To Conservatives: What drives the economy?

[DrDoomNGloom]

What drives our economy? Consumer spending or business investment?

If you think consumer spending drives the economy, what would be wrong about putting more disposable income into the hands of the middle class and the poor?

If it's business investment, what would be wrong about making adjustments to the tax code that would discourage outsourcing and off shore tax shelters? Shouldn't American business investment be made in, I don't know, maybe America?

Why are you so confused son??

What if I think neither, What if I think all you lazy couch potatoes that are societal leeches and constantly looking for ways to take what other hard working people have are the real problem in society.

What if I change your BS to read

If you think consumer spending drives the economy, what would be wrong with putting more disposable income into the hands of the middle class and poor??
Why can not the poor and middle class not get jobs and work like the rest of us tax paying folks?? Need more to spend, work harder, get a better job skill or another job, there are ways to be self dependent, self sufficient.

If it's business investment, what would be wrong about making adjustments to the tax code that would discourage outsourcing and off shore tax shelters? Shouldn't American business investment be made in, I don't know, maybe America?In other words we know you have profits and we want as much as we can get of them.... We will construct laws to keep you, your company and your money held hostage in the USA .............This will be fine with the rest of you, right comrades???

For the nation with the highest tax code of any Democratic nation you leeches sure are some thirsty bastards .........

I'm thinking purely about moving our economy forward with health, sustainability and gusto. The poor and the middle class do most of the consumer spending in this country, so having more disposable income means more capital flowing from hand to hand. That, after all, is the definition of economic growth.

As for corporations sequestering their profits from our economic system, I think that as those corporations benefit from the security of the United States, the transportation system of the United States and the workers of the United States, those corporations should kick in to help maintain all of the above. Allowing them to profit without paying for the privilege only removes capital from our system, thus slowing it and shrinking our economy.

Once again we agree, but the societal leeches must unass the couches and become productive members of society. While the largest sector of the population that is of working age and is capable of working is refusing to participate in the work force. Now get them off their ass's and put them to work. By EARNING WAGES you have much more disposable income, than by leeching off of others, individuals or corporations / business's.

These corporations get the same or better benefits from other countries....

Japan Attracting Business with Corporate Tax Reforms
June 04, 2014
By
William McBride

The Wall Street Journal reports that Japan will likely reduce its corporate tax rate starting next year, possibly in stages down to around 25 or 30 percent. This would make Japan more competitive with its nearest neighbors, particularly China which has a 25 percent corporate tax rate. Currently, Japan has the second highest corporate tax rate in the developed world at about 35 percent, while the U.S. has the highest corporate tax rate at 39.1 percent (including national and subnational taxes). If Japan cuts their corporate tax rate the next highest corporate tax rates in the developed world would be in France and Belgium, both at 34 percent.

Japan appears likely to raise its consumption tax next year from 8 percent to 10 percent, partly to offset any lost corporate tax revenue. The Journal has an interesting graphic indicating that Japan’s consumption tax already raises more revenue than its corporate tax, and with a rate that is less than one-quarter the corporate tax rate.

These reforms follow corporate rate cuts in each of the last two years that reduced Japan’s corporate rate from the highest in the developed world, at 39.5 percent, to now the second highest behind the U.S. Further, in 2009 Japan switched from taxing multinational corporations on a worldwide basis, as the U.S. does, to taxing them on a territorial basis, i.e. exempting profits earned outside Japan. The territorial approach is now the international norm, and is yet another area where the U.S. lags behind the competition.

Unlike the U.S., Japan is making solid commitments to reform its corporate tax system so as to be competitive as a place to invest and headquarter a company. Although it’s in the early stages, there are some signs that the reforms are working. For instance, another headline in today’s Journal is “Dai-ichi to Buy Protective Life for $5.7 Billion.” Dai-ichi is a Japanese life insurance company and Protective Life is a U.S. life insurance company based in Birmingham, AL. Starting in January, Protective Life will be a wholly owned subsidiary of Dai-ichi, and the new company will pay tax under Japan’s more competitive tax rules. Particularly, due to Japan’s territorial tax system, any foreign profits of Protective Life will now be largely exempt from either U.S. tax or Japan tax. Those profits will be taxed only where they are earned. That is the way most countries outside the U.S. treat multinational corporations.

