SpokenTruth said:
1. Our military is already strong enough for protection. Way more so than needed. And how does it generate money? Taxes spent is not new money nor is the military a revenue generating entity. Further, a lot of our military spending goes to foreign nations. 2. Illegal immigrants generate a net positive on the economy. The Center for Immigration Studies suggests the wall could reduce tax burden by $12 - $15 billion but we would lose the economic benefit and other taxes they generate thereby creating a net loss. They pay $12 billion per year according to the Social Security Administration and a further $11.6 billion in sales tax, property tax, etc... Oh, any get ready for prices to increase because illigeal immigrants make up 40% of all Brickmasons, blockmasons, and stonemasons, 37% of all Drywall installers, ceiling tile installers and tapers, 31% of all roofers, 30% of agricultural workers, 27% of construction laborers....and more according to the Pew Research Center. 3. Given we just agreed that corporations do not pay the actual 35% rate, it's irreelvant where they move their HQ to. Further moving money offshore to a tax haven like the Cayman Islands with a 0% rate is just as damaging to us as moving their HQ to elsewhere. Canada has a 31% rate, Belgium has a 34% tax rate, Ireland is 12.5%, Switzerland is 18%, Panama is 25%, UK is 19%. I mention them because they are the most common places they move to. Canada and Belgium probably cost more to move to than the tax they save but the real issue is that we seem to care far more about competive rax rates than fixing loop holes. And yes, I'm familiar with the Laffer Curve...are you familiar with it being discredited? Presuming taxes and revenue curve equally only looks good in graphics. |
Sounds like we will have some trades open up to citizens.