Anyone want to talk about the joys of high taxes?

[OnePercenter]

Tell me again how higher taxes are good for the economy.

Tell me gain how high taxes spur investment.

Tell me again how we need to be more like Europe.

The French economy unexpectedly shrank in the third quarter as President Francois Hollande failed to revive corporate investment in the face of one of the world’s heaviest tax burdens.
Gross domestic product fell 0.1 percent in the three months through September, national statistics office Insee said in an e-mailed statement. Economists forecast no growth, according to the median of 24 estimates in a Bloomberg News survey.
The figures, which follow France’s exit from recession in the second quarter, underline the issues Hollande is confronting as he tries to revive Europe’s second-largest economy and reverse an increase in unemployment that’s at a 14-year high. Facing taxes equivalent to 46 percent of GDP, companies such as Cie de Saint Gobain SA are cutting investment spending or holding off raising it.
“The French economy may have touched bottom but companies are still hesitating,” said Michel Martinez, an economist at Societe Generale in Paris. “There remains huge uncertainty around economic policy and profit margins are among the weakest in Europe. The upshot is that we have a recovery but a tepid one.”
Investment spending by non-financial companies fell 0.6 percent in the quarter, while consumer spending rose 0.2 percent.

French Economy Shrinks as Businesses Hold Off on Investment - Bloomberg

While you are at it, tell me why this is "unexpected."

In 2012, Walmart income was 446.95B, of which they paid 5.34B in domestic taxes.

 

[Kimura]

... the government isn't some Robin Hood, dependent on tax revenues to operate. The government spends/creates $$$$ by having the FED credit private bank accounts...

Actually, the money the fed issues and the currency the Treasury Dept. prints/coins adds up to a small percentage of the total $12T in the US money supply. The vast majority of money creation is by banks loaning money on the collateral they get title to. The government does not issue and print enough money to operate, so it needs some of the money created in banks. The reason the rich get taxed more than the poor is because they have more money than the poor.

It's how things work.

The government doesn't need tax revenues to operate, nor does it redistribute it to the poor. This is a massive misconception. Government spending precedes tax payments or any type of borrowing which occurs. I was referring to base money.

The federal government imposes taxes to create demand for the national unit of account and to regulate aggregate demand. The government creates the national unit of account (US dollars), and then the government taxes in the national unit of account. In all modern nation states, this is good enough to ensure that all assets, prices, and debt are denominated in the national unit of account, whether it's US dollars, Yen, Australian dollars, etc.

 

[eagle1462010]

This morning I got up.
Drove my car on something called "a road". That was the result of taxes.
It took me over something called "bridge". That was a the result of taxes.
Before turning on to the street I worked, I noticed another car stopped at something called a "traffic light". That was the result of taxes.

So I made it to work in one piece. That was the result of taxes.

General Disclaimer note..............

All products used to produce roads, bridges, electricity, lights were invented, produced and installed by the private sector. These above comments are not intended to suggest that the Gov't built and paid for these products and in no way does the Gov't intend to take credit for those individuals that have produced the products we use through Capitalism................

Well no.

But dream a little dream.

LOL

So the Gov't created concrete, steel, asphalt and etc......

Damn man, I didn't know they were so smart.................

Me and the neighbors looked at the road we drive on and go, we paid for that as we paid taxes.............The shame of it all.............

 

[OnePercenter]

Tell me again how higher taxes are good for the economy.

Tell me gain how high taxes spur investment.

Tell me again how we need to be more like Europe.

The French economy unexpectedly shrank in the third quarter as President Francois Hollande failed to revive corporate investment in the face of one of the world’s heaviest tax burdens.
Gross domestic product fell 0.1 percent in the three months through September, national statistics office Insee said in an e-mailed statement. Economists forecast no growth, according to the median of 24 estimates in a Bloomberg News survey.
The figures, which follow France’s exit from recession in the second quarter, underline the issues Hollande is confronting as he tries to revive Europe’s second-largest economy and reverse an increase in unemployment that’s at a 14-year high. Facing taxes equivalent to 46 percent of GDP, companies such as Cie de Saint Gobain SA are cutting investment spending or holding off raising it.
“The French economy may have touched bottom but companies are still hesitating,” said Michel Martinez, an economist at Societe Generale in Paris. “There remains huge uncertainty around economic policy and profit margins are among the weakest in Europe. The upshot is that we have a recovery but a tepid one.”
Investment spending by non-financial companies fell 0.6 percent in the quarter, while consumer spending rose 0.2 percent.

