Here is why capitalism needs major progressive reform

[Toddsterpatriot]

Lol I don’t huh? Why is that exactly? Can you explain it?

Nope, definitely never said anything that indicated that deductions are always unfair.

Why would I bother telling you that if everything I’ve said so far has been correct either way?

You done yet?

Which deductions are unfair?

Why does it matter if an "effective rate" is below 21%?

No, I'm not done pointing out your errors.

 

[Billy000]

Which deductions are unfair?

Why does it matter if an "effective rate" is below 21%?

No, I'm not done pointing out your errors.

You aren’t pointing out new errors lol. You just desperately ask new questions on the spot and claim victory if I don’t answer them. It’s so dumb lol. Why would i need to answer them if i haven’t said anything incorrect so far?

I will answer one of them because you clearly need an economic lesson. The reason why it is a problem that corporations pay $0 or next to nothing in federal taxes is because it only contributes to the deficit.

 

[struth]

The 'decades long problem' was the 35 percent business profits tax. In what universe does the government deserve 35 percent of a company's profits?

literally none. taxing a business is the govts way of simply adding more taxes on the people.

 

[struth]

Lol I don’t huh? Why is that exactly? Can you explain it?

Nope, definitely never said anything that indicated that deductions are always unfair.

Why would I bother telling you that if everything I’ve said so far has been correct either way?

You done yet?

if the govt is taxing, and giving deductions, and credits, and rebates, then capitalism isn’t unfettered…you’ve literally highlights it’s highly regulated

 

[BackAgain]

This is where the government needs to step in.

And do what?

And why is it a “need?”

 

[BackAgain]

If a corporation causes pollution in the process of manufacturing a product, I say government regulation is called-for and it is justified. So, with that as one example, I have never opposed the right of government to assert some regulation over capitalism.

The real issue is defining those areas where regulation is appropriate and differentiating that from other matters wherein the government should have little to no say.

 

[Toddsterpatriot]

I’ll concede that for some smaller businesses, they shouldn’t be held to these exact standards. If the small business can’t afford this and their business would flop, then the government can provide it instead. This isn’t ideal for any business. You’re right. As far as the government spending would go in this situation, we could easily cut some defense spending (that’s bloated) and make sure corporations pay the OFFICIAL tax rate and not the EFFECTIVE tax rate like they have been doing. Keep in mind that if these changes were implemented, there would be no use for TANF and SNAP for able bodied individuals.

I’ll admit implementating these changes would need to be done over time. It can still be done.

make sure corporations pay the OFFICIAL tax rate and not the EFFECTIVE tax rate like they have been doing.

You haven't shown any instance where effective and official are different.

 

[Billy000]

make sure corporations pay the OFFICIAL tax rate and not the EFFECTIVE tax rate like they have been doing.

You haven't shown any instance where effective and official are different.

Oh I definitely did. Thanks to me, you are now educated on the matter. You’re welcome!

 

[Toddsterpatriot]

Oh I definitely did. Thanks to me, you are now educated on the matter. You’re welcome!

All you did was whine about some paying 0%.

You never showed how any profitable corporation paid less than 21%.

You can run away again.

 

[Billy000]

All you did was whine about some paying 0%.

You never showed how any profitable corporation paid less than 21%.

You can run away again.

Lol are you listening to yourself right now? Like seriously, what the fuck? Too funny lol

 

[Toddsterpatriot]

Lol are you listening to yourself right now? Like seriously, what the fuck? Too funny lol

I know, smacking the shit out of liberal idiots. Hilarious!

 

[Woodznutz]

If a corporation causes pollution in the process of manufacturing a product, I say government regulation is called-for and it is justified. So, with that as one example, I have never opposed the right of government to assert some regulation over capitalism.

The real issue is defining those areas where regulation is appropriate and differentiating that from other matters wherein the government should have little to no say.

Government itself needs to be regulated. It grants itself unlimited resources and unlimited time to do anything. In fact, stalling, or locking up an issue in a committee is a weapon government always uses to simply wear down or frustrate the opposition. The damage done to the people is incalculable.

 

[Woodznutz]

if the govt is taxing, and giving deductions, and credits, and rebates, then capitalism isn’t unfettered…you’ve literally highlights it’s highly regulated

Actually, taxes are necessary regardless of economic model. Massive government programs, such as infrastructure, require massive amounts of capital, best obtained through taxation.

 

[22lcidw]

You aren’t pointing out new errors lol. You just desperately ask new questions on the spot and claim victory if I don’t answer them. It’s so dumb lol. Why would i need to answer them if i haven’t said anything incorrect so far?

I will answer one of them because you clearly need an economic lesson. The reason why it is a problem that corporations pay $0 or next to nothing in federal taxes is because it only contributes to the deficit.

Trump tried to get manufacturing back here...Progs said, "There will be none of that. We are China's bitch"!

 

[Woodznutz]

I will answer one of them because you clearly need an economic lesson. The reason why it is a problem that corporations pay $0 or next to nothing in federal taxes is because it only contributes to the deficit.

The deficit can be controlled by better budgeting. Almost all government funded programs can be adjusted to maintain a balanced federal budget.

