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Author Topic:   Weekend at Bernie's
Theodoric
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Posts: 9208
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 3.4


(2)
Message 34 of 36 (773967)
12-11-2015 2:04 PM
Reply to: Message 31 by Hyroglyphx
12-09-2015 8:43 PM


You need to learn the difference between marginal tax rates and effective tax rates. That and basic economics.
What happens when we have a high marginal tax rate? High tax rates do not stifle corporate growth. They stimulate it. How you ask? Instead of paying CEO's 10's or 100's of millions, corporations reinvest it in the workers and capital projects. If a company can pay its CEO $100 million with everything over $5 million is taxed at 70%, they are more likely going to pay him $5 million and invest in their workers and the business. This is an important, necessary and right purpose of government. The purpose of government is not to allow and justify that some people make unlimited income. Corporate America was much more stable and the middle class much stronger with higher tax rates. You are spouting right wing propaganda that the modern robber barons are feeding you.
LMGTFY - Let Me Google That For You

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.

This message is a reply to:
 Message 31 by Hyroglyphx, posted 12-09-2015 8:43 PM Hyroglyphx has replied

Replies to this message:
 Message 35 by Hyroglyphx, posted 12-12-2015 6:38 AM Theodoric has replied

  
Theodoric
Member
Posts: 9208
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 3.4


(3)
Message 36 of 36 (774101)
12-13-2015 10:31 AM
Reply to: Message 35 by Hyroglyphx
12-12-2015 6:38 AM


So you're saying the government won't tax a CEO that reinvests the money in the company but would tax him if he kept the earnings for himself?
Not at all what I said.
Why would I company pay anyone an amount taxed at 70% when that money could instead be used to reinvest in the company? Study some economics. Higher tax rates on corporations and people have shown repeatedly to stimulate growth by incentivizing the rich and corporations to reinvest the money in people and capital improvements instead of hoarding it in bank accounts.
If so, that's not even remotely true since corporations are taxed as if they are people.
Though that has nothing to do with what I said, it isn't even true.
LMGTFY - Let Me Google That For You
Then by contrast are you spouting left wing propaganda from the modern socialists and communists?
Actually I am using facts and supported arguments, not propaganda.
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.

This message is a reply to:
 Message 35 by Hyroglyphx, posted 12-12-2015 6:38 AM Hyroglyphx has not replied

  
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