let's see if we can increase that to 60%!!! Yeah!!!...make them filthy corporations pay!!!!!


    Morons.:cow:
     
  10. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Lest we forget......Corporations are people too!
     

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