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Old 06-15-2011, 02:16 PM   #11
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Default Re: American Wealth Redistribution

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Originally Posted by PatsFanInVa View Post
I think you said this backwards, unless I'm missing a nuance, right?

(i.e., it isn't from the rich to the poor)

I'm not doing the "gotcha" thing, just making sure I am reading what you mean.

PFnV
oh, yeah...what you said...
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Old 06-15-2011, 02:25 PM   #12
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Default Re: American Wealth Redistribution

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Originally Posted by patsfan13 View Post
When you look at government policy it doesn't help attract jobs at all. Very high Corp tax rates + a lot of employee overhead (benefits + payroll taxes) make the US a bad place for businesses that can locate in different areas.
Do you really believe that cutting taxes for Corporations will create jobs in the USA? All tax cuts will do is improve the bottom line and shareholder value for Corporations.

Did you miss the news a few months ago where a lot of Corporations don't pay any taxes?
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Old 06-15-2011, 03:19 PM   #13
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Do you really believe that cutting taxes for Corporations will create jobs in the USA? All tax cuts will do is improve the bottom line and shareholder value for Corporations.

Did you miss the news a few months ago where a lot of Corporations don't pay any taxes?

Cutting taxes and Burdensome regulations also.

Take this situation with the Boeing Plant, the government is telling Boeing where they can and can't build planes in the US (they want them build in non right to work states). They may prevent Boeing from Building and hiring 1,000 people in SC.

Now a CEO seeing this type of bullying by the Feds, when they are making a decision where to make a product may find it much easier to go overseas where they don't have to engage in legal battles with the Federal government and delay getting their product to market.

I would think this would be obvious?
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
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Old 06-15-2011, 03:34 PM   #14
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Cutting taxes and Burdensome regulations also.

Take this situation with the Boeing Plant, the government is telling Boeing where they can and can't build planes in the US (they want them build in non right to work states). They may prevent Boeing from Building and hiring 1,000 people in SC.

Now a CEO seeing this type of bullying by the Feds, when they are making a decision where to make a product may find it much easier to go overseas where they don't have to engage in legal battles with the Federal government and delay getting their product to market.

I would think this would be obvious?
Cutting taxes and "burdensome" regulations won't create any jobs. What are these burdensome regulations you speak of? Do you want to go back to the days where factory's can spew chemicals into the air and rivers/oceans?

That would be awesome
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Old 06-15-2011, 03:35 PM   #15
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Default Re: American Wealth Redistribution

BTW see this article about the new financial regulations:

BLANKLEY: Brother, can you spare a regulation? - Washington Times

Qyestion from CEO of JP Morgan to Geithner:
Quote:
Question: “Now we’re told there are going to be even higher capital requirements, and we know there are 300 [financial regulatory] rules coming. Has anyone bothered to study the cumulative effect of these things? And do you have a fear - like I do - that when we look back and look at them all, that they will be the reason that it took so long for our banks, our credit, our businesses, and most importantly, our job creation, to start going again? Is this holding us back at this point?”

Answer: “Nobody has looked at it in all detail, but we certainly are trying as in each part to develop a system that is coherent and that is consistent with banks performing their vital social function in terms of extending credit.”
So the people putting riles in place have no idea as to the cost of compliance...... Would you buy a car or make any investment if you don't know how much it will COST?????????

This sort of incident shows how out of touch the government is.
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
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Old 06-15-2011, 03:37 PM   #16
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Cutting taxes and "burdensome" regulations won't create any jobs. What are these burdensome regulations you speak of? Do you want to go back to the days where factory's can spew chemicals into the air and rivers/oceans?

That would be awesome

No one is talking about allowing businesses to pollute the way they do in China, if you don't believe that government actions don't have consequences fine as the US bleeds jobs and unemployment is ~15% and we are told the economy isn't in recession and inflation is not high.
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
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Old 06-15-2011, 03:39 PM   #17
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So you complain about federal spending, you complain about the deficit and debt, you complain about a stagnant economy, and your prescription is to cut taxes and deregulate.

Does that seem coherent to you, at all?
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Old 06-15-2011, 03:43 PM   #18
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Originally Posted by Gainzo View Post
Do you really believe that cutting taxes for Corporations will create jobs in the USA? All tax cuts will do is improve the bottom line and shareholder value for Corporations.

Did you miss the news a few months ago where a lot of Corporations don't pay any taxes?
All corporations pay taxes. They pay matching payroll taxes, real estate taxes, excise taxes, property taxes, etc. What they don't all pay is corporate taxes on "profit", as "profit" has become something most are good at hiding (or protecting depending on your POV).

I personally would eliminate some of the deductions or breaks given, and reduce the corporate tax rate to 20%, or something that would have reporting profit more common. We really need to make it attractive to stay in the country and do business.
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Old 06-15-2011, 03:57 PM   #19
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All corporations pay taxes. They pay matching payroll taxes, real estate taxes, excise taxes, property taxes, etc. What they don't all pay is corporate taxes on "profit", as "profit" has become something most are good at hiding (or protecting depending on your POV).

I personally would eliminate some of the deductions or breaks given, and reduce the corporate tax rate to 20%, or something that would have reporting profit more common. We really need to make it attractive to stay in the country and do business.
I think you and I are on the same page when it comes to this issue as their are way to many ways for Corporations to hide their incomes.

It doesn't help that States try and lure Corporations from other States with tax breaks, free land, etc.

It seems all 50 States are fighting each other to give a Corporation the best deal ever. Hey, lets take 5,000 jobs from Massachusetts and give 3,000 jobs to New Hampshire. New Hampshire claims a win while 2,000 people say WTF?
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Old 06-15-2011, 04:02 PM   #20
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So you complain about federal spending, you complain about the deficit and debt, you complain about a stagnant economy, and your prescription is to cut taxes and deregulate.

Does that seem coherent to you, at all?





Regulate when necessary and regulate intelligently,

Reducing the size and intrusiveness of government will lead to more growth, jobs and wealth. That is the way it works. Government is overhead, and by it's nature inefficient. It should me the minimum required not consuming >40% of GDP
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