Bigbadwooof said:

Donald Trump has a novel idea - We should lower corporate tax rates to 15%. That way more businesses will want to set up shop in America, or stay here.

This is called Trickle Down Economics, or 'Reaganomics'. He's a real thinker, people. Innovator. He wants to give America a golden shower, moreso than any of his predecessors!

Trickle Down Reaganomics doesn't fucking work. It never has.

Can someone please explain to me what I don't understand about this?

Trump apologists unite!

---

qman said:

Fal thinks super interest rates are great, yeah for the boys on Wall Street.

---

Falcon91Wolvrn03 said:

qman said:

Fal thinks super interest rates are great, yeah for the boys on Wall Street.

---

How are low interest rates not good for everyone?  I recently  bought a house at a 30 year 3.0% fixed rate.  3.0% is pretty good imho.  Why would you argue that's not good?

---

Crumist said:

That is precisely the intent of the low interest rate: to incentivize saving and reward spending/investing/borrowing.

---

Crumist said:

I promise you that the (vast majority of the) wealthy aren't hording their money in savings accounts, in gold, or
under their mattresses. Their money is placed wherever their broker determines reward/risk is greatest

---

Crumist said:

You got me,I should have known better than pick a fight with the guy with coins as his avatar

That 22% of the wealth of billionaires is estimated to be in cash blows my mind

On the corporate tax rate: I've seen some convincing arguments for lowering or
eliminating it. Not because it will cause voodoo growth, but because large corporations
will never pay it and it falls unfairly on the smaller businesses. We need creative ways to
shift the burden on the walmarts and monsantos

---

Crumist said:

You got me,I should have known better than pick a fight with the guy with coins as his avatar

That 22% of the wealth of billionaires is estimated to be in cash blows my mind

On the corporate tax rate: I've seen some convincing arguments for lowering or
eliminating it. Not because it will cause voodoo growth, but because large corporations
will never pay it and it falls unfairly on the smaller businesses. We need creative ways to
shift the burden on the walmarts and monsantos

---

qman said:

Crumist said:

You got me,I should have known better than pick a fight with the guy with coins as his avatar

That 22% of the wealth of billionaires is estimated to be in cash blows my mind

On the corporate tax rate: I've seen some convincing arguments for lowering or
eliminating it. Not because it will cause voodoo growth, but because large corporations
will never pay it and it falls unfairly on the smaller businesses. We need creative ways to
shift the burden on the walmarts and monsantos

---

My solution, if corporations want the luxury of shipping operations out of the US and using loopholes to avoid paying taxes- then every US citizen receives a certain amount of dividend payments from the profits.

---

Quote:

ballsalsa said:How about, if corporations want the luxury of selling products in our consumer market at all, they can pay 50% of their non-executive payroll in the U.S.

---

Oooooh, I got a devilish idea. What if we instituted a tax that works out to be a % of the compensation given to executives

hostileuniverse said:

The top 50 companies in the US are holding 1.4 TRILLION offshore because they don't want to lose half of it as soon as it's brought into the US, lowering the corporate tax rate would give them a reason to move that money back here.

As long as it is offshore, the government gets nothing, 39% of nothing is still nothing

---

ballsalsa said:

hostileuniverse said:

The top 50 companies in the US are holding 1.4 TRILLION offshore because they don't want to lose half of it as soon as it's brought into the US, lowering the corporate tax rate would give them a reason to move that money back here.

As long as it is offshore, the government gets nothing, 39% of nothing is still nothing

---

The Fed has been creating 80 some-odd billion a month for years and years now.  What do you think would happen(inflation-wise)if 1.4 trillion poured back into the U.S. overnight?

---