SO you are calling Walmart workers LIARS?
Now you are claiming you can't spend more? You are lying about your income then. Progressive taxes tax income not spent at a higher rate. You really need some new furniture, appliances, and home improvements I'm sure. Now is the time...
Trumps tax cuts helped the middle class, and corporations are not evil.
"Vice President Joe Biden’s campaign website says, “Tax experts estimate that over the long run, 83% of Trump’s tax giveaway will flow to the top 1% of earners in this country.” That’s not quite fair to the president, though. While the Tax Cuts and Jobs Act of 2017 was far from perfect, it did cut taxes on the middle class and fueled the economic growth that brought unemployment rates to half-century lows before the pandemic." the fact is the tax cuts have created unprecedented prosperity for the middle class in the form of higher wages, more take-home pay, more jobs and new employee benefits."
The Trump Tax Cut Wasn’t Just for the Rich
It was far from perfect, but it did boost middle-class incomes.www.bloomberg.com
Trump tax cuts and the middle class: Here are the facts
While the rhetoric of the left has sought to portray the Republican tax cuts as a negative for the middle class, nothing could be further from the truth.finance.yahoo.com
It does seem to go in one ear and out the other. I don't know what is so hard to understand, if one owns a company, that high taxes and draconian regulations will drive them to greener pastures.
I didn't answer it because a corporate CEO's income taxes and corporate tax rates are 2 different things. The CEO's income taxes is a straw man argument. Corporations are taxed on net income after expenses. As a matter of fact, the CEO's salary is part of overhead and expenses of the corporation as a whole.
And why wouldn't an increase that "expense" still cause prices to rise too again? Why? Because prices are set by the market not by tax rates. If a company thought they could raise prices to tomorrow and increase their profits they would do it without any excuses needed. Isn't that correct? Prices of many staples are going up right now and it is because the price of some commodities used in their production are in temporary short supply and prices are sky high. They know that higher prices are likely to reduce sales but they have to make something or they go into the red. Those are the things that increase prices. Like when profitability is threatened. Lower profits actually decrease any corporate tax since they are paid on profits exclusively.
You can't be serious
No, pretty serious:
blogs.cfainstitute.org
“In 2013, economists Alan Blinder and Mark Watson — no wild-eyed liberals, they — asked a very important question: Why has the U.S. economy consistently performed better under Democratic than Republican presidents, “almost regardless of how one measures performance”?
Give me a link to the poll and I'll tell you if it's bogus.
It is interesting that this forum allows two people to have the same name“In 2013, economists Alan Blinder and Mark Watson — no wild-eyed liberals, they — asked a very important question: Why has the U.S. economy consistently performed better under Democratic than Republican presidents, “almost regardless of how one measures performance”?
Start with their “performed better” assertion: it’s uncontestable. While you can easily cherry-pick brief periods and economic measures that show superior economic performance under Republicans, over any lengthy comparison period (say, 25 years or more), by pretty much any economic measure, Democrats have outperformed Republicans for a century. Even Tyler Cowen, director of the Koch-brothers-funded libertarian/conservative Mercatus Center, stipulates to that fact without demur....
The difference is big. At those rates, over thirty years your $50,000 income compounds up to $105,000 under Republicans, $182,000 under Democrats — 73% higher. (And this is all before considering distribution — whether the growing prosperity is widely enjoyed, or narrowly concentrated.)
Hundreds of similar pictures are easily assembled — different time periods, different measures, aggregate and per-capita, inflation-adjusted or not — all telling the same general story. No amount of hand-waving, smoke-blowing, and definition-quibbling will alter that reality. (If you feel you must try to debunk Blinder, Watson, and Cowen: be aware that you almost certainly don’t have an original argument. Read the paper, and follow the footnotes. You’ll also find more.”
Economists Agree: Democratic Presidents are Better at Making Us Rich. Eight Reasons Why. - Evonomics
Wisdom of the Crowds. Preventing Government Capture. Labor Market Flexibility. Freedom to Innovate. Profitable Investments in Long-Term Growth. Power to the Producers. Fiscal Prudence. Labor and Trade Efficiencies.evonomics.com
No need. We already know anything you don’t already agree with us by definition bogus. But talk of secret birth certificates, stolen elections, and Jewish space lasers, and all of a sudden the hard-nosed, sophisticated skeptic in you is somehow nowhere to be found. Strange how that works.
You are correct that the market sets prices, but arbitrary price increases is bad policy, as businesses compete for customers. Draconian tax hikes and regulations cut profits in ALL businesses. That is passed on to the consumers. As I pointed out also, regulations to appease left wing lobbyists will drive businesses overseas as much as tax hikes, if not more so. I've heard CEO's say if they had to pick an evil between the 2, they'd rather deal with the tax hikes. All this wasn't in question pre-pandemic. Unemployment was at an all time low, the border was secure and there was peace breaking out in the ME. In 100 days, Biden saw fit to undo all those things. If corporate taxes didn't affect global competition, why does the Biden administration want there to be a "universal corporate tax rate"? China and Mexico will eat us alive at this rate.
