| bannedagain said: http://www.youtube.com/thomhartmann#p/u/3/zCEtMQ5wE78 Watch this smart guy You are truly mislead. The corporations have been making record profits with all the tax cuts. Where are the jobs then buddy. If the the trickle down effect works. We've gone over this countless times in other threads. But don't take my word for it, listen to the CEO of one of the largest Vegas hotel/casinos: http://www.businessinsider.com/wynn-ceo-steve-wynn-conference-call-transcript-obama-2011-7 Corporations left because of loop holes in the tax system. Corperations only care about more profit, not who starves on the bottom. You have one third of your statement correct. Furthermore, your statement is incoherent. If corporations only care about profits, why would they leave because of advantageous loopholes? But I digress, they didn't leave because of loopholes, they left because of profits. If its cheaper to make product X in China, then ship to the US, then it makes sense to move the factories to China. WHY THEN WHEN BILL CLINTON WAS IN OFFICE, WHEN THE RICH PAYED HIGHER TAXES DID THE COUNTRY DO SO WELL. WHEN CORPORATIONS PAYED THERE FAIR SHARE. Could you please spell better? Its beginning to bug me. Furthermore, the rich pay more as a percentage of income taxes than they have at any point in the past 100 years. Here's the chart:
Furthermore, you can look at tax policy in the 80's and 90's as a refutation of your argument, not an affirmation. Corporate and personal tax rates took a nose dive under Reagan in the 1980's which drove a lot of growth. For a time, America had one of the lowest corporate tax rates in the OECD. However, since then, our corporate tax rate has stayed stagnant while the rest of the OECD has dropped considerably. That entices any and all businesses that can, to move their business to other countries. Comparatively, its the same reason that intra-state jobs are moving to Texas. Its much cheaper to do business in Texas, so approximately 50% of jobs lost in the past decade have moved to Texas and not overseas. YOU WANT TO KNOW WHAT HAPPENED. BUSH TAX CUTS, 2 WARS, CORPERATE DEREGULATION. THE VERY RICH DO BETTER WHEN THE ECCONOMY IS IN THE DUMPS. LIKE THE KOCH BROTHERS. Again, sloganeering with no factual data. Many of the problems we see today have taken decades to create. The economy doesn't tank just because of a 4 or 5 year timespan (although it does add to it and Bush shares much blame). Furthermore, data shows you are very wrong about the rich doing better when down in the dumps: the very rich took significant hits during the dot-com bust in 2000 and the 2008 recession. What do the Koch brothers have to do with this argument? I could say the same thing about leftist billionaires like Soros. First of all the country has the money to pay paul. it's called tax fairness, you ever her of it or you where born into wealth and never had to work hard for anything. Actually, I was born into poverty. I've lived in povety most of my entire life. I know what its like to go without. Alternatively, I've also done well for myself. I have no problem with tax fairness - and what we have right now is not fair. I am all for ending loopholes that the rich can take advantage of. I've said this many times in the politics and pre-board general discussion forum. America needs a no-nonsense flat tax that is unavoidable with no deductions, and no credits. I RUN MY OWN BUSINESS. SO THERE GOES YOUR LOGIC. Name? Number of employees? Annual revenue? Website link? COMPANIES DO NOT CARE ABOUT YOU AND YOUR WORTH WHEN YOU ARE WITH A CORPORATION LIKE WAL-MART. MY SISTER HAS BEEN THERE FOR 10 YEARS. YOU KNOW HOW MUCH SHE MAKES JUST OVER 10 DOLLARS A HOURS. BECAUSE THEY FIND WAYS TO F YOU. Companies can care about you. If they do not care about you, then worker morale drops and they are less productive. If they are truly unsatisifed, they will leave your company and you run the risk of finding unsuitable replacements. Some companies do not care - I have worked for very bad businesses in my lifetime. However, vilifying all businesses as being the soul repository of America's problems, along with Republicans shows that you do not know as much as you'd like to believe about the subject. |
Back from the dead, I'm afraid.