Another sign came last year, when Suntory Holdings of Japan announced it was buying Beam, Inc., maker of Jim Beam, Makers Mark, Laphroaig Scotch and other liquors with worldwide appeal. Also last year, Sprint was purchased by Tokyo-based Softbank, and now that company is trying to take over T-Mobile.

More than a dozen companies have left the U.S. in recent years, mainly for low-tax countries such as the U.K. and Ireland. Many others, such as Pfizer, are quite publicly contemplating it. The best way to keep these companies, and to encourage others to move here, start here and grow here, is to reform the corporate tax by lowering the rate and switching to territorial taxation.

Japan Attracting Business with Corporate Tax Reforms | Tax Foundation

Wake the **** up and use some common sense.....

 

[Nosmo King]

Hey, lets not **** around. 5% is WAY to high. I like 3%. Maybe 2%.

Lets race to the bottom.

Why do you hate this country?

Because I want to lower yours and mines taxes to 2% instead of 5 or 10, you have come to the conclusion I hate my country?

Hell, your kind is the ones that want to bankrupt us with a tax base that is so far below what we need, we would go bankrupt. I was just agreeing with you.

Who needs a stinking tax base to run a country. Somalia don't.

No paved roads, rum used as an anesthetic, and a constant state of fear and violence. Yes Somalia! Somalia: Land off Enchantment and Opportunity is your paradigm of progress!

 

[zeke]

Why do you hate this country?

Because I want to lower yours and mines taxes to 2% instead of 5 or 10, you have come to the conclusion I hate my country?

Hell, your kind is the ones that want to bankrupt us with a tax base that is so far below what we need, we would go bankrupt. I was just agreeing with you.

Who needs a stinking tax base to run a country. Somalia don't.[/QUOTE]No paved roads, rum used as an anesthetic, and a constant state of fear and violence. Yes Somalia! Somalia: Land off Enchantment and Opportunity is your paradigm of progress!

Nosmo, sarcasm man, sarcasm. At least I was being sarcastic. The other poster really does want a 5% tax rate and for the country to go bankrupt. Ah well.

 

[Nosmo King]

Why are you so confused son??

What if I think neither, What if I think all you lazy couch potatoes that are societal leeches and constantly looking for ways to take what other hard working people have are the real problem in society.

What if I change your BS to read

If you think consumer spending drives the economy, what would be wrong with putting more disposable income into the hands of the middle class and poor??
Why can not the poor and middle class not get jobs and work like the rest of us tax paying folks?? Need more to spend, work harder, get a better job skill or another job, there are ways to be self dependent, self sufficient.

If it's business investment, what would be wrong about making adjustments to the tax code that would discourage outsourcing and off shore tax shelters? Shouldn't American business investment be made in, I don't know, maybe America?In other words we know you have profits and we want as much as we can get of them.... We will construct laws to keep you, your company and your money held hostage in the USA .............This will be fine with the rest of you, right comrades???

For the nation with the highest tax code of any Democratic nation you leeches sure are some thirsty bastards .........

I'm thinking purely about moving our economy forward with health, sustainability and gusto. The poor and the middle class do most of the consumer spending in this country, so having more disposable income means more capital flowing from hand to hand. That, after all, is the definition of economic growth.

As for corporations sequestering their profits from our economic system, I think that as those corporations benefit from the security of the United States, the transportation system of the United States and the workers of the United States, those corporations should kick in to help maintain all of the above. Allowing them to profit without paying for the privilege only removes capital from our system, thus slowing it and shrinking our economy.

Once again we agree, but the societal leeches must unass the couches and become productive members of society. While the largest sector of the population that is of working age and is capable of working is refusing to participate in the work force. Now get them off their ass's and put them to work. By EARNING WAGES you have much more disposable income, than by leeching off of others, individuals or corporations / business's.

