Corporate tax (trickle down)

[SHRED]

The "trickle down" advocates who claim that if we lower the corporate tax rate and the tax rates on the wealthiest then somehow that translates into benevolent investing into job growth in the USA are missing one vital fact:

We live in a trans-national corporate world.
There is no such thing as "loyalty" to the USA by these fat cats.
In fact they take their "savings" and invest overseas taking the jobs with them.
This has been proven time and time again.

[bryant69]

1. Yep - particularly corporate tax rates

Of course the other thing trickledowners fail to realize is how much the rich have already had their taxes cut.

Bryant
Check it out --> http://politicalcomment.blogspot.com

[Lasher]

2. Yeah, and how did those tax cuts work out for us?

Not so good, huh?

[sam sarrha]

3. the original tax cut we got $87.. our property taxes increased about 40%, and city taxes increased

about 10%... el paso city services decreased, they quit painting stripes on the roads,fixing pot holes, police layed off, fire departments closed, so few cops everyone was running red lights like it was juarez.. gangs bloomed/drive by shootings

it cost us a lot.

[Lasher]

4. The S&P 500 gained an average of 2.73% per year so far during Junior's reign.

Average for all years, Carter through Clinton: 11.86%

http://www.unlawflcombatnt.proboards84.com/index.cgi?board=general&action=display&thread=1199189698

Paul Roberts, Assistant Secretary of the Treasury in Saint Ronnie's administration, had this to say about Junior's tax cuts:

Just as Dubya hides behind "freedom and democracy" to wage wars of naked aggression, he hides behind supply-side economics in order to reward his cronies. There seems to be no American value or legitimate principle that the Bush regime is incapable of despoiling."

http://www.vdare.com/roberts/060227_economics.htm

[bryant69]

6. Actually i was thinking of the history of tax cuts -

The highest tax rate used to be around 70%. I think you can make a case for that being too high - but conservatives act like it's still 70%, when it's dropped a lot.

Bryant

[Bandit]

7. I actually believe it was even higher during Ike's time in office

JFK lowered taxes and was still hated by Republicans. They really don't seem to be very consistent. Remember how Republicans feel the Glory years were under Ike and that was when taxes were at the very highest.

[Lasher]

9. Correct you are.

The highest tax bracket on earned income today is 35%. During Ike's administration, the highest tax bracket was 92% in 1953, and 91% thereafter. Yes, taxes on the Rich were almost three times higher under the Republican Eisenhower compared to our current President, or compared to the Democratic administration of Bill Clinton!

In Ike's day, capital gains were not treated differently from earned income, so the rich paid 91% tax on capital gains. From 91% to 15% - another reason why it's good to be rich!

http://blueworksbetter.com/EisenhowerFlamingLiberal

[Tommy_Carcetti]

5. I would apply the same line of thinking....

....to those who think we can get off our dependence on foriegn oil simply by drilling in the US. The oil companies will still screw us, whether we are pumping Saudi, Venezuelan, or good ol' American gas into our car.

[guitar man]

8. yep, pretty much

I remember when all this fat cat corporate ass kissing started under Reagan. It was supposed to be good for everyone. The problem is , their grand "trickle down" idea relied on the corporate fat cats doing the right thing in allowing it to "trickle down", creating jobs, better wages, conditions etc etc.

Well, surprise, surprise, 99% of the fat cats have FAILED MISERABLY in doing the right thing over these last 27 years or so. They have proved they are not to be trusted in going unregulated so it is time to reverse that trend.

Those in this country that have been convinced over the years that living with the fat cat corporate cock in our mouth is good policy need to wake up and realize that the cock has wound up in our collective ass :mad:

I know that's a crude way to put it, but elegant speech fails me these days....