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The Return Of The Corporate State
Posted: Sun Feb 13, 2011 1:34 am
by Jccarlton
We are returning to the era of Fascism, the rise of the dinosaurs who trample over the little startups that we so desperately need:
http://www.forbes.com/2010/08/26/govern ... meyer.html
http://www.coyoteblog.com/coyote_blog/2 ... state.html
http://blogs.forbes.com/merrillmatthews ... our-lives/
http://online.wsj.com/article/SB1000142 ... all+Crafts
I'm endins this post with a post from Brad Delong on how the stimulus has been nothing more than an expensive failure:
http://delong.typepad.com/sdj/2011/02/d ... y-act.html
Of course if you only think about jobs and not about how work needs to be created you can live in the fantasy bubble that allows you to believe that just throwing money to your patrons can actually solve economic problems. You can also believe in unicorns and mermaids too.
Posted: Sun Feb 13, 2011 2:14 am
by MSimon
Of course if you only think about jobs and not about how work needs to be created you can live in the fantasy bubble that allows you to believe that just throwing money to your patrons can actually solve economic problems
It does solve the patron's economic problems.
Posted: Sun Feb 13, 2011 4:07 am
by UncleMatt
So tax cuts are a failure then? Tax cuts "don't work"
then? Since half of the stimulas was tax cuts an all...
Good to hear someone from the right FINALLY admit the truth: that tax cuts don't create good paying jobs with benefits anywhere in our country.
Posted: Sun Feb 13, 2011 4:12 am
by UncleMatt
Many companies pay ZERO tax
http://reclaimdemocracy.org/corporate_w ... lummet.php
Most firms pay no taxes
http://money.cnn.com/2008/08/12/news/ec ... ate_taxes/
Goldman Sachs tax rate drops to 1%
http://www.bloomberg.com/apps/news?pid= ... titialskip
Yea, those tax rates sure are a burden, and OBVIOUSLY kill all of the domestic job growth
(rolls eyes)
Posted: Sun Feb 13, 2011 4:31 am
by zapkitty
Bear with it... a fair number of them are just beginning to have fleeting glimpses of the fact that the philosophy scripted by the uber-wealthy and adopted by the right as "conservatism" has just about destroyed the country they claimed to be "fighting for".
The result is, naturally, unrelenting cognitive dissonance on a massive scale as they try to apply the solution of a 5-year old to the dilemma... "I didn't do that!"
Posted: Sun Feb 13, 2011 5:52 am
by MSimon
Uh. Matt and Z. Maybe the concept is unclear but I will try to explain it.
Companies don't pay taxes. You pay the taxes. It is included in the price.
Why not just cut out the middleman and tax the ultimate payer directly?
Well if you knew how much of the cost of the things you buy was taxes you would probably squawk. And if you had to pay it directly instead you would squawk a LOT louder.
Politicians being no dummies prefer the hidden taxes. Because the rubes think that they are not paying them.
I like your point though about lowering taxes not creating jobs. Maybe if the tax rate was 100% we would all have jobs.
Posted: Sun Feb 13, 2011 5:58 am
by MSimon
It is human nature: those who can buy favor will.
The answer is smaller government with less power. Of course neither of our current parties are interested in that.
http://powerandcontrol.blogspot.com/201 ... tives.html
Money quote:
Fiscal conservative, social conservative (when OUT of power, fiscal promises dominate; when IN power, social vendettas dominate and the majority of fiscal promises are scheduled for the indefinite future, aka, in your dreams)
Posted: Sun Feb 13, 2011 2:29 pm
by UncleMatt
The idea that companies don't/shouldn't pay taxes is simply an idea that is promoted by people who are greedy, and don't WANT them to pay taxes. Its part of their agenda, not an economic fact.
Here is a question for you simon: what entities in our economy do consumers/taxpayers have to pass their increases in costs to? You know, the way you talk about how companies are free to do that? Who does the American worker get to "increase prices" on to pass along their increases in costs of living? If the answer is "no one", then that answer should apply to ALL entities in the system, true or false? If not, why would consumers/taxpayers want to participate in an economic system that is stacked against them from the very beginning?
Consumers/taxpayers should not be the ONLY economic entity that all others economic entities get to use for a punching bag. Companies need to pay their taxes out of PROFIT, just like PEOPLE DO in their personal finances. My PERSONAL profit is just as much of a priority to our nation's economic well being as any profit margin of companies. If you disagree, you don't understand how a consumer driven economy works...
