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Taxing the rich won't help the middle class. Cutting handouts for the poor will help the middle class. All the massive spending on social programs causes inflation which hurts the middle class. Plus the middle class should deeply resent the poor because they get to eat for free, get free heating, and free housing, etc.
Taxing the rich won't help the middle class. Cutting handouts for the poor will help the middle class. All the massive spending on social programs causes inflation which hurts the middle class. Plus the middle class should deeply resent the poor because they get to eat for free, get free heating, and free housing, etc.
And I'm sure you would trade places with a poor person yourself.
Hmm...I see. It is an asset. I was wrong; however, I see you've also proven you're wrong. Which isn't surprising....lol
Its an asset to the BUYER of the stock, but we arent discussing the BUYER, we're discussing the seller, i.e. the corporation. You cant even keep the conversation straight.. haha
Quote:
Originally Posted by walidm
It's owners equity. Liabilities are separate on the balance sheet.
And when the corporation wants to regain that equity, what do they need to do? REBUY IT.. And how do you rebuy it if not to take cash from your assets?
Quote:
Originally Posted by walidm
It's reported under Stockholders Equity and when added together with liabilities equals the companies total assets...
"What is important to know is that no transaction will upset the fundamental accounting equation of assets = liabilities + owners' equity."Your Source"
And again, if the corporation wants to regain that stock, just like they do bonds, how do they do so that doesnt offset their assets? THEY CANT.. Return to elementary accounting..
Quote:
Originally Posted by walidm
If the company's liabilities are greater than its assets, your EQUITY INVESTMENT (stock) may be worthless.
No **** shirlock home, YOUR equity may be worthless, but one persons assets (i.e. you holding stock) is someone elses liabilities, i.e THE CORPOATION..
All you did was prove you cant follow along with the discussion taking place..
"Tax us more, and we'll pass it on to the consumers"
"Tax us more, and we'll leave the state or nation!"
In supposedly high-tax California, 80 billionaries live here. Yeah, I'm sure Steve Jobs, Larry Ellison, and Mark Zuckerberg are just going to up and leave if their taxes go up 5 percent.
You need to educate yourself on those billionaires, because they are only billionaires on the value of their stock, which ISNT TAXED, until they sell..
Why don't we apply that logic to any expense a business owner has? What's to stop him from raising prices so he can take a first class cruise? What's to stop him from raising prices for anything?
We do.. thats why business expenses are a tax write off. What you described isnt a write off, and would be taxed as a profit.
Why don't we apply that logic to any expense a business owner has? What's to stop him from raising prices so he can take a first class cruise? What's to stop him from raising prices for anything?
LOL! really? this is where you are going?
lets count the ways this logic is flawed.
1. "what is to stop him"? you mean we have a right to stop a company from charging whatever they want?
2. if it is a corporation, each business has its own rules, created by their board and ratified by the stock holders that determine what its officers can do
3. That logic is applied to any and every expense a business owner has.
companies ALL (at least the good ones that stay in business) ALWAYS sell their product for MORE than the total amount of their operating expenses. It’s called good business.
"Tax us more, and we'll pass it on to the consumers"
"Tax us more, and we'll leave the state or nation!"
In supposedly high-tax California, 80 billionaries live here. Yeah, I'm sure Steve Jobs, Larry Ellison, and Mark Zuckerberg are just going to up and leave if their taxes go up 5 percent.
you seem smart.... how about you explain how a business is taxed (or taxed more) yet does not pass that expense along to customers?
And if that causes Wage Inflation and prices rise, you'll be okay with that, right?
Quote:
Originally Posted by lorrysda
DEMOCRAT CLINTON was in very deep economic trouble until the REPUBLICANS under the leadership of Newt Gingrich bright Clinton kicking and screaming to the table and forced him to "CUT SPENDING" and balance the budget. You need a history lesson!
Funny how people forget.
Quote:
Originally Posted by mmmjv
Why don't we apply that logic to any expense a business owner has? What's to stop him from raising prices so he can take a first class cruise? What's to stop him from raising prices for anything?
Why don't we apply that logic?
Well, I don't know about the "we" part, but the reason I don't apply your ridiculously stupid logic is because of Price Elasticity.
Raising prices neither guarantees an increase in revenues nor an increase in profits.
In fact, raising prices can result in a decrease of both revenues and profits.
You might want to educate yourself a bit.
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