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Originally Posted by Dirtbag59
I don't get why creating a climate thats business friendly within reason is a bad thing.
Say you increase the corporate tax rate to 35% instead of Romneys 25% proposal and all of a sudden an evil corporation making $100 million is paying $35 million instead of $25 million.
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I don't think the corporate tax rate should be raised, it should be lowered, but ALL tax loop holes should be closed at the same time. No idea where you get this. I'll ignore that ridiculous "evil corporation" comment as it's misguided and inaccurate to say the least.
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Originally Posted by Dirtbag59
How many people can be hired with that extra $10 million. How many extra capital assets could be bought. How much R&D could be done with an extra $10 million. And we're going to trust that money to a dysfunctional government?
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10 million? That's cute. How about you try 5 TRILLION dollars. Here people were thinking that corporations were doing bad. Nope, record setting profits and the CASH to prove it.
Idle corporate cash piles up | David Cay Johnston
Might want to rethink that because I think 5 trillion dollars put back into the economy can make the world of difference.
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Originally Posted by Dirtbag59
The bottom line is corporations don't care. They go where it's in their best interest. It's not personal to them. You raise taxes, force them to buy equipment to conform to ridiculous EPA regulations, raise capital gain taxes discouraging people from investing in the stock market and you can watch them go elsewhere along with potential jobs. They want to stay here. Logistically it's better to stay in the States closest to most of their customers, heck a lot of companies want to stay in the States but we're making it harder and harder.
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Not true. Even if they DO move overseas, who do you think is going to have the purchasing power to buy their products? The people in the 3rd world country they're at? No, their customers will still be back in the states. Legislation can be passed to deal with companies like this, much like it should be passed on these rich people dropping their US citizenship to avoid taxes. Fine, you want to leave the US, then you stay gone and your products don't enter our country. Somebody will take their place?
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Originally Posted by Dirtbag59
Bottom line we keep trying to punish the companies that could be giving us jobs and producing better and better products with higher taxes, costly regulations, and a population thats finding it harder and harder to invest in the stock market (which saw a lot of middle class people move up a few classes during the bull markets of the 80's and 90's).
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Explain to me how we are "punishing" companies when I showed you directly that they are hording cash? Companies are fine. It's small businesses that need the help.
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Originally Posted by Dirtbag59
We need to drop the grudge with Wall Street and let them get back work and in turn put people back to work. Granted regulations have their place and are vital to fair play but many of the laws passed by this administration have been overkill |
Hilarious. Explain to me how the Wall Street fiasco happened. De-regulation. Yes, all this happened because of deregulation that happened back during Clinton's term. So, you think deregulating is going to solve it, when history shows you otherwise?
Deregulate EPA restrictions = Companies will abuse the environment
Deregulate Banking industry = Banks will perform recklessly
Deregulate the workers environment = Corporations will create a unsafe environment
(and this applies to the food, drug and health care industries)
You said it yourself. Corporations do not care, and this applies to anything. The are void of morality and conscience. In a perfect world, deregulation would indeed be unnecessary, but as long as humans are involved, it'll be needed to keep corruption in check. Wonder how long its going to take for RedskinsRat to come up with these damn robots we need to run things?. Jesus christ on a cracker he's holding up society's greatness!!
I will agree with you that there are probably too many restrictions on businesses, but I think many of these restrictions probably should be removed for small businesses. I wouldn't put it past many of the larger companies to lobby for these types of legislation in order to stifle competition in their markets.