These corporations get the same or better benefits from other countries....

Japan Attracting Business with Corporate Tax Reforms
June 04, 2014
By
William McBride

The Wall Street Journal reports that Japan will likely reduce its corporate tax rate starting next year, possibly in stages down to around 25 or 30 percent. This would make Japan more competitive with its nearest neighbors, particularly China which has a 25 percent corporate tax rate. Currently, Japan has the second highest corporate tax rate in the developed world at about 35 percent, while the U.S. has the highest corporate tax rate at 39.1 percent (including national and subnational taxes). If Japan cuts their corporate tax rate the next highest corporate tax rates in the developed world would be in France and Belgium, both at 34 percent.

Japan appears likely to raise its consumption tax next year from 8 percent to 10 percent, partly to offset any lost corporate tax revenue. The Journal has an interesting graphic indicating that Japan’s consumption tax already raises more revenue than its corporate tax, and with a rate that is less than one-quarter the corporate tax rate.

These reforms follow corporate rate cuts in each of the last two years that reduced Japan’s corporate rate from the highest in the developed world, at 39.5 percent, to now the second highest behind the U.S. Further, in 2009 Japan switched from taxing multinational corporations on a worldwide basis, as the U.S. does, to taxing them on a territorial basis, i.e. exempting profits earned outside Japan. The territorial approach is now the international norm, and is yet another area where the U.S. lags behind the competition.

Unlike the U.S., Japan is making solid commitments to reform its corporate tax system so as to be competitive as a place to invest and headquarter a company. Although it’s in the early stages, there are some signs that the reforms are working. For instance, another headline in today’s Journal is “Dai-ichi to Buy Protective Life for $5.7 Billion.” Dai-ichi is a Japanese life insurance company and Protective Life is a U.S. life insurance company based in Birmingham, AL. Starting in January, Protective Life will be a wholly owned subsidiary of Dai-ichi, and the new company will pay tax under Japan’s more competitive tax rules. Particularly, due to Japan’s territorial tax system, any foreign profits of Protective Life will now be largely exempt from either U.S. tax or Japan tax. Those profits will be taxed only where they are earned. That is the way most countries outside the U.S. treat multinational corporations.

Another sign came last year, when Suntory Holdings of Japan announced it was buying Beam, Inc., maker of Jim Beam, Makers Mark, Laphroaig Scotch and other liquors with worldwide appeal. Also last year, Sprint was purchased by Tokyo-based Softbank, and now that company is trying to take over T-Mobile.

More than a dozen companies have left the U.S. in recent years, mainly for low-tax countries such as the U.K. and Ireland. Many others, such as Pfizer, are quite publicly contemplating it. The best way to keep these companies, and to encourage others to move here, start here and grow here, is to reform the corporate tax by lowering the rate and switching to territorial taxation.

Japan Attracting Business with Corporate Tax Reforms | Tax Foundation

Wake the **** up and use some common sense.....

First, let's define what you call 'societal leeches'. Next, consider the job market. If folks who have here to fore made a comfortable living, yet their place of employment has closed down and moved to Asia or Latin America, there will be a real hardship securing work. If the factory in town closes, the property values plummet, the job market dries up and there is precious little chance of selling your home and moving to where the jobs are. No one is buying a house in a town that is dying from lack of work. These are real life situations, not some musings from a pundit employing bumper sticker thinking that is simple yet ingenuous.

 

[The Rabbi]

Business investment of course is the more important component of the economy, because that's what stimulates growth.
Currently the administration is savaging that in two ways: the first is higher taxes with promises of more to come. That includes the Obamacare crap, which has been put off but is coming. Companies anticipating higher employee costs are not looking to expand.
The second is more regulation. Virtually every industry has seen more regulation, which adds to costs. The uncertainty of future regulatory action adds to anxiety among corporations, prompting them to increase their cash reserves and put off expansion projects
While employment has been increasing, the dirty secret is most of those are part time jobs. People must cobble together two part time jobs to get the earning power they used to get from one. So I don't think household income has increased that much. That's mostly an aside however.

