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US corporations set all-time profitability records in Q3 2012. They are sitting on oceans of cash. They have the cash and they're not investing it. So why would giving them more cash make them invest it?
And why would a company do that? Because that company would like to stay alive and not be bought off by foreign companies teeming new growth, investment and demand.
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Originally Posted by EugeneOnegin
Tax receipts as a percentage of GDP are the lowest they've been since the 50s. In 2013 they go a little higher but still below the average for the last 50 years. So I'm not sure what you're basing that on.
Yeah, and you still see a stagnant or declining GDP. Do you think your GDP would be growing substaintially if you had higher revenues as a percentage of GDP?
Hopefully you're not counting on taxing the rich and think that's going to be passed on to you through the Federal bureaucracy...
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Originally Posted by EugeneOnegin
Corporate taxes as a percentage of GDP have been steadily trending downward since the 1950s.
And the economy as a whole has been slightly growing, stagnant or declining since then. Maybe you ought to think about that a second before you think increasing their taxes is going to increase the ability for them to stave off being bought out or just going straight to bankruptcy do not pass go.
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Originally Posted by EugeneOnegin
We have corporations with record profitability, record amounts of cash, corporate taxes trending downward for 60 years...and the answer to our economy is that they need more money? They don't need more money, they need more demand for their products.
Sure they do. The fact that you don't see that there are more than 314 million people on planet Earth is troubling. While you think US companies are hoarding cash from your pocket, you're spending large sums off (borrowed) money to buy goods from them. But you're not spending anywhere near the amount the other 6.6 billion people on planet Earth are spending and they're not just buying US goods. In fact they're buying more goods from companies that are not US which fills the coffers of those companies who then look to buyout competition.
Maybe you should think about that before subvert the ability of those US companies to keep afloat and keep, at the bare minimum, the R&D departments in the US. Make no mistake, if they weren't piling up cash you'd be hearing about "record" numbers of US companies being bought out by foreign investors and you may or may not get to keep your job depending on if they even think having any part of the company in the US as profitable enough.
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Originally Posted by EugeneOnegin
The working class needs more money so they can buy more goods and services, so that businesses will have a reason to grow.
Uh, the "working" class spent money it didn't have and it just barely kept the economy afloat. Now you're seeing a faltering economy because the "working" class has to pay off that debt.
So let's clear all this up. You don't think there's enough demand for US goods because it's workers are paid well enough? So, why not just raise the rate of pay for all US workers? That'll make US produced goods more profitable, right?
No, it won't. Not in your fantasy land or any other *******s either.
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Originally Posted by EugeneOnegin
How do we accomplish that? That's a good question. One way is a progressive income tax system, but conservatives in recent times have come to view that as socialism.
You've had a progressive tax rate since the beginning of the income tax. Face it, the people won't outright vote for socialism so by covert means you wish to impose it on them.
That's very democratic of you...
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Originally Posted by EugeneOnegin
We have a couple things going in our favor though. People are continuing to pay off their credit debt, which will leave them with more money to spend on goods and services. And the wealth effect from the stock market. As the value of people's investments increase, they feel better off and more secure, and become more willing to spend their money.
People aren't going to be spending more money because their 401k has risen. Do you not understand that a 401k is a lifelong investment plan with penalties for removing it early?
That is a state issue, specifically a cali issue. Should have opened your shoe shine in Texas.
A number of people I know have left California for Texas... most like it a few don't.
The burden on being a business is something most cannot fathom if they have never done it.
A very good friend is a husband and wife Backhoe company... they have a CAT Backhoe and a Dump Truck... been doing it for 30 years and their older equipment is like knew... he and his wife can no longer operate their business because his truck and hoe are now non-compliant...
This is what is wrong... in the old days, no one would come and knock on your door and put you out of business.
The President was speaking on coal power plants and said "No one is saying you can't build a coal power plant... it's just it will be so expensive, you will go bankrupt"
It is happening to small Mom and Pops all the time and marginal business that are struggling to keep the doors open and meet payroll are being forced out of business...