To the tax question. Many corporations, businesses, and individuals are ponying up long-deferred taxes as they 'close the book' or retire from various enterprises. The taxes due will be paid ("death and taxes" and all that). The government isn't being starved of tax money, they just want unlimited money to throw around for the purpose of increasing their power and buying elections.

 

[psikeyhackr]

Adam Smith's Wealth of Nations is in the public domain and can be downloaded from Project Gutenberg and searched. The printed book can cost you $15 and take a lot of effort to search. Has Smith's "Invisible Hand" been used as a propaganda tool for decades since most people would never read WoN?

Smith used the word 'invisible' six times but only once as "invisible hand". It is really curious that we hear about the 'invisible hand' so much.

Smith used the word 'education' EIGHTY(80) TIMES. We are not told about that. Search for "and account" and you will find multiple instances of "read, write, and account", not "read, write and arithmetic". Double entry accounting was more than 300 years old when Smith wrote Wealth of Nations, but 50% of Brits were illiterate and public schools did not exist in 1776.

The United States could have made accounting/finance mandatory in the schools since Sputnik. Wouldn't that have helped everyone better serve their own self interest? But we do not hear the people who propagandize us about the "invisible hand" advocating mandatory accounting because that might make their invisible rip-offs more difficult.

Adam Smith never used the word 'depreciation' in WoN. He mentioned paper money being depreciated one time. Marx wrote about 'depreciation' 35 times in Das Kapital, sometimes regarding the depreciation of machines and sometimes of money. Marx even mentioned Adam Smith 130 times though not much about education.

Consumers did not buy automobiles, air conditioners, televisions and microwave ovens before 1885. Marx died in 1883. What does reliability have to do with the depreciation of durable consumer goods? How many people know what bathtub curves have to do with evaluating complex technologies that did not exist in the times of Smith and Marx. How free is the market if the buyers cannot evaluate the products?

But it's OK! Our brilliant economists do not talk about the depreciation of under engineered consumer trash today. Every time you buy a replacement the purchase is added to GDP. What about NDP? Oh sorry, when do you ever hear an economist explain NDP? That's OK too, they only depreciate the Capital Goods and ignore the depreciation of consumer junk anyway.

Wealth of Nations has probably been in the public domain for a hundred years but cheap computing did not make it available in Project Gutenberg until 3/17/2001. Milton Friedman died in 2006. Was Friedman giving us the straight dope on economics or treating us like a bunch of dopes for decades?

 

[BackAgain]

Government itself needs to be regulated. It grants itself unlimited resources and unlimited time to do anything. In fact, stalling, or locking up an issue in a committee is a weapon government always uses to simply wear down or frustrate the opposition. The damage done to the people is incalculable.

Woody: I’m with you. The government doesn’t seem to be concerned with Constitutional commands or restrictions. Absent that kind of fidelity, the government isn’t really “our” government.

Midterms better see us cleaning house. We are only a republic if we can do so.

 

[imawhosure]

You aren’t pointing out new errors lol. You just desperately ask new questions on the spot and claim victory if I don’t answer them. It’s so dumb lol. Why would i need to answer them if i haven’t said anything incorrect so far?

I will answer one of them because you clearly need an economic lesson. The reason why it is a problem that corporations pay $0 or next to nothing in federal taxes is because it only contributes to the deficit.

Billee Baloney, you are a phony-e-Baloney. Good luck with your thread, lol. Taking you down is useless with the midterms so close. Not enough people will get to witness it-)

Still, you are the biggest ass on this site. When it all goes bad for you and your friends come November, forgive me, but I will be here to remind you.

Doesn't mean I am brilliant, just means you are that DUMB!

CYA chump, wouldn't want to be ya!

 

[Billy000]

Billee Baloney, you are a phony-e-Baloney. Good luck with your thread, lol. Taking you down is useless with the midterms so close. Not enough people will get to witness it-)

Still, you are the biggest ass on this site. When it all goes bad for you and your friends come November, forgive me, but I will be here to remind you.

Doesn't mean I am brilliant, just means you are that DUMB!

CYA chump, wouldn't want to be ya!

Lol yes congratulations the party not in power gets their power back in the midterms. Historically how it’s always been.

You don’t win a whole lot in life huh?

 

[CrusaderFrank]

Republicans are under the delusion that all far lefties want to get rid of capitalism altogether. While some misguided liberals do express this, for the most part that isn’t what we want. I mean this sure as hell is not what democrats in office want - not even close.

There’s no denying that capitalism is essential for any nation’s economy to be successful. A private market itself is important. Hell most nations know this anyway. I mean contrary to popular belief, Venezuela has a private market. The government is simply incompetent so that’s why it is a failed state.

To me, capitalism in America in the 50’s is the dream. Capitalism now in America? It’s a complete joke. Unfettered capitalism sounds good on paper, but it simply isn’t in practice.

Let me sum up how corporations today view labor:

“Okay so how much can we pay our employees to at least keep them productive and keep a steady flow of applicants? Turnover isn’t a big deal so long as new people come in a steady flow. Obviously we aren’t concerned about paying them a wage they can live off of. We just meed to maximize profit.”

This is where the government needs to step in.

Make America Venezuela! - Progressive Motto