Now, ignorant assholes like government worker Nosmo just can't understand why corporations are not stepping up to the plate and opening their coffers to employees, doing their civic duty. This is beause the only thing he's ever run is his keyboard on this site.

 

[DrDoomNGloom]

I'm thinking purely about moving our economy forward with health, sustainability and gusto. The poor and the middle class do most of the consumer spending in this country, so having more disposable income means more capital flowing from hand to hand. That, after all, is the definition of economic growth.

As for corporations sequestering their profits from our economic system, I think that as those corporations benefit from the security of the United States, the transportation system of the United States and the workers of the United States, those corporations should kick in to help maintain all of the above. Allowing them to profit without paying for the privilege only removes capital from our system, thus slowing it and shrinking our economy.

Once again we agree, but the societal leeches must unass the couches and become productive members of society. While the largest sector of the population that is of working age and is capable of working is refusing to participate in the work force. Now get them off their ass's and put them to work. By EARNING WAGES you have much more disposable income, than by leeching off of others, individuals or corporations / business's.

These corporations get the same or better benefits from other countries....

Japan Attracting Business with Corporate Tax Reforms
June 04, 2014
By
William McBride

The Wall Street Journal reports that Japan will likely reduce its corporate tax rate starting next year, possibly in stages down to around 25 or 30 percent. This would make Japan more competitive with its nearest neighbors, particularly China which has a 25 percent corporate tax rate. Currently, Japan has the second highest corporate tax rate in the developed world at about 35 percent, while the U.S. has the highest corporate tax rate at 39.1 percent (including national and subnational taxes). If Japan cuts their corporate tax rate the next highest corporate tax rates in the developed world would be in France and Belgium, both at 34 percent.

Japan appears likely to raise its consumption tax next year from 8 percent to 10 percent, partly to offset any lost corporate tax revenue. The Journal has an interesting graphic indicating that Japan’s consumption tax already raises more revenue than its corporate tax, and with a rate that is less than one-quarter the corporate tax rate.

These reforms follow corporate rate cuts in each of the last two years that reduced Japan’s corporate rate from the highest in the developed world, at 39.5 percent, to now the second highest behind the U.S. Further, in 2009 Japan switched from taxing multinational corporations on a worldwide basis, as the U.S. does, to taxing them on a territorial basis, i.e. exempting profits earned outside Japan. The territorial approach is now the international norm, and is yet another area where the U.S. lags behind the competition.

Unlike the U.S., Japan is making solid commitments to reform its corporate tax system so as to be competitive as a place to invest and headquarter a company. Although it’s in the early stages, there are some signs that the reforms are working. For instance, another headline in today’s Journal is “Dai-ichi to Buy Protective Life for $5.7 Billion.” Dai-ichi is a Japanese life insurance company and Protective Life is a U.S. life insurance company based in Birmingham, AL. Starting in January, Protective Life will be a wholly owned subsidiary of Dai-ichi, and the new company will pay tax under Japan’s more competitive tax rules. Particularly, due to Japan’s territorial tax system, any foreign profits of Protective Life will now be largely exempt from either U.S. tax or Japan tax. Those profits will be taxed only where they are earned. That is the way most countries outside the U.S. treat multinational corporations.

Another sign came last year, when Suntory Holdings of Japan announced it was buying Beam, Inc., maker of Jim Beam, Makers Mark, Laphroaig Scotch and other liquors with worldwide appeal. Also last year, Sprint was purchased by Tokyo-based Softbank, and now that company is trying to take over T-Mobile.

More than a dozen companies have left the U.S. in recent years, mainly for low-tax countries such as the U.K. and Ireland. Many others, such as Pfizer, are quite publicly contemplating it. The best way to keep these companies, and to encourage others to move here, start here and grow here, is to reform the corporate tax by lowering the rate and switching to territorial taxation.

