Political Ramblings

[thaiturkey]

Money is never idle. It is invested no matter where it is put. It must earn a return equal to or greater than the inflation rate. It is taxed twice, first as corporate income and then again when dispersed as dividends. Investors get hit twice. Capital flees from excessive taxation and regulation to less excessive tax situations. That is what created the need for offshore tax havens.

You wrote:

Originally Posted by rufus


That discretionary wealth is invested in our nations farms, factories and stores. Without that capital available, society cannot produce and distribute the goods we need. Who do you think buys all of that stock and bonds?

If the wealth goes to an offshore account or business it is unlikely to any good back home.

Is corporate income taxed or is it profits that are taxed?

Capital flees from poor returns, not from taxes alone. For example, capital flees from countries where wages are high to countries where wages are low.

 

[hemet dennis]

All this talk about taxes is saddening. You're all missing the painfully obvious solution:

Cut spending.

Cut all foreign aid, get rid of the Departments of Energy, Commerce, Education, Interior, and HUD, get rid of the TSA, stop subsidies (corporate welfare), and bring our soldiers home as a starting point. While we're at it, we ought to get the Navy back to patrolling trade routes and guarding the coasts while ending the federal war on drugs.

Good starting point in my opinion.

Bringing troops home would be a good idea. It's not like it would cost more to house and feed and pay them here then overseas. To think so would be silly.

 

[thaiturkey]

Well someone gets it.

Well, you don't seem to!

Tax havens lose potential tax income to the country in which the money was earned. Why should some people be able to salt away cash tax free when working people not only have to pay their taxes but subsidise the deficit created by the cheats?

 

[rufus]

That would appear to be one...
http://en.wikipedia.org/wiki/List_of_rampage_killers

You are forgetting the bombing of Regjeringskvartalet.

 

[rufus]

Did you see that the US is going to sell off their stock in General Motors. I am willing to bet it will end up in Chinese hands. The UAW will be left looking at empty factories.

 

[hemet dennis]

Did you see that the US is going to sell off their stock in General Motors. I am willing to bet it will end up in Chinese hands. The UAW will be left looking at empty factories.

Did you see the loss to taxpayers from the sale ?

 

[chickened]

Think about it instead of reacting in the same old way. If society allows dangerous weapons, it must share responsibility for the consequences. Surely, that's not a concept that's completely beyond your grasp.

Are you saying society is responsible for my sins? Because of the tool of choice was allowed by society? What happens when the weapon is one that is not allowed by society oh like mustard gas for an example?

 

[chickened]

Did you see the loss to taxpayers from the sale ?

I did hear a little bit a out that and thAt the taxpayers lost money on the deal

 

[hemet dennis]

Are you saying society is responsible for my sins? Because of the tool of choice was allowed by society? What happens when the weapon is one that is not allowed by society oh like mustard gas for an example?

You cant be responsible for more then your fair share.

 

[chickened]

You cant be responsible for more then your fair share. 

Maybe we should ban commercial airliners. Does society allow commercial airplanes? Blaming society for personal choices is absolutely absurd.