You are right!200 years ago, anybody could feed and house themselves, either by farming or hunting.Don't you dummies that complain about the rich being more rich ever get honest and recognize the simple fact.28 percent isnt even what it was before trump.How many times have you read/heard Democrats/progressives complain about how corporations are evil. That businesses only interest in profit. That they should be taxed more. Dummy Joe Biden will on Wednesday propose a tax strategy that would increase the U.S. corporate tax rate to 28% from 21%
Good example of how ignorant people are is this comment:
- Former President Donald Trump’s signature tax law, the Tax Cuts and Jobs Act, cut taxes for most Americans. Its benefits went mostly to the rich.President Joe Biden wants to raise trillions of tax dollars from the wealthy. It's a reversal from Donald Trump's signature tax law.www.cnbc.com
For you dummies out there:
Do you think that corporations took the tax cuts and :
1) Buried the extra money in the back yard or
2) did they hide it in their mattresses.
What do you think they did?
Well for one thing they brought back from offshore where THEY were not paying 28% taxes more than $1 trillion of overseas profits
So what did they do with that $1 trillion... bury it the back yard or hide it in their mattresses?Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to repatriate offshore funds, a report showed Thursday.www.bloomberg.com
What do you think they did? OH yea... they paid the $1 trillion to corporate Execs.! Yea that's it.
OK did these execs bury it in the back yard or hide it in their mattresses?
The point is you idiots that don't understand how money buried in the backyard or hidden in the mattresses doesn't do anything...much less for those that buried or hidden the money!
So what happens?
I'd be happy to explain but you idiots probably haven't read down this far as it is with your 30 second attention span!
Some things that may have happened to that $1 trillion and the savings in corporate taxes.
A) Manufacturers built more factories, hired more people, bought more goods and services.
B) Companies invested in start-up companies taking greater risks because they had more money to risk!
All in all $1 trillion brought back was almost all re-invested and not as you dummies think buried in the back yard or hidden!
what benefit has this chronically falling corporate tax rate had ?
Seems to me it just makes the rich more rich, while everything else crumbles.
You either weren't smart enough or industrious enough to become one of those filthy rich.
I am not one of those "filthy rich". I am though for the most part an honest person who doesn't blame the "filthy rich" .
That's so idiotic because 200 years ago there were far fewer "filthy rich" than today.
But more importantly 200 years ago those few "filthy rich" didn't have what YOU a dummy has today!
A) NO internet meaning instant answers to any dummies questions...
B) NO cell phone... again instant communication with anyone anywhere in the world. What did the "filthy rich" have equal to it?
Our analysis shows that there were approximately 10 million free government cell phone users at the end of 2013.
C) Did the "filthy rich" have free housing as" over 5 million low-income households receive federal rental assistance."
Federal Rental Assistance Fact Sheets | Center on Budget and Policy Priorities
D) How many people get some kind of welfare payments?
There are over 59 million Americans that receive welfare during an average month. SNAP is the biggest welfare program in the US. Children, the disabled and elderly constitute the majority of public benefit recipients. More women than men are dependent on food stamps. Straight Talk on Welfare Statistics (25+ Stats & Facts) | Fortunly
Think about that the next time you complain about the "filthy wealthy"...
Free food. Free rent. Free internet. Free cell phones.
Such a lame justification for ever increasing inequality, that technology was non-existent 200 years ago.
No question they feed themselves and housed themselves.
Their average life span over the past 160 years, life expectancy (from birth) in the United States has risen from
39.4 years in 1860, to 78.9 years in 2020. Nearly double!
Over the past 160 years, life expectancy (from birth) in the United States has risen from 39.4 years in 1860, to 78.9 years in 2020.
Why are you so insistent that people not feed themselves or house themselves today?
How many millionaires (never mind there were no billionaires) were there 200 years ago...in the entire world?
Wow let's see what the technology that exists today tells us!
However, by the late 1800s, there were about 4,000 millionaires in the USA. Historically Speaking: 19th-century Norwich had many millionaires
In fact and if you're wondering if family background played a part,
- 59 percent of the self-made millionaires came from middle-class households and
- 41 came from poor households -- proving where you start does not dictate where you finish.
Since most self-made millionaires didn't get great grades in school, what is the secret to their success?www.inc.com