French Economy Shrinks as Businesses Hold Off on Investment - Bloomberg

While you are at it, tell me why this is "unexpected."

Nothing from Bloomberg about French economy still trying to recover from Banque AIG credit default swap/derivatives mess. I'll bet Phil Gramm (R) isn't welcome there.

 

[eagle1462010]

Another note..................

The businesses and Companies have paid sufficient taxes to pay for all the roads, bridges etc. used in the Shallow post.

To show his appreciation for the liberties of using their roads, as they paid for them, he should send thankyou letters to them all.................

Basically each American pays something like 4 grand a year to subsidize the "Too big to fail types".

The thanks should come from them.

The Gov't let's them do so as they are the biggest political donors. Hell, your Progressive Hero Wilson gave the banks the power of currency.................

And by the Good graces of the status quo, they gave themselves 17 Trillion in Zero Percent loans................

None in jail and they've done it again. Even under Obama..............Oh my God..........The king is controlled by them as well........And yet you kiss his feet daily............

tsk tsk...........

 

[eagle1462010]

Tell me again how higher taxes are good for the economy.

Tell me gain how high taxes spur investment.

Tell me again how we need to be more like Europe.

The French economy unexpectedly shrank in the third quarter as President Francois Hollande failed to revive corporate investment in the face of one of the world’s heaviest tax burdens.
Gross domestic product fell 0.1 percent in the three months through September, national statistics office Insee said in an e-mailed statement. Economists forecast no growth, according to the median of 24 estimates in a Bloomberg News survey.
The figures, which follow France’s exit from recession in the second quarter, underline the issues Hollande is confronting as he tries to revive Europe’s second-largest economy and reverse an increase in unemployment that’s at a 14-year high. Facing taxes equivalent to 46 percent of GDP, companies such as Cie de Saint Gobain SA are cutting investment spending or holding off raising it.
“The French economy may have touched bottom but companies are still hesitating,” said Michel Martinez, an economist at Societe Generale in Paris. “There remains huge uncertainty around economic policy and profit margins are among the weakest in Europe. The upshot is that we have a recovery but a tepid one.”
Investment spending by non-financial companies fell 0.6 percent in the quarter, while consumer spending rose 0.2 percent.

French Economy Shrinks as Businesses Hold Off on Investment - Bloomberg

While you are at it, tell me why this is "unexpected."

Nothing from Bloomberg about French economy still trying to recover from Banque AIG credit default swap/derivatives mess. I'll bet Phil Gramm (R) isn't welcome there.

Obama and the Dems shouted Glass Steagal........Ummmm were is that at now............

As the Bubble Machine reaches new highs.....................

They didn't do anything about it did they..................

Again, puppets on a string for their corporate sponsors........................

A Stock Market based on fiction and FIAT CURRENCY, not the real world of supply and demand.............

 

[eagle1462010]

BTW

I forgot to mention in the last post............

Which President signed that law.............

Just mentioning it.............

 

[OnePercenter]

BTW

I forgot to mention in the last post............

Which President signed that law.............

Just mentioning it.............

It was Clinton, and it was a budget bill. Gramm attached. If Clinton didn't sign it, he would have 'shut down the government'. Sound familiar?

 

[OnePercenter]

Tell me again how higher taxes are good for the economy.

Tell me gain how high taxes spur investment.

Tell me again how we need to be more like Europe.



French Economy Shrinks as Businesses Hold Off on Investment - Bloomberg

While you are at it, tell me why this is "unexpected."

Nothing from Bloomberg about French economy still trying to recover from Banque AIG credit default swap/derivatives mess. I'll bet Phil Gramm (R) isn't welcome there.

Obama and the Dems shouted Glass Steagal........Ummmm were is that at now............

As the Bubble Machine reaches new highs.....................

They didn't do anything about it did they..................

Again, puppets on a string for their corporate sponsors........................

A Stock Market based on fiction and FIAT CURRENCY, not the real world of supply and demand.............

It takes time to recover from a $536Trillion hit.

FYI: There is no supply and demand. It's fixed. Has been for decades.

 

[eagle1462010]

Gramm?Leach?Bliley Act - Wikipedia, the free encyclopedia

Ummmmmm which part of the shut down was that..........................

