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- Conservative
Wasn’t speculation, just saying what I would do. As I said, the first thing I would do would be increase the tax on the top 1%,boost taxes on the Largest CORPS, not small corps and maybe hang a tax on stock transactions;this depends on the success of the first two taxes.:2wave:
If I determined that the multinationals were moving off shore to avoid the Corp tax I would put a tariff/lug, whatever on what they sold in this country.If that isn’t clear enough for you…
Yep, and the end result, if we played out your ever more, and more tax, on ever more, and more facets of this country, is that we have no corp's left, and no economy due to the fact that your penalties have made goods unaffordable.
Good show.
j-mac
So...whats your plan?
My plan? My plan is to elect someone other than the ruinous progressives we have in office now. My plan is to be active in calling and writing my reps to make sure that they hear my voice. My plan is to do what ever I can to hold my government accountable.
j-mac
Its cool that you want your voice heard by "calling and writing my reps "but it would be kinda nice if you gave us a sneak prevue of what you would tell your reps that you wanted them to do.
for instance what would you say to your rep about taxing the top % income earners of our great country?
what would you say to your rep concerning corp taxes? that according to the GAO two out of three corporations in the United States paid no federal income taxes from 1998 through 2005.
You didn't ask that.
I'd say that flattening rates, and broadening the base so that the 47% that pay nothing right now get in the game before we punish success.
I'd say that real tax reform, that abolishes the IRS, and makes taxes reasonable, fair, and easy to understand is the prime objective.
I would say that Corporations don't pay taxes now, it is a business expense that is built in to the cost of their product, and passed all the way down the chain to me, so do away with them and allow them to repatriate the money off shore now.
j-mac
Aha,now were getting to the meat. When you say, “47% that pay nothing “then you would be OK with a Flat tax on % of ALL income then?
As for as corp tax, what % of GDP would you consider a fair corp tax-rate? Now(2010 ) its at 1.3% of GDP
Wasn’t speculation, just saying what I would do. As I said, the first thing I would do would be increase the tax on the top 1%,boost taxes on the Largest CORPS, not small corps and maybe hang a tax on stock transactions;this depends on the success of the first two taxes.:2wave:
If I determined that the multinationals were moving off shore to avoid the Corp tax I would put a tariff/lug, whatever on what they sold in this country.If that isn’t clear enough for you…
This one is easy. Printing presses.
Yep, and the end result, if we played out your ever more, and more tax, on ever more, and more facets of this country, is that we have no corp's left, and no economy due to the fact that your penalties have made goods unaffordable.
Good show.
j-mac
And the first thing I would do with responsibility to investors is move off shore and overseas. When you invest your own money and then have someone dictate to you how much you are going to make, not take any of the risk, and have nothing invested in your business, then you will understand how foolish your proposal is.
How much money are you going to get by raising taxes on the top 1% and will that change their behavior?
I wonder what Adam Smith, the father of modern capitalism would say....
"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
With two wars winding down shouldn't be to hard to find some cuts.
Edited to add. Might want to close a couple of bases in Europe that were put there to counter the Soviets during the cold war.Thatta save a ton of dough.
Adam Smith wouldn't support any policies where the top 1% pay 38% of the Federal Income taxes and 47% of income earners pay nothing.
Exactly right, and guess what that does to the value of the dollar?
j-mac;
Sure, including ALL. No more protected class including welfare.
0...It's passed to the consumer anyway.
j-mac
And the first thing I would do with responsibility to investors is move off shore and overseas. When you invest your own money and then have someone dictate to you how much you are going to make, not take any of the risk, and have nothing invested in your business, then you will understand how foolish your proposal is.
How much money are you going to get by raising taxes on the top 1% and will that change their behavior?
Progressive taxation. :thumbs:I wonder what Adam Smith, the father of modern capitalism would say....
"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
MOVE OFFSHORE!:shock: What kinda businessman would take the hit that I would hit them with when they attempted to sell their products in the largest economy in the world? The stockholders would be marching on meetings (offshore of course) with pitchforks.
The expense of government to the individuals of a great nation, is like the expense of management to the joint tenants of a great estate, who are all obliged to contribute in proportion to their respective interests in the estate. In the observation or neglect of this maxim, consists what is called the equality or inequality of taxation.
Adam smith - Wealth of Nations 1776
Does that include Reagan tripling the debt and W doubling it?The kind of business person who has their own money invested in a business and is being forced to redistribute it to someone else. My responsibility is to take care of my family and my shareholders not you or someone else who many not have a clue. You seem to believe that I am in business to support you. That entitlement mentality has created the 15 trillion dollar debt we have.
What was the size of Govt. during Adam Smith's era? Justify a 3.7 trillion dollar govt before making foolish statemetns.
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