Republican Tax Plan
- Thread starter uncboy10
- Start date
Actually, I was referring to this pic, moron
I posted an article showing the diaper picture was fake. You responded by saying you were skeptical. Nice try though
Not a fan of that, if true. Should be equivalent benefits to all levels (i.e. not weighted to low earners either).
Don't have a huge problem with this, per se. However I do think that there should be some language involved that directs where the savings are to be spent. I hate the government sticking their uneducated heads into business via regulation, but this may be an instance where that's ok. I'm fine with corporate tax breaks, if the money is spent in an intelligent way (i.e. R&D or payroll or something). I don't agree with making sure they pay the lowest skilled positions with that money, but don't think it should go directly to the C-suite, or just stored on the balance sheet as cash either. Tough situation there.
The corporate tax break really only helps the big boys. Small business won’t see much of anything from this bill and may even be worse off. Luckily it won’t be passed.
He’s an analysis from that liberal rag, Forbes.
The stupid diaper pic is obvious Photoshop, moron. The pic in question is not that one.
Stir the pot, stand back, wait 5 minutes, and watch pinkos spontaneously combust.
Good fun!
We don't need no stinking' props from you, clown face . . extend your absence for another six months and make us all happy.
It's cool how your work sign simultaneously controls traffic and describes you. Touché!
Haha then why would you be skeptical about it being fake? Or do you just not bother reading?
Unfortunately I think we need fiscal policy that benefits low earners, because we have had so much policy that screws them for so long. At this point, a "fair" tax plan would just maintain the current level of inequity. I think we need something to bring a bit more balance into the economy, at which point we could use "fair" policy to maintain that balance. The power dynamic between large employers and their employees means that money will never go back into payroll. At least not for the average worker. Why pay people more when you have all of the bargaining power? There's always someone out there who is more desperate for a job, and probably has similar skills.
My view is that lowering taxes for the bottom earners has a huge positive effect for the economy at large because it increases demand for goods, which in turn drives the rest of the economy. Poor people tend to almost immediately spend that money back into the economy because they need it, where as the 1% simply would invest the difference and then pay even lower taxes on their capital gains. Increasing consumer demand also creates jobs because of the increased need for production. And the greater economic activity means more profit generated, which benefits everyone.
There are too many things that we need to spend money on to be cutting the corporate tax rate. Our infrastructure is crumbling, including an outdated electrical grid that tethers us to a constant need for oil. Public schools all across the country are in states of disrepair. We have to soend to keep our country going. And right now there's already a shortage of funds for everything that needs to get done. This is going to blow the budget deficit through the roof.
Scrap corporate tax
Restrict executive pay sensibly (only public companies )
Institute consumption tax
Everyone wins
Im sure how everyone wins with a consumption tax though. Capital gains wouldn't be taxed until the investor actually took the money out and spent it. Which would incentivize the rich to horde cash or keep
investing instead of actually spending it. I just don't see how this could generate enough tax revenue. You'd have to explain more about how this would work before I get on board.
I lean left on many issues. Consumption tax is neither left nor right, it’s an economic gamble where the reward far outweighs the risk.
Start here:
https://en.m.wikipedia.org/wiki/Predicted_effects_of_the_FairTax
Not sure how anyone can judge the tax plan when it will look totally different when it gets done. House passed one, Senate committee passed one, now the two are debated to make something totally different.
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