General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI have yet to hear a good logical reason how,,,,
cutting Corp tax is going to increase GNP,,,,,,,,, What am I missing? Greater CEO pay is all I see coming out of it. Anybody?
JHan
(10,173 posts)I've often said I agreed with obama reducing it to 28 but the reduction in tax does not mean companies will hire more people. Companies are more likely to increase productivity by robosourcing/ computerization or increasing dividends or implementing other profit maximizing measures. Trickle down theories are often wishful thinking.
Cryptoad
(8,254 posts)less than $30K/yr, is to say, half of all wage earners are on the edge or living in poverty,
How the hell did all these people hitch their wagon to the GOP?
Geez
Stop.... Stop..... Im tired of winning, please ass fuck me some more!
https://www.ssa.gov/OACT/COLA/central.html
AJT
(5,240 posts)Cryptoad
(8,254 posts)Executive Officers these outrageous amounts,,, a straight 35% sounds good to me!
exboyfil
(17,865 posts)that nations suffer from the same thing as states. The drive towards the lowest taxes even if it means leaching on others. A classic example, Ireland, is held up as a tax haven Nirvana because of its low corporate tax rate. This has prompted numerous inversions to that country (Medtronic and Johnson Controls being two examples). Ireland spends 0.5% of its GDP on defense.
Somewhere we lost the thought that paying taxes to support the system in which you economically benefit and keeps your investments safe is patriotic. A NFL QB gets more flak about kneeling during the National Anthem than a corporation who benefits from every aspect of our society avoiding paying millions in taxes because they "relocate" to Ireland. Symbolism over substance.
Cryptoad
(8,254 posts)at least we were able to save the NFL from paying taxes on their Billions in Profits!
beachbum bob
(10,437 posts)usually in the form of going bankrupt...and worse
world wide wally
(21,755 posts)(For God knows what reason)
bigbrother05
(5,995 posts)Problem is that what Kennedy did was drop the top individual rates from 80%-90% range down to the 60% range. At that time, the extra money was invested in growing production which led to more jobs that meant more people were paying taxes.
When Reagan did his voodoo economics, the world had changed and the extra cash went into making more cash and the workers were left out of the equation. We've been trying to recover ever since and looking at the macro economy hides the true cost the working class has paid for the success of Trump and his ilk. The S&L crash, Tech Bubble, and Housing Bubble were all paid for by the wages/savings of the working class and the 1% were rescued by the taxes on those same workers.
Cryptoad
(8,254 posts)Reagan started and we are still have not recovered from...... why cause the Rich need MORE!
Orsino
(37,428 posts)Along with up being down and black being white, it just is.