Comments on: Why do democrats want to tax corporations? http://www.moneysnatchers.com/news/why-do-democrats-want-to-tax-corporations/ Thu, 10 Dec 2009 09:16:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: frediwhite@verizon.net http://www.moneysnatchers.com/news/why-do-democrats-want-to-tax-corporations/#comment-267 frediwhite@verizon.net Mon, 02 Mar 2009 17:37:17 +0000 http://www.moneysnatchers.com/government/why-do-democrats-want-to-tax-corporations/#comment-267 There was one year when the secretary to the boss of GM paid more in taxes than GM did. Democrats harbor this quaint old-fashioned notion of 'fairness." We also think that consumer purchasing power is what keeps the economy going, and giving too much of the GDP to a few doesn't work because they cannot consume that much. Give a million people $1 each to buy bread and you sell a million dollars' worth. Give one man a million dollars, he spends $1 for bread and sends the other $999,999 to some offshore account. If that's too complex for you I can simplify it some more. There was one year when the secretary to the boss of GM paid more in taxes than GM did.

Democrats harbor this quaint old-fashioned notion of ‘fairness.”

We also think that consumer purchasing power is what keeps the economy going, and giving too much of the GDP to a few doesn’t work because they cannot consume that much. Give a million people $1 each to buy bread and you sell a million dollars’ worth. Give one man a million dollars, he spends $1 for bread and sends the other $999,999 to some offshore account.

If that’s too complex for you I can simplify it some more.

]]> By: ryanks@ymail.com http://www.moneysnatchers.com/news/why-do-democrats-want-to-tax-corporations/#comment-266 ryanks@ymail.com Sun, 01 Mar 2009 21:53:00 +0000 http://www.moneysnatchers.com/government/why-do-democrats-want-to-tax-corporations/#comment-266 You can either put the tax on the consumer or the firm. Theoretically it should work out all the same. The tax on the product does not always go directly into the price that is determined by tax incidence. Putting the tax on the consumer is supposed to give the corporation options to raise wages, increase employment and lead to further research and development. But as we have seen with this economic crisis putting the responsiblilty of having extra money doesnt always lead to employment and higher wages, greed takes over and the focus is on profits rather than the good. You can either put the tax on the consumer or the firm. Theoretically it should work out all the same. The tax on the product does not always go directly into the price that is determined by tax incidence. Putting the tax on the consumer is supposed to give the corporation options to raise wages, increase employment and lead to further research and development. But as we have seen with this economic crisis putting the responsiblilty of having extra money doesnt always lead to employment and higher wages, greed takes over and the focus is on profits rather than the good.

]]> By: Jon http://www.moneysnatchers.com/news/why-do-democrats-want-to-tax-corporations/#comment-265 Jon Sat, 28 Feb 2009 10:32:03 +0000 http://www.moneysnatchers.com/government/why-do-democrats-want-to-tax-corporations/#comment-265 It baffles the mind Imagine NO taxes on corporations, only tax (with our current system) income. Everyone would be working.. and paying taxes. Tax cuts let you keep your money, they don't want that. They want to take your money, then give some back to you in the form of pet projects, so they can say. "See what we did for you.. Aren't we great." It baffles the mind
Imagine NO taxes on corporations, only tax (with our current system) income.
Everyone would be working.. and paying taxes.
Tax cuts let you keep your money, they don’t want that.
They want to take your money, then give some back to you in the form of pet projects, so they can say. “See what we did for you.. Aren’t we great.”

]]> By: SwizzleStick http://www.moneysnatchers.com/news/why-do-democrats-want-to-tax-corporations/#comment-264 SwizzleStick Thu, 26 Feb 2009 15:20:32 +0000 http://www.moneysnatchers.com/government/why-do-democrats-want-to-tax-corporations/#comment-264 Supply side economics=FAIL. For proof, see our economy. Supply side economics=FAIL.

For proof, see our economy.

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