Bend over sheeple! (Page 4): :sm24: :sm24: :sm24: :sm24:...

phlash46 Loc: Westchester County, New York

thom w wrote:

It's been years since prices were based on cost. T... (show quote)

National Park

Fotoartist wrote:

True. But those people getting hit with the exorbitant tax rate are the ones who create jobs for middle income and poor people. Disincentivize them and the ripple effect in the economy will hurt everyone under them.

Nonsense. The massive Trump tax cut that was supposed to create jobs did little to create jobs. There is no reason to believe that reimposing only a small portion of those taxes would hurt the economy.

RAR_man Loc: stow, MA

idaholover wrote:

https://taxfoundation.org/democrats-top-income-tax-rate/

One of the most un-American policies is taxing people at different rates. My dream? Every one taxed at the same rate (individuals, corporations). Almost no loopholes. I would allow deductions for charitable contributions. I'd also allow deductions for creating jobs.

I've looked at numbers and analyses in the past and between 10% with no major loopholes would do the trick. Taxing the rich is nothing more than vindicative and jealousy. Who creates the jobs in America? Its typically not the low income earner. Its generally middle class and upper income people.

JamesCurran Loc: Trenton ,NJ

RAR_man wrote:

I've looked at numbers and analyses in the past and between 10% with no major loopholes would do the trick. Taxing the rich is nothing more than vindicative and jealousy. Who creates the jobs in America? Its typically not the low income earner. Its generally middle class and upper income people.

This is the great lie of the Right-wing: jobs are "created" by rich people who do so to share their wealth with their workers out of charity.

This is, of course, complete nonsense.

Jobs are created by consumers. Period.

RAR_man Loc: stow, MA

nobody believes rich create jobs to share wealth. Rich create jobs to become richer. Nothing more. Most all strive to be able to live better. This goes back to earliest human history. Trade this rock for that to make life better. Trade this tool for that rock to make life better. Accumulate more tradable goods to make life better.

Socialism creates mediocrity. Takes away incentives. Lowers drive. We all believe that those in need require societal help, but that should be a relatively few. Now, more than 50% dont pay taxes because they fall below the poverty level. why is that? In many cases, it is easier to live off welfare than to work for a living. I'll be the first to offer help to those truly in need. I'm totally against socialism. Totally against the welfare system in place and totally for rewarding those that create jobs and contribute to society.

letmedance Loc: Walnut, Ca.

JamesCurran wrote:

This is the great lie of the Right-wing: jobs are "created" by rich people who do so to share their wealth with their workers out of charity.

This is, of course, complete nonsense.

Jobs are created by consumers. Period.

Charity, surely you Jest. Employers pay an individual for the products of his mind and his skills. The need for jobs is created by the consumer but their must be an Entrepreneur to create the Job, someone with resources to form a business to produce the product.

JamesCurran Loc: Trenton ,NJ

RAR_man wrote:

nobody believes rich create jobs to share wealth. Rich create jobs to become richer. Nothing more.

Nobody?? Don't be silly. They may not use those words, but that's effectively the GOP's basic economic policy: We must give more money to rich people, so they will give jobs to poor people. AND, you must praise them for "creating" those jobs.

JamesCurran Loc: Trenton ,NJ

letmedance wrote:

Charity, surely you Jest. Employers pay an individual for the products of his mind and his skills. The need for jobs is created by the consumer but their must be an Entrepreneur to create the Job, someone with resources to form a business to produce the product.

If the consumer demand goes away -- the job goes away.
If consumer demand doubles --- twice as many jobs are created.

letmedance Loc: Walnut, Ca.

JamesCurran wrote:

If the consumer demand goes away -- the job goes away.
If consumer demand doubles --- twice as many jobs are created.

We are talking the same thing not an argument. The only thing i can offer is that someone has to have the capital to produce goods, that is who I am speaking of. The demand can be awesome as it is in Venezuela but with no capital to produce the job cannot be created. Have a nice evening. Sir

btbg

phlash46 wrote:

If you are trying to make it as an economist don't quit your day job. Your "analysis" is wrong on so many levels I don't know where to begin.

So you don't believe that when you raise corporate taxes it raises the cost of goods and services for everyone? Or maybe you don't believe that the rich will work very hard to lower their taxable income, thus leading to a budget shortfall? What exactly do you believe is wrong in my analysis. It is what they at least used to teach in economics 101. Who knows what they teach now.

btbg

phlash46 wrote:

The subject here is personal rates, not corporate. Reading comprehension is something you could learn if you put your mind to it.

The subject is both. Biden's tax proposals include both personal and corporate increases. And, it doesn't matter which one it is. If your taxes go up and you can do anything about it you will. The rich have plenty of tools to minimize their tax liability. Unfortunately the biggest is to just quit making as much money. Don't hire as many people, shut down some of your business ventures, and voila, you don't have to pay as much in taxes. But, who does it hurt? Not the rich guy. It hurts everyone else.

btbg

JamesCurran wrote:

This is the great lie of the Right-wing: jobs are "created" by rich people who do so to share their wealth with their workers out of charity.

This is, of course, complete nonsense.

Jobs are created by consumers. Period.

That is just nuts. Somebody has to have enough money to open a business and hire people. You can have all the consumers in the world, but if you do not have a product you do not have sales.

The poor do not hire people to work for them. The wealthy do. Without consumers there is no reason to make a product, but without money there is no product for consumers to buy.

JamesCurran Loc: Trenton ,NJ

btbg wrote:

That is just nuts. Somebody has to have enough money to open a business and hire people. You can have all the consumers in the world, but if you do not have a product you do not have sales.

That is why banks make business loans.

idaholover Loc: Nampa ID

RAR_man wrote:

nobody believes rich create jobs to share wealth. ... (show quote)

I never got a job from a poor man. On the other hand I never thought rich people owed me a job. It was up to me to provide for myself and family by earning a job until the opportunity was ripe to go out on my own and make considerably more than when I worked for others. I also learned that along with that came other responsibilities and obligations I had never before experienced.

btbg

JamesCurran wrote:

That is why banks make business loans.

You can't get a business loan unless you have adequate collateral. That still means that you have to have money to start a business.