Ideals VS Realities

[red states rule]

As usal Thomas Sowell hits it out of the parkand tries to educate those who think higher taxes is the answer





snip


Many of us never thought that the Republicans would hold tough long enough to get President Obama and the Democrats to agree to a budget deal that does not include raising income tax rates. But they did -- and Speaker of the House John Boehner no doubt desires much of the credit for that.

Despite the widespread notion that raising tax rates automatically means collecting more revenue for the government, history says otherwise. As far back as the 1920s, Secretary of the Treasury Andrew Mellon pointed out that the government received a very similar amount of revenue from high-income earners at low tax rates as it did at tax rates several times as high.

How was that possible? Because high tax rates drive investors into tax shelters, such as tax-exempt bonds. Today, as a result of globalization and electronic transfers of money, "the rich" are even less likely to stand still and be sheared like sheep, when they can easily send their money overseas, to places where tax rates are lower.

Money sent overseas creates jobs overseas -- and American workers cannot transfer themselves overseas to get those jobs as readily as investors can send their money there.
All the overheated political rhetoric about needing to tax "millionaires and billionaires" is not about bringing in more revenue to the government. It is about bringing in more votes for politicians who stir up <NOBR>class (http://www.debatepolicy.com/#)</NOBR> warfare with rhetoric.

http://townhall.com/columnists/thomassowell/2011/07/29/ideals_versus_realities

[J.T]

Money sent overseas creates jobs overseas


Tarrifs on goods produced in nations which fail to enforce labour and environmental standards comparable to our own solve those problems


It is about bringing in more votes for politicians who stir up <nobr>class (http://www.debatepolicy.com/)</nobr> warfare with rhetoric.



Class warfare? You mean cutting the corporate taxes nobody pays, cutting funding for WIC, and keeping the subsidies for corporate jets and the petroleum and corn ethanol industries?

[red states rule]

Tarrifs on goods produced in nations which fail to enforce labour and environmental standards comparable to our own solve those problems


Class warfare? You mean cutting the corporate taxes nobody pays, cutting funding for WIC, and keeping the subsidies for corporate jets and the petroleum and corn ethanol industries?

So how will a trade ar help? We hit their goods with tarrifs (taxes) and they hit our stuff with tarrifs (taxes)

Customers, employees pay the corporate tax. We have the 3rd highest corporate tax rate in the world and it is part of the cost of doing business. It is passed on to customers and employees to pay. BY lowering or getting rid of the tax you would see huge investments and expansions in the private sector.


Repealing Obamacare would also be a good move. It would allow companies to hire without the fear of the additional cost in the next few years

The corporate jet tax credit was in Obama's "stimulus" to encourage the manufacture, sale, and servie of those jets. The tax credit is such an amount that you would have to collect the tax for several hundred years to cover one year of Obama's debt

The same for tax credits to oil companies on writie offs for equipment

The biggest drain of the budget is "entitlements". The very word tells you the problem. People think they are entitled to something and they do not care if someone else pays for it.

Massive reforms are needed or the nation will go the way of Greece

OK JT - class dismissed

[J.T]

So how will a trade ar help? We hit their goods with tarrifs (taxes) and they hit our stuff with tarrifs (taxes)
What we do export (eg: aircraft), not many others produce like we can.

But hey, maybe you like your children getting dosed with GHB (http://articles.cnn.com/2007-11-08/us/toy.recall_1_aqua-dots-julie-vallese-spin-master?_s=PM:US)when they put their toys in their mouths, Perhaps you like seeing American factories shut down and losing your job. Perhaps you like giving your children heavy metal poisoning (http://www.physorg.com/news182367485.html). Perhaps you like seeing America become he greatest importer, dependent on foreign production and unable to sustain herself. Perhaps you like knowing that our boys in the military are going to die because their equipment was made by a nation run by a Party sworn to destroy us and- not surprisingly- doesn't work.


http://www.youtube.com/watch?v=XCFjpOXR4J4



Last year, Business Week published a long report
that the shoddy electronic components from China
got into the US military, and were used
on military aircraft and warships.

