LogGrad98
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I'd rather have this than the rich buying off politicians.
The Biden Administration and All Things Politics
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Al-O-Meter
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Not quite. It's "But uh oh! The First Amendment!"
That was the finding in Citizens United v. FEC
Citizens United v. FEC - Wikipedia
Safetydan
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Not quite. It's "But uh oh! The First Amendment!"
That was the finding in Citizens United v. FEC
Citizens United v. FEC - Wikipedia
en.wikipedia.org
Yes, that too.
On the topic of the Citizens United decision, you might find it hard to believe but I agree more closely with the dissenting opinion.
And outside of that, current legal interpretation has little to do with my opinion on what I think is best for our country.
Still wont change a thing the system is so ingrained with corruption it will just add an extra layer of money to the pile.
LogGrad98
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Gotta start somewhere. Can't just keep throwing our arms up and acting like we can't do anything. Yeah it won't change anything overnight but then again nothing will.
Term limits would be the #1 elixir.
Bucknutz
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This is the correct tax proposal for businesses; incentivizing them to make products in America and help Americans. Increasing the tax rate does the opposite.
View: https://x.com/unusual_whales/status/1831720857603039702?s=46&t=BMMZjW7vq0_zwnmLDjNTgQ
View: https://x.com/unusual_whales/status/1831720857603039702?s=46&t=BMMZjW7vq0_zwnmLDjNTgQ
LogGrad98
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EDIT: LOL I read that as corporate tax break, not rate. Just what we need, even lower corporate taxes. That should fix everything, if by everything we mean nothing. Lowering the corporate tax rates for the past 50 years has been nothing short of a disaster. They need to just restore standard corporate tax rates to pre-1980 numbers.
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TheStormofWar
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Sweet tax break for companies that setup a token shop in Hicksville, Utah.
I really, really wish folks understood that this trickledown economics bull**** has never and will never work. The Kansas Experiment should be required reading at this point.
Bucknutz
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Please tell me what raising the rate will do compared to this. Taking 7% more from businesses, without any return for the business, what does the business or American persons get out of it?
Bucknutz
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You’re probably against fixing spending as well since Trump is proposing it as well.
View: https://x.com/unusual_whales/status/1831727022105612703?s=46&t=BMMZjW7vq0_zwnmLDjNTgQ
Besides a stable environment for economic prosperity in the form of public services, reliable infrastructure, and social programs? You know, what we've had for the past 90 years while the corporate tax rate maxed out anywhere from 30% to 50%?
TheStormofWar
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Because it has historically not been a problem for the economy nor businesses in general. History has been pretty conclusive on that. Lower taxes without a guaranteed ROI is the surest way to drive up deficits because, in a general sense, businesses will do the absolute bare minimum and sometimes nothing at all while pocketing profits. We've seen it before, we're seeing it now, and we'll see it in the future. Again, read up on the Kansas Experiment. Fascinating stuff.
Bucknutz
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You should probably read up on the Kansas Experiment. This isn't dropping income tax by 30% or business tax to 0%. Not the same thing.
fishonjazz
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Sure, crackdown on how the government spends.
Also, make the wealthy pay more in taxes.
Both things together would be pretty sweet imo.
I know what trump thinks about the wealthy and taxes. Not sure what Kamala thinks about cracking down on government spending.
I have a strong feeling that if trump is part of the government (president) and he thinks spending is good for him then the things he is saying now will mean very little then.
Trump tends to lie a lot and his administration spent hella when he was president (added a ton to the deficit)
I don't believe anything trump says.
First President in history to increase the national debt by nearly $7.8 trillion. A sum translating to $23,500 in new debt per person across the country!
First President in history to maintain a debt-to-GDP ratio over 100% for his entire term. With the highest annual budget deficit, adding the most amount to the national debt in a single term.
First President in history to serve a full term and increase the deficit every year he was in office.
Trump has had some good ideas. I loved his idea of getting us better healthcare in America. Loved his idea to get a good infrastructure deal in place. It would be cool if Mexico paid for a border wall.
Turns out though that often times trump, and other politicians, just talk about things without actually doing them.
Even after this discussion trump remains the most corrupt, immoral, scandalous and dishonest candidate in history. No matter how many tweets or articles come out between now and election time that distinction won't change.
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TheStormofWar
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Yeah, it pretty much is. Again, read up on it and the history on those taxes in general. Fascinating stuff.
Al-O-Meter
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The corporate tax rate was that high when the rest of the industrialized world was destroyed and American companies had nowhere to go. Once other areas of the planet developed or rebuilt and lowered their own tax rates, there was a mass exodus. It was then that America lowered its tax rate to a level that was globally competitive. Now you want to ignore the modern reality and set the American tax rates to a level we already know causes capital flight? Do you plan on shooting the heads of corporations who shift their profit centers abroad? Do you plan on having government seize factories to finally bring about the workers paradise that has never been tried?
Given that you favor transitioning the United States into an economic environment that is hostile, compared to where corporations could be claiming taxable revenue, what is your plan here to not collapse tax revenues? 50% of zero is zero.
Bucknutz
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So all this tax got us:
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All with MASSIVE debt.
You want to bring more businesses back home, give them an incentive. You want to keep businesses from leaving, give them an incentive.
I do not see how dropping a tax rate for a business that makes products in America will now make all the public services, reliable infrastructure and social programs all go away.
fishonjazz
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Taxes are how public services, infrastructure, and social programs are paid for.
Ergo, lowering tax rate = less tax revenue = less money for public services, Infrastructure, social programs. I mean that is quite easy to see.
Maybe a good idea is to lower the corporate tax rate and also mandate that a certain amount of the profits from companies go directly to public services, infrastructure, and social programs. I'm down with that alternative.
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This seems like an incredibly strong argument for the exact opposite of dramatically slashing corporate tax rates.So all this tax got us:
19th / 29th in Social Progress
Global Social Progress Index
The Global Social Progress Index encompasses 13 years (2011-2023) of social progress data across 170 countries. The Index now extends its depth with a premium version offering the downloadable dataset, additional layers of insights and customization to gain a deeper understanding of social...Loading…
www.usnews.com
2nd / 16th Infrastructure/Public Transportation
16 Countries With Most Efficient Public Transportation
In this article, we will take a detailed look at the 16 Countries With Most Efficient Public Transportation. If you want to skip our global overview of the public transport industry, you can take a look at our top picks of 5 Countries With Most Efficient Public Transportation. In a faster and...finance.yahoo.com
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12th / 59th in Business Economic Prosperity
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www.usnews.comWCR-Rankings - IMD business school for management and leadership courses
World Competitiveness Ranking
All with MASSIVE debt.