You poor and middle class fans of Reagan didn't realize that he is the reason the middle class is struggling today. Him and that party he belongs to.
They've been cutting down on the New Deal for decades. They've been driving our highest paid jobs overseas for decades. They even sold you on the idea. They demonized the unions. Sure the unions are corrupt but so are the corporations they work for. But you sided with the corporations not the workers.
Here is how stupid you American's are. Instead of looking at how good union workers had it and saying, "hey I want that too", instead you saw how good they had it and said "if I don't have it that good, neither should they"
So guess the **** what? None of you have it that good anymore.
I told people for years I would probably do better in an every man for himself society. Well turns out I was right. I make around $90K and everyone else in my office makes between $40K and $80K. And very few make $80K. So my office is the perfect example of America. Very few blacks get hired here. The guys making the least couldn't possibly raise a family on their wages, or save what they need to be saving for retirement. No pensions are coming. The people who make more than $50K have kids and a spouse working and still they are barely making ends meet.
And then you went and gave the corporations tax breaks so they don't pay taxes anymore. This is going to shift the tax burden more onto us. So just like Reagan, some of you love Trump, because you don't know the harm his policies are going to cause down the road. Instead you are putting all your hopes into the idea that hes' going to lower immigration until wages come back up. Up to what? Even though wages are up, most of you are still struggling. And with cuts to social security that are sure to come, you're going to be doing even worse in the future.
Congrats you American idiots. You got conned by Bush and now Trump. You don't like Hillary? Good! Die ******* broke.
/——/ Hey shyt for brains. Cutting corporate taxes results in lower consumer prices. When you raise corporate taxes, it’s treated as overhead and passed on to the consumer in the form of higher prices. It’s a cascade effect since it affects every company that touches the product from manufacture to delivery. And corporate taxes were not eliminated just lowered to be competitive to other countries. You dummy. BTW no one was forced to quit the unions. People quit whenever they get the opportunity. Numbnuts
Show me that corporations lowered their prices after Trump's tax cuts. If you can't then stfu. Corporations will charge whatever the market will bare.
Instead corporations took those tax breaks and gave them to the CEO, VP's and shareholders. Consumers still pay the same, shyt for brains.
/——-/ I don’t have to show you shyt. Taxes are part of a corporation‘s over head and just like the light and water bill, it’s built into the cost to consumers. They are free to spend the savings anyway they want and no two corporations are the same.
So I'm right. Thanks. Because if a corporation tries to raise prices to compensate, the market won't buy it. So they may have to lower their price to stay in business.
And that might not mean as big of a bonus for the CEO.
So, lower taxes only means higher bonus' for CEO's.
Now tariff's are a different story.
And for the record, I don't care if corporate taxes do raise prices. Corporations need to pay their fair share.
Nobles Need Not Pay Taxes
This is more than just a tax cut story. It's about a fundamental shift in power and wealth from average people and the governments they had formed to represent them, to the capture of those governments and economic enslavement of their people by corporate aristocracies.
Twice as many companies paying zero taxes under Trump tax plan
The Tax Cuts and Jobs Act lowered the corporate tax rate from 35 percent to 21 percent. In its first year, the number of companies paying no taxes went from 30 to 60.
Did these companies lower prices when they got the tax break? Nope. Hell they didn't even hire more/new workers because of it. They just pocketed the money.
Or, as Glenn Simpson noted in the Wall Street Journal, "General Electric Co., for example, reported paying an effective tax rate of 19% last year on world-wide income, compared with 26% in 2003."
Corporations are taxed because they use public services, and are therefore expected to help pay for them - the same as citizens.
Corporations make use of a work force educated in public schools paid for with tax dollars. They use roads and highways paid for with tax dollars. They use water, sewer, and power and communications rights-of-way paid for with taxes. They demand the same protection from fire and police departments as everybody else, and enjoy the benefits of national sovereignty and the stability provided by the military and institutions like NATO and the United Nations, the same as all residents of democratic nations.
In fact, corporations are heavier users of taxpayer-provided services and institutions than are average citizens. Taxes pay for our court systems, which are most heavily used by corporations to enforce contracts. Taxes pay for our Treasury Department and other governmental institutions which maintain a stable currency essential to corporate activity. Taxes pay for our regulation of corporate activity, from assuring safety in the workplace to a pure food and drug supply to limiting toxic emissions.
Under George W. Bush, the burden of cleaning up toxic wastes produced by corporate activity has largely shifted from polluter-funded Superfund and other programs to taxpayer-funded cleanups (as he did in Texas as governor there before becoming President).
Every year, millions of cases of cancer, emphysema, neurological disorders, and other conditions caused by corporate pollution are paid for in whole or in part by government funded programs from
Medicare to
Medicaid to government subsidies of hospitals, universities, and research institutions funded by tax dollars through the NIH and NIMH.
Because it's well understood that corporations use our tax-funded institutions at least as heavily as do citizens, they've traditionally been taxed at similar rates. For example, the top corporate tax rate in the US was 48% during the Carter administration, down from the a peak of 53% during the Eisenhower and Kennedy years.
Today it stands at 35%, but in May of 2001 Bush administration Treasury Secretary Paul O'Neill suggested there should be no corporate income tax whatsoever. This was the opening salvo in a very real war to have working people bear all the costs of the commons and governance, while the wealthy corporate elite derive most of its benefits.
And, as George H.W. Bush pointed out when he was president, this isn't just an American phenomenon. It's a New World Order.