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Bigbadwooof
Trumps Bone Spurs



Registered: 12/07/13
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Donald Trump to lower corporate tax to 15% 2
#23717461 - 10/07/16 07:23 PM (7 years, 3 months ago) |
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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!
-------------------- "It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti FARTS "There is no need for conspiracy where interests converge" - George Carlin Every one of you should see this video. "If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy
 
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Morel Guy
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Re: Donald Trump to lower corporate tax to 15% [Re: Bigbadwooof]
#23717485 - 10/07/16 07:30 PM (7 years, 3 months ago) |
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You are gonna get the skin of the dick and nothing more.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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qman
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Registered: 12/06/06
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Re: Donald Trump to lower corporate tax to 15% [Re: Bigbadwooof]
#23717579 - 10/07/16 07:53 PM (7 years, 3 months ago) |
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Quote:
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!
Sometimes a tax cut can stimulate business activity, but not in the environment we are currently in today.
The companies will just hoard the cash and not reinvest it back into the general economy because demand remains weak.
What did US corporations do with the super low interest rates the past 8 years? Borrow money to buy back shares, not to grow the company.
Fal thinks super interest rates are great, yeah for the boys on Wall Street.
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Falcon91Wolvrn03
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Re: Donald Trump to lower corporate tax to 15% [Re: qman] 1
#23717975 - 10/07/16 10:14 PM (7 years, 3 months ago) |
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Quote:
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?
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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tump
ban the undead



Registered: 03/17/16
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Because it makes people who save their money worthless. If a cd pays out have a percent for five years whats the point in saving anything with cost of everything going up. Plan and simple. And yes company's are evil but how's it fair for the people who pay taxes to be burden more so the 50+% who don't pay taxes benefit. If you took all the money form everyone living in the united stated including past wealth it wouldnt equal this years usa budget. We are screwed either way. But any idiot who can't see what with high taxes that does nothing for us. Its the same arguement about increase wages if you increase wages then the people get let hours. There is a budget set out for workers the company can't increase that amount without raising prices. The can't eat the cost because there isnt a bug magical pile of money to do so. But they can't function with less work getting done nor can they increase prices because no one would buy a more costly product. So after a year or two that company with other fail and give up.
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Crumist
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Re: Donald Trump to lower corporate tax to 15% [Re: tump]
#23718550 - 10/08/16 06:59 AM (7 years, 3 months ago) |
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That is precisely the intent of the low interest rate: to (EDIT: de)incentivize saving and reward spending/investing/borrowing.
Edit above thanks to qman
Edited by Crumist (10/08/16 07:58 AM)
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qman
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Quote:
Falcon91Wolvrn03 said:
Quote:
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?
"How are low interest rates not good for everyone?"
Come on Fal, how are low rates good for savers? Also, it's killing banks and pension funds.
Low rates are also distorting the stock, bond and real estate markets. When markets readjust there will be major payback.
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qman
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Re: Donald Trump to lower corporate tax to 15% [Re: Crumist]
#23718629 - 10/08/16 07:39 AM (7 years, 3 months ago) |
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Quote:
Crumist said: That is precisely the intent of the low interest rate: to incentivize saving and reward spending/investing/borrowing.
No, low rates were meant to discourage saving and spur spending, but the opposite has occurred.
It also has unrewarded lending by the banks because of the low spread, therefore less borrowing.
The wealthy have decided to horde their money because low rates point to a weak economy.
All of the "intentions" never materialized.
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Crumist
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Re: Donald Trump to lower corporate tax to 15% [Re: qman]
#23718652 - 10/08/16 08:00 AM (7 years, 3 months ago) |
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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
-------------------- 'I am all for resources being allocated to the widowed single mother of 3, lost husband over seas fighting for our country. I am for vets getting mental health access and resources following war. I am not for free money cause a woman can't close her legs or some chump with low testosterone no going to work cause "i'm sad."' -finalexplosion Nice knowin ya'll! https://www.shroomery.org/forums/showflat.php/Number/23904704/vc/1#23904704
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qman
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Re: Donald Trump to lower corporate tax to 15% [Re: Crumist] 1
#23718676 - 10/08/16 08:14 AM (7 years, 3 months ago) |
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Crumist
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Re: Donald Trump to lower corporate tax to 15% [Re: qman]
#23718718 - 10/08/16 08:38 AM (7 years, 3 months ago) |
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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
-------------------- 'I am all for resources being allocated to the widowed single mother of 3, lost husband over seas fighting for our country. I am for vets getting mental health access and resources following war. I am not for free money cause a woman can't close her legs or some chump with low testosterone no going to work cause "i'm sad."' -finalexplosion Nice knowin ya'll! https://www.shroomery.org/forums/showflat.php/Number/23904704/vc/1#23904704
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qman
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Re: Donald Trump to lower corporate tax to 15% [Re: Crumist]
#23718724 - 10/08/16 08:44 AM (7 years, 3 months ago) |
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Quote:
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.
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hostileuniverse
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Re: Donald Trump to lower corporate tax to 15% [Re: Crumist]
#23718768 - 10/08/16 09:09 AM (7 years, 3 months ago) |
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Quote:
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
Exactly, there is simply no reason to keep these high tax rates, even as some are pushing to increase them
All taxes are passed on to the consumer, and to their employees through lower wages, as well, corporations never really pay them essentially
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,876
Loc: Foreign Lands
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Re: Donald Trump to lower corporate tax to 15% [Re: qman]
#23718956 - 10/08/16 10:20 AM (7 years, 3 months ago) |
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Quote:
qman said:
Quote:
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.
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. or fuck right off and sell their garbage in China and India.
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Like cannabis topics? Read my cannabis blog here
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Crumist
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Re: Donald Trump to lower corporate tax to 15% [Re: ballsalsa]
#23719113 - 10/08/16 11:13 AM (7 years, 3 months ago) |
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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
-------------------- 'I am all for resources being allocated to the widowed single mother of 3, lost husband over seas fighting for our country. I am for vets getting mental health access and resources following war. I am not for free money cause a woman can't close her legs or some chump with low testosterone no going to work cause "i'm sad."' -finalexplosion Nice knowin ya'll! https://www.shroomery.org/forums/showflat.php/Number/23904704/vc/1#23904704
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hostileuniverse
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Re: Donald Trump to lower corporate tax to 15% [Re: Crumist]
#23719310 - 10/08/16 12:24 PM (7 years, 3 months ago) |
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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
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,876
Loc: Foreign Lands
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Re: Donald Trump to lower corporate tax to 15% [Re: hostileuniverse]
#23720202 - 10/08/16 05:56 PM (7 years, 3 months ago) |
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Quote:
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?
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tump
ban the undead



Registered: 03/17/16
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Re: Donald Trump to lower corporate tax to 15% [Re: ballsalsa]
#23720455 - 10/08/16 07:24 PM (7 years, 3 months ago) |
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It wouldnt be seen in the goods and service's. You see no different in the economy
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hostileuniverse
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Re: Donald Trump to lower corporate tax to 15% [Re: ballsalsa]
#23720512 - 10/08/16 07:56 PM (7 years, 3 months ago) |
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Quote:
ballsalsa said:
Quote:
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?
Not all of it would pour back in overnight, plus we are 20 TRILLION in debt, please explain to me how the added revenue would be a bad thing
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
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Re: Donald Trump to lower corporate tax to 15% [Re: hostileuniverse] 1
#23720639 - 10/08/16 08:47 PM (7 years, 3 months ago) |
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i just did. repatriating all that dough would expose the American public to the full brunt of the inflation caused by massive, years long, quantitative easing. inflation would even devalue the additional tax revenue.
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