They dropped them below 15% and the money rolled in.
You got that documented? I would like to see some numbers, should be easy to find.
Isn't WACC much lower with a 70% rate than with a 21% rate?
Higher taxes subsidize risk. You want companies to take more risk, increase their tax rate.
Right? 70% is a much bigger subsidy than 21%.
Why yes, higher marginal tax rates do subsidize risk higher than lower marginal tax rates. Another way to look at it is that taxes are the "cost" of taking money out of a business. Because you don't pay taxes on money you reinvest in the company. If you lower the cost of taking money out of the business why would anyone believe that would encourage companies to leave more money in the business? Yet that is the entire argument of lowering corporate taxes.
You asked me how it would impact inflation, not whether Republicans support it or whether it was a good idea to give China PNTR.
Right how would tariffs impact inflation? Are you arguing that it would not spur inflation
Should we defend any domestic producers from Chinese imports?
Maybe sectors vital to national security. Semi-conductor manufacturers, rare earth mineral mining. Trump do anything about those two sectors? Nope, he is worried about you being able to get a cheap washing machine, but if we have to depend on China for rare earth minerals and semi-conductors it is no big deal. Biden actually addressed both those sectors since he has been in office
Yes. And? Should we welcome swarms of illegals to benefit homeowners and those with rental properties?.
Well see, that is just it. Those illegals, they benefit us all. Every economic study, and almost every real economist, support the reality, they give more than they take. I see it, on a professional and on a personal level, almost every single day. I live in a rural area, and it is certainly Trump country. But the whole illegal immigration canard, it don't carry much weight here. Immigrants are too vital a component of the local economy. They work in agriculture, food manufacturing, furniture, warehouse, restaurants. They are a vibrant part of the economy, sought after customers. And they start businesses, rather it is food truck, or a field crop producer, and those businesses bring even more to the local economy.,
You know. I kind of just want to stop right there. I mean the topic is inflation, right? Trump has talked about stopping, or taxing, remittances, a huge part of the immigration issue. How do those remittances, money they send back to their home country, impact inflation, first, here, but second, in their home country, and yes, this is a test.
I grew up in a really small town, at the foothills of the Blue Ridge mountains. It was a long time ago. It was mostly a mill town, right across the river from the old abandoned mill town they used in Hunger games. Most people worked in the mill. But there was a grocery store, Dad was the manager. A newspaper, a hardware store, a haberdashery, a funeral home, a "dime store", a woman's fashion boutique. Barber shop, beauty parlor, don't confuse the two.
What a bunch of commies. Or fascists. I don't know, I get confused. There was like a community doctor, the mill paid for him. There were several public parks, all with ballfields, softball was the thing. The mill paid for it. And then they went and done it. It had to have been the late 60's. State of the art, "Recreation Center", paid with bonds, mostly funded by ABC revenues. Olympic pool, one and three meter springboards into a diving area--check out that liability insurance premium today. Indoor basketball courts, ping-pong, weights, and of course, pool and pinball. All FREE. Commie bastards. Music auditorium, art rooms, and of course, first class baseball fields, back to back, outfields meeting each other.
In all fields, that little tiny ass town has delivered. But the real point, all those businesses, they were individually owned, small businesses. And the "profits', the wealth those businesses generated, it stayed right there, in that tiny little community. Everyone knew everyone, and the vibe I am getting from Vance, he kind of witnessed that, but he wasn't really a part of it. He visited, for the summer. I can empathize.
I didn't cross into a different state to stay with the grandparents. I merely crossed the county line, a major river, and a few fire districts. I was an indentured servant during my summers out of school. It was like right after school was out, boom, staying at the grandparents. Up at four in the morning. I am feeding the calves their "formula". And you really don't want to know what that looks like. But Mom, she is giving her milk to the tanks in the milk parlor. And mid-morning, a real tanker will show up to cart it away.
It is not even summer yet, but thankfully, the sun is up when all is done. Me and the cousins clean it all up, the grandparents cook, and bake, breakfast. OMG, amazing. But it is much needed fuel. We on the tractors, combine is running, uncle is in the dump truck, it is get the early wheat in, rake and bale the straw, and get it up top, in the barn loft, three stories up. We fill up the silo, cramp up the barn loft, and I get to go back across the damn river. Till right before the
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