thismeintiel said:
And you, like many, have fallen for this class warfare. Were do you think the wealthy get their money? The vast majority of them own businesses that provide products and services to others. They make their money when people purchase these products/services. And there is always someone else who can also provide the same products/services, so their are choices of where to buy. They don't con the money away from you, regardless of what some may think. The only way a company gets any of your money without providing you anything is when the government hands it out to them. Which Obama has done in the past (and wants to do now) and it accomplished nothing. The reason higher income taxes for these owners hurts business is because it's not just an income tax they are charged. These businesses are taxed for just about every step they take to make their products. Then they have to spend tens or hundreds of thousands, sometimes millions, to adhear to overbearing regulations. The whole thing just creates a bad environment for a business owner to try and make a good enough profit to actually reinvest in the company and hire new employees and expand. It's the reason Ford decided to build a $1 billion plant, which is to create 5000 new jobs, in India, instead of in the US. I also have to laugh at these billionaires suggesting we tax the wealthy more (according to Obama that's a household income of $250,000 and above), when they know full well that they have well paid tax lawyers who's main job it is to find all the loopholes so they can pay less than others. They also know damn well that if they wish to give the government 90% of their own income they can do so. Of course, they never would. But they'll continue to harp about "millionaires" not paying enough in taxes, while taking advantage of the system. Of course, this whole thing is just a ruse to distract those with lower incomes to the true problem, the government continues to spend WAY more than it is bringing in. And no amount of new taxes will ever solve that. |
Class warfare is NOT about discussing tax rates, or discussing how different parts of the socio-economic strata are doing, in relation to the rest of the economy. It isn't about discussing social mobility either. It isn't about these words. No matter what side says it, it isn't that.
What class warfare is, is when one class actively harms another class. It can consist on the use of structuring the laws to harm individuals of another class, engaging in rioting, and anything that results in bloodshed. When there is actual warfare with violence, or real harm, then you have class warfare. Anything else short of that is just spin to shut up debate and end all discussion and have it one way or another.
And want to really know why you said a Ford plant in India (not Mexico)? It is becaue wages are lowest. Has little of anything to do with tax code, but the fact costs are least. One can then say, "Well, cut regulations and taxes and jobs will flock". Well, not if the standard of living costs are lower. Business relocates there, along with other factors like stability and so on. If it were just a matter of taxes and regulation, businesses would build factories on oceans platforms. There is no tax and little regulation out at sea. It is just there is a lot of other factors also.
As for the global slowdown, and why business is suffering, it has a fairly large amount of reason with high personal debt being carried. People are not able to sanely borrow more and have rolled back spending. They aren't spending. End result is not enough consumers for products. Talk of depression playes a big part in all this. What has happened, as a trend historically since Reagan, is that taxes and regulation have been cut. Tax cuts weren't paid for with spending cuts either, because congress gets elected based on their spending per district. It wasn't paid for at all.