Japan Attracting Business with Corporate Tax Reforms | Tax Foundation

Wake the **** up and use some common sense.....

First, let's define what you call 'societal leeches'. Next, consider the job market. If folks who have here to fore made a comfortable living, yet their place of employment has closed down and moved to Asia or Latin America, there will be a real hardship securing work. If the factory in town closes, the property values plummet, the job market dries up and there is precious little chance of selling your home and moving to where the jobs are. No one is buying a house in a town that is dying from lack of work. These are real life situations, not some musings from a pundit employing bumper sticker thinking that is simple yet ingenuous.

Well let's first look at precipitating factors, this mythical business that went belly up and started the chain .... What was the cause of failure?? Could it possibly be over taxation??
The government forcing a minimum wage or health insurance cost on the business?? The over regulation of energy usage to suck up more profits?? No all the incessant taking and taxing has nothing what so ever to do with the factory in your ******* little mythical world.

 

[LordBrownTrout]

Hey, lets not **** around. 5% is WAY to high. I like 3%. Maybe 2%.

Lets race to the bottom.

Why do you hate this country?

Because I want to lower yours and mines taxes to 2% instead of 5 or 10, you have come to the conclusion I hate my country?

Hell, your kind is the ones that want to bankrupt us with a tax base that is so far below what we need, we would go bankrupt. I was just agreeing with you.

Who needs a stinking tax base to run a country. Somalia don't.

You weren't agreeing. You were trying to say that if we lower taxes we'll be yemen.

 

[The Rabbi]

Why do you hate this country?

Because I want to lower yours and mines taxes to 2% instead of 5 or 10, you have come to the conclusion I hate my country?

Hell, your kind is the ones that want to bankrupt us with a tax base that is so far below what we need, we would go bankrupt. I was just agreeing with you.

Who needs a stinking tax base to run a country. Somalia don't.

You weren't agreeing. You were trying to say that if we lower taxes we'll be yemen.

Zeke thinks "Yemen" are members of a secret society, like the Water Buffaloes or something.

 

[Skull Pilot]

What's wrong with letting everyone keep more of their own money?

Lower the income tax to a flat 10% for all income
Lower the corporate tax to the same percentage.

I don't think that drastically lowering the taxes on the minority rich while drastically increasing the taxes on the majority poor is a fair sensible course of action.

A 10% tax is not a "drastic increase" 10% is already the lowest tax bracket.

 

[Rozman]

What drives our economy? Consumer spending or business investment?

If you think consumer spending drives the economy, what would be wrong about putting more disposable income into the hands of the middle class and the poor?

If it's business investment, what would be wrong about making adjustments to the tax code that would discourage outsourcing and off shore tax shelters? Shouldn't American business investment be made in, I don't know, maybe America?

Unemployment checks and food stamps drive the Obama economy

That's what Nancy says...

 

[AvgGuyIA]

What drives our economy? Consumer spending or business investment?

If you think consumer spending drives the economy, what would be wrong about putting more disposable income into the hands of the middle class and the poor?

If it's business investment, what would be wrong about making adjustments to the tax code that would discourage outsourcing and off shore tax shelters? Shouldn't American business investment be made in, I don't know, maybe America?

John Deere tractors.

 

[AvgGuyIA]

Well, having a tax code that offers advantages to move overseas is not exactly a positive. You can't have spending without jobs from investment. But don't try to tell the community organizer in chief that.

Obama (like all democrats) believes in punitive taxation.

That's the sort of meddling that gets things all fucked up.

 

[SAYIT]

Because I want to lower yours and mines taxes to 2% instead of 5 or 10, you have come to the conclusion I hate my country?

Hell, your kind is the ones that want to bankrupt us with a tax base that is so far below what we need, we would go bankrupt. I was just agreeing with you.

Who needs a stinking tax base to run a country. Somalia don't.

You weren't agreeing. You were trying to say that if we lower taxes we'll be yemen.

Zeke thinks "Yemen" are members of a secret society, like the Water Buffaloes or something.