Why do you think sole medical practitioners are the last of a dieing breed?
It's because there is no way to meet all the requirements and still have time to be a Doctor...
Docs are banding together in medical groups for survival or simply becoming employees of the big hospitals and HMOs.
A rising tide lifts all boats except the unseaworthy...
In other words... nothing is 100%.
Why do those who want for nothing material die from an overdose?
Some just cannot be helped because they lack even a spark of desire.
Kind of sad when one thinks about it... people have come here with nothing but a dream and made a success of it... not speaking a word of English and their children are MDs, Lawyers, Accountants, etc...
How does this happen?
We just had a paving job done at work... the owners, two brother's from Mexico started the business 35 years ago... neither speaks English well. They now employ 60 people paving parking lots...
How does this happen?
The Cambodian landscaper came her with nothing... just his wife and 2 year old child... they fled Cambodia... they are still Landscapers and each of the 3 children graduated the UC system one a Doctor, another a Lawyer and the youngest is a CPA...
How does this happen?
How do poor immigrants with nothing and no education go on to own businesses and have their children become doctors and the like? Because we have heavily invested in this country through education, research and development, transportation infrastructure, etc. Not to mention the fact that our policies, legislative, have been very friendly to immigrants. So smart spending and good policy.
How do poor immigrants with nothing and no education go on to own businesses and have their children become doctors and the like? Because we have heavily invested in this country through education, research and development, transportation infrastructure, etc. Not to mention the fact that our policies, legislative, have been very friendly to immigrants. So smart spending and good policy.
Don't forget hard work, discipline and the desire to prove one's self...
A number of people I know have left California for Texas... most like it a few don't.
The burden on being a business is something most cannot fathom if they have never done it.
A very good friend is a husband and wife Backhoe company... they have a CAT Backhoe and a Dump Truck... been doing it for 30 years and their older equipment is like knew... he and his wife can no longer operate their business because his truck and hoe are now non-compliant...
This is what is wrong... in the old days, no one would come and knock on your door and put you out of business.
The President was speaking on coal power plants and said "No one is saying you can't build a coal power plant... it's just it will be so expensive, you will go bankrupt"
Quite frankly, polluting isn't free. Now I am not necessarily agreeing with any particular laws, but someone has to pay for pollution.
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It is happening to small Mom and Pops all the time and marginal business that are struggling to keep the doors open and meet payroll are being forced out of business...
Nah those type of stores can't compete with the big box stores such as walmart and target and best buy. No way they can compete with those type of prices and overhead walmart has.
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Why do you think sole medical practitioners are the last of a dieing breed?
It's because there is no way to meet all the requirements and still have time to be a Doctor...
Docs are banding together in medical groups for survival or simply becoming employees of the big hospitals and HMOs.
Industries evolve and consolidate over time.... This has been going for quite some time.
Don't forget hard work, discipline and the desire to prove one's self...
That's important but secondary. Become a poor immigrant with no skills, no money, no education and immigrate to Sudan and let me know how far you get with your hard work and desire to improve oneself compared to immigrating to America.
But you can now afford a computer instead of "education or training."
Which of course is BS because there's course at your local community college that can run as low as $35 for training and education.
Instead of doing that you spend hours upon hours on CD complaining (on your computer no less) about how you can never get ahead.
Ha! I'm using a $70 used laptop. And community college credits are almost $100 each. And if I weren't burdened with paying more than $100/month on student loans, I'd actually be able to afford to take a class or two.
How do poor immigrants with nothing and no education go on to own businesses and have their children become doctors and the like? Because we have heavily invested in this country through education, research and development, transportation infrastructure, etc. Not to mention the fact that our policies, legislative, have been very friendly to immigrants. So smart spending and good policy.
Uh, that's not the American dream. The American dream is immigrants who are used to having nothing or barely nothing coming in to the land of locust where every sucker is willing to hand over their entire paycheck and then go to the nearest lender and take on as much debt as possible to hand that over too.
