halogamer1989 said:
Final-Fan said:
Now that you're back, could you please address some of the rebuttals that were made to your previous assertion in this thread?
Final-Fan said:
halogamer1989 said:
When u tax capital gains, corps pass increase prices on to the consumer. It is economics 101. In summation, you are hurting the long term growth of free markets by voting BO. |
Why are capital gains relevant to corporations "passing increased prices on" to anyone? As I understand it, Capital gains are GAINS on INVESTMENTS like stocks. Considering the fact that the capital gains tax is already lower than the income tax in many cases and higher in no case (including all proposals I'm aware of), I don't see the problem. (Anyway, I'd think that in the current stock market situation people would be happy just to HAVE a gain in the first place.)
If companies are going to be assholes to their customers because they want to make MORE profit, that's not the fault of (reasonable) taxes on profits, that's the fault of companies being assholes. At least that's the way it seems to me. I'm sure you have paid much more attention to the capital gains issue than I have, so please explain why you believe my position is incorrect.
Why should the capital gains tax be lower than the income tax? (Let alone ZERO as your post seems to imply you would want!)
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Also, please try to choose your words carefully. I know this has been a bit of a challenge for you in the past. "I am not an enemy of Democracy-just one of those who try to subvert it by fraudulent practices" Read that twice and see if anything looks odd to you...
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I do not see anything odd--I am against Reps misguiding Dems as well.
Anyway, if you tax Chevron, ExxonMobil, etc. you will be forcing not only people who invest in those companies to lose money b/c of the way ppl will see costs increase even more at the pump to recoup windfall tax losses (as BO proposes) but you will hurt the green iniative even more b/c those companies will be forced to cut jobs and stall, let's say for example, a geothermal plant because of less money to build. It is supply and demand 101 and ppl cannot expect to live on handouts that the US borrows from the IMF and/or China b/c that strengthens their economy and they pollute more b/c of it (coal plants from China) and the deficit increase.
Any more ?s I would be happy to answer.
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You know, AK has windfall taxes on oil. Anyways, companies don't cut jobs when they are profitable, they continue to expand. Even with a windfall tax, they still make more money the more oil they sell. The way you say it is like "well, we made profit, but lets cut some jobs." Thats not how economics works. Jobs are cut when a company needs to cut costs. This is done for two major reasons:
1) The location needs to be shut down because it is losing money. Also, the company could be losing money so it needs to find a way to cut costs at any cost.
2) Certain jobs are not worth the price being paid because they can hire for less or the salaries are higer than the value of the work they are doing.
Now, with oil companies, they will not cut jobs unless they will make MORE profit doing so. Since they will be making profit even with the tax, no jobs will be lost. Now, expansion may be slower (since the reward of openeing a new plant may be lower than the financial risk they are taking doing so) but this is a good thing. We need to get off of oil.
Also, you said supply and demand: this is what will prevent the price being passed on to the consumer. You see what happened to demand when the price rose this summer, there was a major cutback in usage, which helped contribute to the fall of oil prices. If the oil companies try to pass it off, then usage will decrease and they will make less profit. You know this. People are not afraid of cutting down on usage. They have done it once, they would do it again.
On alternate ennergy, the reason we don't have it yet is because so many other markets made so much easy money. Oil companies have no incentive currently to have alternate fuel. They make insane profits off oil, why would they want to make a product that competes with their cash cow? If you give tax cuts for research into alternate sources then these companies may have more incentive to work on them. Since you are a republican, you believe that tax cuts can move the market. In this case, the windfall + tax incentives for alternate energy could move the market towords them. Also, throw in a tax break for all the profits they make off alternative energy. Its a win win!
On acorn and voter supression, these practices are statistically insignificant. Those voters are not going to vote that are obviously fake. The true problem is the amount of provisionals that will be used this cycle because of challenges when a voter name does not match completely (ie a wrong initial, spelling error, typographical errors). There needs to be a system to address this. I mean, in Georgia it was trying to tell people born in the US they are not citizens! Thankfully, the election laws that were broken when rolls were purged are coming down in the voters favor and the names have to be restored. Also, the republicans that are trying to keep honest voters from voting are being defeated in court as well.
Lastly, it is good for people to work for their goals in democracy. I doubt you are doing anything shady haleogamer, so it is good that you are working. Just do not let any of your higher ups try to convince you to challenge things that you know in your heart are just simple typos.
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