And do tell why consumers should indirectly pay the taxes for companies and corporations that uses roads, and all kinds of infrastructure in our country, that is paid for by TAXATION??? Why don't they need to pay for that themselves? Just like people do?
Posted: Sun Feb 13, 2011 4:17 pm
by Jccarlton
UncleMatt wrote:The idea that companies don't/shouldn't pay taxes is simply an idea that is promoted by people who are greedy, and don't WANT them to pay taxes. Its part of their agenda, not an economic fact.
Here is a question for you simon: what entities in our economy do consumers/taxpayers have to pass their increases in costs to? You know, the way you talk about how companies are free to do that? Who does the American worker get to "increase prices" on to pass along their increases in costs of living? If the answer is "no one", then that answer should apply to ALL entities in the system, true or false? If not, why would consumers/taxpayers want to participate in an economic system that is stacked against them from the very beginning?
Consumers/taxpayers should not be the ONLY economic entity that all others economic entities get to use for a punching bag. Companies need to pay their taxes out of PROFIT, just like PEOPLE DO in their personal finances. My PERSONAL profit is just as much of a priority to our nation's economic well being as any profit margin of companies. If you disagree, you don't understand how a consumer driven economy works...
And do tell why consumers should indirectly pay the taxes for companies and corporations that uses roads, and all kinds of infrastructure in our country, that is paid for by TAXATION??? Why don't they need to pay for that themselves? Just like people do?
I don't why people have such a problem getting their heads around the fact that corporations do not pay taxes. Taxes paid by a corporation become part of overhead, like labor, materials, inventory or administration that comes out of the bottom line and either raises the customers price for a good or service, or lowers profits which lowers return on investment and the value of a corporation to it's stockholders. that means that higher taxes means higher prices or lower asset value or more probably. both. As far as greed goes, is it better to want to provide better customer value by having lower prices or a better return on investment for investor, or having a group of people steal the money you work for and use it for their own enrichment and advancement?
Posted: Sun Feb 13, 2011 4:19 pm
by gregw
Companies don't pay taxes, never have, never will. Companies write the tax check, but where does the money come from to back those checks? Consumers and labor, if there were no corporate taxes, goods and services would cost less and wages would go up. Replace all taxes in their current form and replace with the Fairtax, everyone wins except power hungry Politicians.
Posted: Mon Feb 14, 2011 12:14 am
by Jccarlton
zapkitty wrote:Bear with it... a fair number of them are just beginning to have fleeting glimpses of the fact that the philosophy scripted by the uber-wealthy and adopted by the right as "conservatism" has just about destroyed the country they claimed to be "fighting for".
The result is, naturally, unrelenting cognitive dissonance on a massive scale as they try to apply the solution of a 5-year old to the dilemma... "I didn't do that!"
I have to ask, what Koolaid jar have you been drinking from? I need something really strange to take to work so we can get a good test for our Time Of Flight mass spectrometer that we are designing.
Posted: Mon Feb 14, 2011 12:37 pm
by UncleMatt
Jccarlton wrote:I have to ask, what Koolaid jar have you been drinking from?
Pot, meet kettle...
Posted: Mon Feb 14, 2011 12:39 pm
by UncleMatt
Can I get some answers to the points I made earlier? Or is it easier to just ignore points that are made, or asked about, so you can continue on with your propaganda?
Posted: Mon Feb 14, 2011 8:50 pm
by MSimon
The idea that companies don't/shouldn't pay taxes is simply an idea that is promoted by people who are greedy, and don't WANT them to pay taxes. Its part of their agenda, not an economic fact.
Either the taxes are included in the price or the company is out of business.
Companies don't pay taxes. Their customers pay the taxes. Seriously where do the companies get the money to pay the tax? From the big money fairy in the sky? They print it?
Now if you can explain to me where the money comes from and show that the company itself pays the tax I'd like to see it. The company is the tax collector. The customer pays the tax.
Posted: Mon Feb 14, 2011 8:56 pm
by MSimon
I do marvel at liberals because they have faith that defies reason. No amount of evidence, explanation, or reason will sway their faith. Jesus should have such devoted followers.
The amusing thing is that the liberal faith defies arithmetic. Even followers of Jesus will not go that far.