Quote:
Originally Posted by lustylad
Wow... you truly ARE delusional!
Let's try this - imagine if you could wave a magic wand and make all of those evil corporations disappear. That means all of the goods and services they generate would disappear as well. There would be no production, no jobs, no income to be taxed, no wealth to be redistributed.
Think about that...
The only reason government has something to tax is because there is a private sector that actually churns out goods and services that people want! If you take that away, you kill the goose that lays the golden eggs!
Get my drift?
The money belongs to the people who labor and take risks and create goods and services to earn it. Without them there would be nothing to tax. So if the government allows a so-called "loophole" to lower your taxes, they're not giving you "extra income". They're just giving you back part of your own hard-earned money!
Get my drift?
It's pretty elementary, really!  |
Did you forget about all the jobs that multi-nationals send overseas because of the lower wages? It still doesn't excuse their not paying taxes by using corporate inversions. The US treasury needs the tax revenues. It's also unjust, in my opinion. Why shouldn't those corporations pay taxes on their profits? It's income, like any other type of income. When they don't pay taxes, the money is not going back into the economy, it's going into their pockets, usually into the pockets of their CEO's. Why shouldn't capital gains, stock dividends, and other investments be taxed just like wages, especially since they aren't earned from sweat and labor? Why shouldn't the payroll cap be raised so that social security won't go bankrupt? When a government has more money going out than coming in, something needs to be done or a crisis is inevitable. The super rich and multi-nationals can afford to pay a little more. And I'm talking a little more; it won't make a huge difference to them and will drive down the deficit. One reason we have the huge deficit right now is because of the tax cuts over the years, and increased spending in areas where it's not needed. A lot of increased spending goes to military non-essentials, in the form of "discretionary spending".
I agree that helping small businesses is a great idea. Giving government loans at low interest rates to help small businesses get started and other incentives would help build a local economy right here in America. That would also create jobs, local jobs. We could cut tax rates for profits created from local businesses, but not the multi-nationals who use corporate inversions to evade taxes. I believe that if the government gave more incentives to small business owners, which I think Obama wanted to do, we could create a more robust local economy right here without sending jobs overseas. Part of the problem is that these large corporations form monopolies and smash out the competition for smaller businesses. It just seems like large, multi-national corporations are running the economy and the White House!