WTF? I thought "yemen" are guys who always agree with da boss.

 

[The Rabbi]

You weren't agreeing. You were trying to say that if we lower taxes we'll be yemen.

Zeke thinks "Yemen" are members of a secret society, like the Water Buffaloes or something.

WTF? I thought "yemen" are guys who always agree with da boss.

If they are, they're keeping Zeke on welfare and SSI.

 

[TemplarKormac]

What's wrong with letting everyone keep more of their own money?

Lower the income tax to a flat 10% for all income
Lower the corporate tax to the same percentage.

I don't think that drastically lowering the taxes on the minority rich while drastically increasing the taxes on the majority poor is a fair sensible course of action.

And might I ask how we are raising taxes on the 'majority' poor? It looks like to me that taxes are only going up on the 'minority rich.'

 

[TemplarKormac]

I'm thinking purely about moving our economy forward with health, sustainability and gusto. The poor and the middle class do most of the consumer spending in this country, so having more disposable income means more capital flowing from hand to hand. That, after all, is the definition of economic growth.

As for corporations sequestering their profits from our economic system, I think that as those corporations benefit from the security of the United States, the transportation system of the United States and the workers of the United States, those corporations should kick in to help maintain all of the above. Allowing them to profit without paying for the privilege only removes capital from our system, thus slowing it and shrinking our economy.

Once again we agree, but the societal leeches must unass the couches and become productive members of society. While the largest sector of the population that is of working age and is capable of working is refusing to participate in the work force. Now get them off their ass's and put them to work. By EARNING WAGES you have much more disposable income, than by leeching off of others, individuals or corporations / business's.

These corporations get the same or better benefits from other countries....

Japan Attracting Business with Corporate Tax Reforms
June 04, 2014
By
William McBride

The Wall Street Journal reports that Japan will likely reduce its corporate tax rate starting next year, possibly in stages down to around 25 or 30 percent. This would make Japan more competitive with its nearest neighbors, particularly China which has a 25 percent corporate tax rate. Currently, Japan has the second highest corporate tax rate in the developed world at about 35 percent, while the U.S. has the highest corporate tax rate at 39.1 percent (including national and subnational taxes). If Japan cuts their corporate tax rate the next highest corporate tax rates in the developed world would be in France and Belgium, both at 34 percent.

Japan appears likely to raise its consumption tax next year from 8 percent to 10 percent, partly to offset any lost corporate tax revenue. The Journal has an interesting graphic indicating that Japan’s consumption tax already raises more revenue than its corporate tax, and with a rate that is less than one-quarter the corporate tax rate.

These reforms follow corporate rate cuts in each of the last two years that reduced Japan’s corporate rate from the highest in the developed world, at 39.5 percent, to now the second highest behind the U.S. Further, in 2009 Japan switched from taxing multinational corporations on a worldwide basis, as the U.S. does, to taxing them on a territorial basis, i.e. exempting profits earned outside Japan. The territorial approach is now the international norm, and is yet another area where the U.S. lags behind the competition.

Unlike the U.S., Japan is making solid commitments to reform its corporate tax system so as to be competitive as a place to invest and headquarter a company. Although it’s in the early stages, there are some signs that the reforms are working. For instance, another headline in today’s Journal is “Dai-ichi to Buy Protective Life for $5.7 Billion.” Dai-ichi is a Japanese life insurance company and Protective Life is a U.S. life insurance company based in Birmingham, AL. Starting in January, Protective Life will be a wholly owned subsidiary of Dai-ichi, and the new company will pay tax under Japan’s more competitive tax rules. Particularly, due to Japan’s territorial tax system, any foreign profits of Protective Life will now be largely exempt from either U.S. tax or Japan tax. Those profits will be taxed only where they are earned. That is the way most countries outside the U.S. treat multinational corporations.

Another sign came last year, when Suntory Holdings of Japan announced it was buying Beam, Inc., maker of Jim Beam, Makers Mark, Laphroaig Scotch and other liquors with worldwide appeal. Also last year, Sprint was purchased by Tokyo-based Softbank, and now that company is trying to take over T-Mobile.