Why do you think you see people from India with medical degrees living with nearly all of their extended family penny pinching every red cent till they then pay cash for something like a dream home and Audi A(x)s.
It's not because they went to school here and and invested in Greyhound.
All you Republicans on this thread have three things on common just like they do on every other website I visit.:
1. You have little to no compassion for anyone who isn't like you or is living in poverty.
2. You keep blaming all of society's problems on the liberals and act like everything was hunky dory until Obama took office.
3. Every one of you have this "me-me-me-me-me-me-me" mindset thinking "I've got mine; screw everyone else."
This is largely what I'm seeing too. I don't know if it is just a very vocal group within the conservative/republican party or if it is a core belief. I don't like a lot of democratic policies, but the hate coming from the republicans is turning me off to their ideas too. I think that republicans tend to forget that the anti abortion stance is causing the unwed pregnancies and the food stamp rolls to swell largely in their counties.
For example: A guy that believes in abstinence,, in birth control, that liberals are to blame, that the welfare recipients are liberals breeding like rabbits, and that he should have no obligation to help people. I might be able to agree on the fundamentals, but I can't get over all the hate.
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Originally Posted by Phil306
I want fiscal independence. I work. My money is mine. Not yours. I don't mind paying money for national defense, public safety, roads, etc. However, I do have a major problem paying taxes for lazy welfare recepients to sit on the couch eating bon bon's and watching Dr Phil allday. ALL on my dime.
It IS NOT my responsibility to pay for your healthcare, child care, unemployment, or anything else for that matter, except what I've outlined above. You have children, you pay for them. Don't force me. You can't find a job? How is that my issue? I have my own family to raise.
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Originally Posted by Phil306
Actually the fact you should have a license to have children should be the law. Moreover, you should be forced to purchase "child insurance." If something happens, goes wrong, etc insurance will cover the costs of your children, instead of burdening society with your poor choice.
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Originally Posted by Phil306
Nope. The old: Have personal responsibility for pulling it out and/or spreading your legs. YOU want to have sex, YOU pay for the outcome.
If you cannot afford children, don't have sex. That is called personal responsibility. Now, I understand you limp wristed, thumb sucking liberals don't have any idea about personal responsibility. You expect the world to pay for you, however its wrong.
The problem with this poster and you liberals: You want to have as many children as you want and you want the rest of to pay for them. Pay for them YOURSELF. Don't involve me.
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Originally Posted by Phil306
Then you pay for her and her kid? How about that? In so far as the rest, why are we allowing people to have children THEY cannot pay for? How about we address the problem at hand and STOP the insanity, BEFORE it occurs? Of course you liberals do not want to do that. You want to breed like rabbits and force the rest of us to pay for it.
She and whomever decided on an act which would produce a child. THEY are responsible for the outcome. NOT ME. Quit taking your liberal/socialist viewpoints and punishing the rest of society with it. WE are not responsible. WE did not cause your friend to become pregnant. It HER issue, not mine.
NO, I don't care what occurs to her child. I DON'T. I have three children of my own I have raised and paid for, out my own pocket. NOPE. NONE of them attended public schools. I paid for all of them myself. And no, I DONT care not everyone can afford this. NOT MY ISSUE.
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Originally Posted by Phil306
Ok. And how is your "friends" status MY responsibility? WHY isn't her family helping her? Why should MY taxes be increased to pay for her and all the other person's in this world? I am NOT responsible for her and everyone else. I have a wife and 3 children. I need my money for them; not someone 2-3 thousand miles away I don't know and who doesn't give a rats ass about me.
The problem is people just don't want to discuss the truth: The truth is, this country is very quickly being over populated. NO ONE wants to discuss this issue. Resources are finite and were at the end of "give the world to everyone." Liberals want us to pay for their ideals. NONE of them are willing to give up their paychecks to "underclassed." If they care that much about others, why don't they sell everything and live under a bridge? ALL of their money can go to the poor and homeless. They won't, of course, they want to be "giving," as long as someone else is giving for them.
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