|
Register | Sign In |
|
QuickSearch
Thread ▼ Details |
|
Thread Info
|
|
|
Author | Topic: Down To The Wire 2012 >>POLITICS<< | |||||||||||||||||||||||||||||||||||||||
Theodoric Member Posts: 9205 From: Northwest, WI, USA Joined: Member Rating: 3.4
|
High taxes does stifle newer business development
Conventional wisdom but not based on facts. The highest growth period for business and productivity was during period of highest taxes in the US. You can research this, cuz you will just whine and bitch if I post a link. You say that can't be true. It is look at the figures. How can that be? It is smart tax policy. It is using tax policy to stimulate growth and investment. If corporations and individuals know they are going to be hit with a huge marginal tax rate they do things to lower the income. For example, XYZ is going to get hit with a 70% tax rate for profits over 100 million. It is going to show profits of $150 million. So what does a smart company do? It spends 50 million on business expansion. Why give government 70% when they can reinvest it in themselves? Instead of paying the CEO an extra 10 million a smart tax policy incentivizes the company to give the money to people lower down the totem pole or make capital investments. You say that wont work. History has shown you wrong already. Edited by Theodoric, : No reason given.Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness.
|
|||||||||||||||||||||||||||||||||||||||
Theodoric Member Posts: 9205 From: Northwest, WI, USA Joined: Member Rating: 3.4
|
Quote me saying that.
Was meant to be a rhetorical question. Sorry did not come across that way.You still have given no evidence for your premise. All you have is assumptions and conventional wisdom. Smaller businesses have it harder and relieving some of the taxes would help them. Their taxes are at historical lows. How much more taxes are they to be relieved of? Who do we pass the burden on to? Lowering taxes on small businesses does not stimulate growth. Business expenses are completely removed form their income. The tax is on the business owners income. If they spend more investing in their business or paying their employees more they will show less income, therefore pay less in taxes. Ignorance of how the tax system works allows the right to manipulate the electorate with crap like this. Small business is actually doing quite well in this economy. Not fantastic but better than the average person. Also, we now get into a discussion of what constitutes a small business. None of the talk of raising taxes is going to affect the VAST MAJORITY of small business owners.
Yeah, I'm not talking about those kinds of companies.
But they are the only ones affected by any tax changes being contemplated, so your point is moot. Also, the argument about not paying taxes on money reinvested into the company is the same no matter the size of the company. You really need to learn about US taxation policies and marginal tax rates if you want to have an intelligent argument about the subject.Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness.
|
|||||||||||||||||||||||||||||||||||||||
Theodoric Member Posts: 9205 From: Northwest, WI, USA Joined: Member Rating: 3.4
|
I'm saying that a reduction in these taxes could help small to medium sized business grow by reducing their cost to operate.
Amazing how evidence does not support you. Provide some evidence for this argument and I might consider it. Income taxes are assessed after operating costs. Lower taxes are not going to give them more operating income. Spending more on operations will reduce their income taxes. reducing income taxes just puts more money into the owners pocket. It does not stimulate the business. It is counter intuitive, but by reducing income tax you reduce the incentive to reinvest in and grow the business.Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness.
|
|||||||||||||||||||||||||||||||||||||||
Theodoric Member Posts: 9205 From: Northwest, WI, USA Joined: Member Rating: 3.4
|
"Democracy must be something more than two wolves and a sheep voting on what to have for dinner."
James Bovard The US is not a Democracy. It most closely resembles a Federal Republic.Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness.
|
|||||||||||||||||||||||||||||||||||||||
Theodoric Member Posts: 9205 From: Northwest, WI, USA Joined: Member Rating: 3.4 |
Basic one line difference is that in a pure democracy is majority rules. No exceptions. In a republic there is a constitution(or charter) that limits the majority and provides for individual and minority rights. In a pure democracy individual and minority rights are not considered.
James Madison is probably the founder most responsible for advocating against "Tyranny of the Majority". The Federal part is that by splitting up the country into states would prevent a national majority form infringing the rights of a minority, because they would not necessarily be a majority in all states.Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness.
|
|||||||||||||||||||||||||||||||||||||||
Theodoric Member Posts: 9205 From: Northwest, WI, USA Joined: Member Rating: 3.4
|
Well if all you have is a semantical argument then why are we arguing. You are arguing to argue, nothing more. Phat asked a question, I answered it with a technically precise answer.
Yes a Federal Republic is a form of democracy. But Phat wanted to know why that was different than a Democracy. The key is I am the one that originally stated the US was more of a Federal Republic than a Democracy so shouldn't what I meant by Democracy matter than what you mean? You win ok. Lets move on.Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness.
|
|||||||||||||||||||||||||||||||||||||||
Theodoric Member Posts: 9205 From: Northwest, WI, USA Joined: Member Rating: 3.4
|
Has there ever been a pure democracy?
Not on a national level too unwieldy and chaotic. Townhall democracy is practiced in places in New England. Not sure of other places. I know links are discouraged but maybe these will help us.
quote:Is the United States a democracy? quote:Is the U.S. a democracy or a republic? What's the difference? In actuality our government has become more democratic in last 200 years. Most founding fathers were afraid of Democracy. Rule by the masses was very scary for the elites of the time. For example, Senators were not direct elected until the last century. As I have looked at this question in depth I guess you have forced me to relook at terminology and how I state it. Here is how I would state it now.
The US is not a pure Democracy it is a Federal Republic using Representative Democracy. The USSR was a Federal Republic too, so the distinction of representative democracy is actually more important than I had considered in the past. Thank you for pushing me on this. I would not have relooked at my ideas if you had not.Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness.
|
|||||||||||||||||||||||||||||||||||||||
Theodoric Member Posts: 9205 From: Northwest, WI, USA Joined: Member Rating: 3.4 |
One of the ones that we have probably all learned about would be Ancient Athens.
The important thing to remember about this Democracy was that "the people" were defined as adult males.
quote:Source Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness.
|
|
|
Do Nothing Button
Copyright 2001-2023 by EvC Forum, All Rights Reserved
Version 4.2
Innovative software from Qwixotic © 2024