Who believes Trump's assertion that corporate tax cuts will lead to worker pay raises? (generations, cost)
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This is nothing more than your typical argument from the Leftist "progressives" as to why they oppose tax cuts. They need the money to fund their "programs."
Look, without tax cuts you are guaranteed not to see any increases in jobs or wages. And there is no guarantee that your job won't be shipped overseas. The U.S. has the highest corporate tax rate in the world. That's why jobs are leaving.
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Quote:
Originally Posted by nononsenseguy
This is nothing more than your typical argument from the Leftist "progressives" as to why they oppose tax cuts. They need the money to fund their "programs."
Look, without tax cuts you are guaranteed not to see any increases in jobs or wages. And there is no guarantee that your job won't be shipped overseas. The U.S. has the highest corporate tax rate in the world. That's why jobs are leaving.
They aren't gonna raise wages just because they got a huge windfall.
Why is it a "windfall" when the government takes less of your hard earned money?
If you get a tax cut (thank you Donald Trump), and it will happen, are you going to call it a "windfall?" Are you going to take some of that "windfall" and give it to charity? Why not?
A true "windfall" is a sudden gain that you did not earn.
Employers view employees as costs, and don't really see any value in them, and think they should consider themselves lucky that they even have a job. So when the business sees increased revenue, they just pay it out to the C-Suite in bonuses and don't care about their workers
Most companies do. Those at the top too many times forget where they came from, through the ranks (not counting the silver spoon owners/execs). It's amazing how management seems to either forget or diminish the importance of employees, those people who actually make companies tick. Instead, too many employees are pawns, expendable at any time for the next warm body.
There are some who do treat employees like important people. I have a few clients (I'm a CPA) who treat their employees very well, yet to some of them it still isn't good enough (year-end bonus pool, profit sharing contribution by the company, decent hourly wage).
Starbucks gets around paying taxes by setting up a headquarters in a tax-haven like Ireland and claiming the shell company owns the proprietary licensing rights for the stores. It sets up payments to the shell company from the its subsidiaries in the US, UK, and other higher tax countries in order to avoid taxes. The shell company holds the money in various financial institutions throughout the world (NYC, London, Tokyo, etc.) to hedge currency fluctuations.
Starbuck's coffee is crap, too. It's expensive "cheap" coffee.
A reduction in corporate taxes are needed to bring so much of the money in foreign institutions back to the USA and to incentivize corporations to declare profits.
Last time we allowed these companies to repatriate money that was offshored without penalty they used it for stock buy-backs and executive compensation. They should lower the corporate tax rate but only if they close the loopholes so that each company receives equal treatment. Many companies pay next to nothing while others pay the full rate, they need to even the playing field and it needs to be revenue neutral, we cannot afford a net decrease in taxes.
09-04-2017, 04:27 PM
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Quote:
Originally Posted by nononsenseguy
This is nothing more than your typical argument from the Leftist "progressives" as to why they oppose tax cuts. They need the money to fund their "programs."
Look, without tax cuts you are guaranteed not to see any increases in jobs or wages. And there is no guarantee that your job won't be shipped overseas. The U.S. has the highest corporate tax rate in the world. That's why jobs are leaving.
Once again, all you're doing is demonstrating that you don't understand the first thing about what makes the American economy work.
You may have had a point when our economy was about sewing shirts and making horseshoes, but it's utter nonsense today.
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