The report says that at Robins Air Force Base
in Georgia, fake electronic chips were found
in F-15 fighter plane's computers.
Hundreds of shoddy routers made in China
were sold to the US army, navy and air force.

But hey, maybe you like dead American soldiers...


We have the 3rd highest corporate tax rate in the world

:lol:

Not when they don't pay it. Hell, GE and several Oil Companies have a negative tax rate- they pay nothing and we give them subsidies.

You need a serious reality check.



it is part of the cost of doing business.

Dead soldiers and children, you mean? Your job, you mean?






The biggest drain of the budget is "entitlements". The very word tells you the problem. People think they are entitled to something and they do not care if someone else pays for it.


I agree. Let's get rid of Tricare and stop taking people's money from their paychecks in order to pay people for jobs they no longer work at (you know, retired soldiers, retired congressfolk, Bill Clinton and George Bush)

[red states rule]

What we do export (eg: aircraft), not many others produce like we can.

But hey, maybe you like your children getting dosed with GHB (http://articles.cnn.com/2007-11-08/us/toy.recall_1_aqua-dots-julie-vallese-spin-master?_s=PM:US)when they put their toys in their mouths, Perhaps you like seeing American factories shut down and losing your job. Perhaps you like giving your children heavy metal poisoning (http://www.physorg.com/news182367485.html). Perhaps you like seeing America become he greatest importer, dependent on foreign production and unable to sustain herself. Perhaps you like knowing that our boys in the military are going to die because their equipment was made by a nation run by a Party sworn to destroy us and- not surprisingly- doesn't work.


http://www.youtube.com/watch?v=XCFjpOXR4J4




But hey, maybe you like dead American soldiers...


:lol:

Not when they don't pay it. Hell, GE and several Oil Companies have a negative tax rate- they pay nothing and we give them subsidies.

You need a serious reality check.





Dead soldiers and children, you mean? Your job, you mean?





I agree. Let's get rid of Tricare and stop taking people's money from their paychecks in order to pay people for jobs they no longer work at (you know, retired soldiers, retired congressfolk, Bill Clinton and George Bush)

OK Just Trollin' what is the purpose of you being here?

[Missileman]

I agree. Let's get rid of Tricare and stop taking people's money from their paychecks in order to pay people for jobs they no longer work at (you know, retired soldiers, retired congressfolk, Bill Clinton and George Bush)

Right after you end food stamps, welfare, unemployment payments, research on shrimp treadmills, medicare fraud, any and all benefits for illegals...end all that and I'll start mailing my retirement check back to Uncle Sugar. It amazes me the number of assholes around that want to always start with folks who actually EARNED their benefits.

[red states rule]

and when the insane waste is ended. Waste like this in the "stimuls" bill




The 102 worst ways the government is spending your tax dollars:
102: Protecting a Michigan insect collection from other insects ($187,632)
101: Highway beautified by fish art in Washington ($10,000)
100: University studying hookup behavior of female college coeds in New York ($219,000)
99: Police department getting 92 blackberries for supervisors in Rhode Island ($95,000)
98: Upgrades to seldom-used river cruise boat in Oklahoma ($1.8 million)
97: Precast concrete toilet buildings for Mark Twain National Forest in Montana ($462,000)
96: University studying whether mice become disoriented when they consume alcohol in Florida ($8,408)
95: Foreign bus wheel polishers for California ($259,000)
94: Recovering crab pots lost at sea in Oregon ($700,000)
93: Developing a program to develop "machine-generated humor" in Illinois ($712,883)
92: Colorado museum where stimulus was signed (and already has $90 million in the bank) gets geothermal stimulus grant ($2.6 million)
91: Grant to the Maine Indian Basketmakers Alliance to support the traditional arts apprenticeship program, gathering and festival ($30,000)
90: Studying methamphetamines and the female rat sex drive in Maryland ($30,000)


Read more: http://www.foxnews.com/on-air/hannity/blog/2010/03/12/waste-102-the-final-list/#ixzz1TiF3HTZs