Who voted for it..............................

Ferris Bueller....................

 

[Synthaholic]

Tell me again how higher taxes are good for the economy.

Tell me gain how high taxes spur investment.

Tell me again how we need to be more like Europe.

The French economy unexpectedly shrank in the third quarter as President Francois Hollande failed to revive corporate investment in the face of one of the world’s heaviest tax burdens.
Gross domestic product fell 0.1 percent in the three months through September, national statistics office Insee said in an e-mailed statement. Economists forecast no growth, according to the median of 24 estimates in a Bloomberg News survey.
The figures, which follow France’s exit from recession in the second quarter, underline the issues Hollande is confronting as he tries to revive Europe’s second-largest economy and reverse an increase in unemployment that’s at a 14-year high. Facing taxes equivalent to 46 percent of GDP, companies such as Cie de Saint Gobain SA are cutting investment spending or holding off raising it.
“The French economy may have touched bottom but companies are still hesitating,” said Michel Martinez, an economist at Societe Generale in Paris. “There remains huge uncertainty around economic policy and profit margins are among the weakest in Europe. The upshot is that we have a recovery but a tepid one.”
Investment spending by non-financial companies fell 0.6 percent in the quarter, while consumer spending rose 0.2 percent.

French Economy Shrinks as Businesses Hold Off on Investment - Bloomberg

While you are at it, tell me why this is "unexpected."

^^^ Thinks the U.S. and French economies are equivalent!

 

[OnePercenter]

Gramm?Leach?Bliley Act - Wikipedia, the free encyclopedia

Ummmmmm which part of the shut down was that..........................

Who voted for it..............................

Ferris Bueller....................

Again. It was attached to a budget bill. Republicans were against line-item veto.

 

[hangover]

Anyone want to talk about the joys of high taxes?

Oh what joy, for the rich to run up a $17 trillion national debt, and have their taxes LOWERED from 90% in the 60's, down to 33% today, with loopholes that allow them to get away with paying only 10%, while raising taxes on the middle class to pay off the national debt. But that's far too much for the rich, they have to set up off shore secret accounts to hide their greedy stash.
It's such a joy for the greedy to fuck their own country.

 

[eagle1462010]

Gramm?Leach?Bliley Act - Wikipedia, the free encyclopedia

Ummmmmm which part of the shut down was that..........................

Who voted for it..............................

Ferris Bueller....................

Again. It was attached to a budget bill. Republicans were against line-item veto.

BS.

Prove it

 

[eagle1462010]

[ame]https://www.youtube.com/watch?v=WkG4iXiZCQE#t=30[/ame]

Start at minute 15 and tell me how he was forced to do this..........

Explain the vote numbers while you are at it............

Now listen to Clinton himself, enjoy..........

 

[eagle1462010]

Hey Rubin, what ya been up to...............

Another version............

 

[eagle1462010]

Bird's chirping............

It's terrible when you here the real deal from their own mouths isn't it..................

 

[Quantum Windbag]

This morning I got up.
Drove my car on something called "a road". That was the result of taxes.
It took me over something called "bridge". That was a the result of taxes.
Before turning on to the street I worked, I noticed another car stopped at something called a "traffic light". That was the result of taxes.

So I made it to work in one piece. That was the result of taxes.

No it wasn't, but thanks for pretending you understand what you are talking about.

 

[Quantum Windbag]

Nothing from Bloomberg about French economy still trying to recover from Banque AIG credit default swap/derivatives mess. I'll bet Phil Gramm (R) isn't welcome there.

Obama and the Dems shouted Glass Steagal........Ummmm were is that at now............

As the Bubble Machine reaches new highs.....................

They didn't do anything about it did they..................

Again, puppets on a string for their corporate sponsors........................

A Stock Market based on fiction and FIAT CURRENCY, not the real world of supply and demand.............

It takes time to recover from a $536Trillion hit.

FYI: There is no supply and demand. It's fixed. Has been for decades.

Amazing.

You actually know less about economics than you do accounting. I would have said that was impossible, thanks for reminding me i can be wrong.

 

[Quantum Windbag]

Gramm?Leach?Bliley Act - Wikipedia, the free encyclopedia

Ummmmmm which part of the shut down was that..........................

Who voted for it..............................

Ferris Bueller....................

Again. It was attached to a budget bill. Republicans were against line-item veto.

Yet they voted for it.