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The system should be designed to promote investment and job growth.
For 35 years the system has been designed to support US corporations' investment in overseas production. They've basically taken profits earned in this economy, and instead of cycling them back via domestic investment, they've taken them somewhere else. The US economy was kept perpetually stimulated via fiscal and private debt escalation, until those were maxed out. Now here we are.
If our "leaders" were concerned about what was good for our domestic economy none of this would have happened in the first place. So don't be surprised when polices fail to make sense. They'd like to keep using the US as a place dump foreign production, but our high debt level makes this difficult. Still, since our debt load has eased somewhat since 2008, we might be able to weather a short boost of debt-fueled stimulus. If a Rep is pres in 2016, I'm pretty sure this will be the case, but don't expect it to last more than 4 years.
as for the OP that a person with Millions of dollars of INCOME Each Year is able to use TAX LOOP HOLES Designed by friends for their use.. so as to pay less in taxes than those making 50% Less and 75% Less and often 90+% Less ......is the issue.. and I would hazzard a guess a few here hummmm are in the 99% less hahahaha and have Once Again been made fools of.. The same ones who have not listened for the last 20 or 30 years or more..... are still not listening rruff..
Quote:
Originally Posted by rruff
For 35 years the system has been designed to support US corporations' investment in overseas production. They've basically taken profits earned in this economy, and instead of cycling them back via domestic investment, they've taken them somewhere else. The US economy was kept perpetually stimulated via fiscal and private debt escalation, until those were maxed out. Now here we are.
If our "leaders" were concerned about what was good for our domestic economy none of this would have happened in the first place. So don't be surprised when polices fail to make sense. They'd like to keep using the US as a place dump foreign production, but our high debt level makes this difficult. Still, since our debt load has eased somewhat since 2008, we might be able to weather a short boost of debt-fueled stimulus. If a Rep is pres in 2016, I'm pretty sure this will be the case, but don't expect it to last more than 4 years.
The argument of job creation for low income taxes for the wealthy is used frequently. I don't agree with it, which is why I am asking, if job creation is a goal why isn't corporate tax reduced instead of individual taxes.
The goal would be to minimize stockpiling of cash and instead directing investment into reinvestment. Anything removed from an investment vehicle for personal use would be taxed as regular income. The system should be designed to promote investment and job growth.
This is why corporate tax doesn't make too much sense to me, why are we taxing entities that are solely about investment and job growth.
We already have low income taxes for the wealthy in exchange for job creation. They're called write offs and deductions.
If you're putting money to work, you're not paying the full tax rate. If you're keeping it in the bank, you're paying the full tax rate.
If you're putting money to work, you're not paying the full tax rate. If you're keeping it in the bank, you're paying the full tax rate.
Precisely. Reality is the exact opposite of the propaganda we are fed.
What the tax cuts did was allow the rich to extract cash from the system instead of reinvesting it domestically. Just one piece of the policy changes that led to the mess we are now in.
Traditional "conservatives" never fail to praise entrepreneurship and individuality ... on the surface. But a corporation's hierarchy is a dictatorship rather than a democracy, and is slanted from the start to encourage toadying and duplicity. There is no point, save by recourse to legislation and all the subtleties of politics, at which the individual employee can deliver a polite, but firm "no" to constantly-increasing micromanagement, and still advance along a path toward more autonomy while on the job.
I view this as a key factor in the burn-out of so many once-enthusiastic employees, but can offer no formal method for addressing it.
Traditional "conservatives" never fail to praise entrepreneurship and individuality ... on the surface. But a corporation's hierarchy is a dictatorship rather than a democracy, and is slanted from the start to encourage toadying and duplicity. There is no point, save by recourse to legislation and all the subtleties of politics, at which the individual employee can deliver a polite, but firm "no" to constantly-increasing micromanagement, and still advance along a path toward more autonomy while on the job.
I view this as a key factor in the burn-out of so many once-enthusiastic employees, but can offer no formal method for addressing it.
Lasted less than a year in a fortune 500 corporation before burning out from the brainwashing.
People with large mortgages and multiple kids usually have an extremely low tax rate.
They also aren't likely to have any savings .... or any direct stake in the businesses which employ them. So unless they're self-employed, why should loyalty be expected?
If you were capable of rational thought, I'd have fun decimating your argument. But I know it would be a waste of time.
Yes, it would be a waste of time. Like trying to fly by standing there flapping your arms up and down really fast. You should try learning from your betters and superiors rather than childishly resenting them.
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are in the 99% less hahahaha and have Once Again been made fools of.. The same ones who have not listened for the last 20 or 30 years or more..... are still not listening rruff.. 