More than a dozen companies have left the U.S. in recent years, mainly for low-tax countries such as the U.K. and Ireland. Many others, such as Pfizer, are quite publicly contemplating it. The best way to keep these companies, and to encourage others to move here, start here and grow here, is to reform the corporate tax by lowering the rate and switching to territorial taxation.

Japan Attracting Business with Corporate Tax Reforms | Tax Foundation

Wake the **** up and use some common sense.....

First, let's define what you call 'societal leeches'. Next, consider the job market. If folks who have here to fore made a comfortable living, yet their place of employment has closed down and moved to Asia or Latin America, there will be a real hardship securing work. If the factory in town closes, the property values plummet, the job market dries up and there is precious little chance of selling your home and moving to where the jobs are. No one is buying a house in a town that is dying from lack of work. These are real life situations, not some musings from a pundit employing bumper sticker thinking that is simple yet ingenuous.

First, let's define what you call 'societal leeches'.

Those who refuse to work despite being given the opportunity to. Those who would rather be paid a mediocre income sitting at home rather than earning an exemplary one on the job.

Next, consider the job market. If folks who have here to fore made a comfortable living, yet their place of employment has closed down and moved to Asia or Latin America, there will be a real hardship securing work.

The hardship is created when the host country creates an environment hostile to new business, thus killing jobs and getting people laid off. The solution here is so simple, get rid of the excess burdens government places on the machinations of businesses. Stop finding ways to smother them into oblivion.

If the factory in town closes, the property values plummet, the job market dries up and there is precious little chance of selling your home and moving to where the jobs are.

True. But many factors could contribute to closing that factory. Unionization for example, bankrupted the City of Detroit. Lots of liberal policies are known to hurt business.

These are real life situations, not some musings from a pundit employing bumper sticker thinking that is simple yet ingenuous.]

Yes they are. And yes the solutions are quite simple. It's as easy as not making a mountain out of a molehill.

 

[blackhawk]

Its a combination of both there is not a single thing that drives the economy.

 

[Nosmo King]

What's wrong with letting everyone keep more of their own money?

Lower the income tax to a flat 10% for all income
Lower the corporate tax to the same percentage.

I don't think that drastically lowering the taxes on the minority rich while drastically increasing the taxes on the majority poor is a fair sensible course of action.

And might I ask how we are raising taxes on the 'majority' poor? It looks like to me that taxes are only going up on the 'minority rich.'

A 10% flat tax without exemptions means the poor are paying taxes and that takes more from heir income than the current tax code.

Meanwhile, back at Marblehead, champagne corks are dimpling the frescos on the ceiling as their tax rate was suddenly reduced from a top rate of 34% to 10%! Pity the minority rich. Drop off some canned gods for the minority poor.

 

[Rikurzhen]

A 10% flat tax without exemptions means the poor are paying taxes and that takes more from heir income than the current tax code.

Which is a good thing, isn't it? Right now the poor have no incentive to vote to lower taxes because their votes to increase taxes don't touch them at all. The scheme divorces voting from responsible citizenship.

Voting for other people's taxes to be raised so that you can derive a benefit is a form of moral dysfunction.

 

[Two Thumbs]

What drives our economy? Consumer spending or business investment? Supply and demand

If you think consumer spending drives the economy, what would be wrong about putting more disposable income into the hands of the middle class and the poor? that would mean cutting taxes, something liberals are against, so I don't understand why you openly support something we have been getting called racist for wanting.

You do know obama has raised taxes on the 99% right?

If it's business investment, what would be wrong about making adjustments to the tax code that would discourage outsourcing and off shore tax shelters? No, that's just more tyranny. Shouldn't American business investment be made in, I don't know, maybe America? No, Americans should be free to do whatever they want with their company.

Thanks for getting back in line, for a moment there I thought you were thinking for yourself and supporting America and freedom.