2012 Presidential Election (free for all edition)

[Dirtbag59]

I don't get why creating a climate thats business friendly within reason is a bad thing.

Say you increase the corporate tax rate to 35% instead of Romneys 25% proposal and all of a sudden an evil corporation making $100 million is paying $35 million instead of $25 million.

How many people can be hired with that extra $10 million. How many extra capital assets could be bought. How much R&D could be done with an extra $10 million. And we're going to trust that money to a dysfunctional government?

The bottom line is corporations don't care. They go where it's in their best interest. It's not personal to them. You raise taxes, force them to buy equipment to conform to ridiculous EPA regulations, raise capital gain taxes discouraging people from investing in the stock market and you can watch them go elsewhere along with potential jobs. They want to stay here. Logistically it's better to stay in the States closest to most of their customers, heck a lot of companies want to stay in the States but we're making it harder and harder.

You already see it within the country where practically the only reason anyone stays in New York, DC, and LA is because enough power brokers and decision makers have decided to stay there (ie Networking).

Meanwhile countless companies have moved to lower cost business friendly cities like Dallas Houston, and Atlanta to the point where those respective cities are ranked right behind New York for the highest number of corporate HQ's.

Bottom line we keep trying to punish the companies that could be giving us jobs and producing better and better products with higher taxes, costly regulations, and a population thats finding it harder and harder to invest in the stock market (which saw a lot of middle class people move up a few classes during the bull markets of the 80's and 90's).

We need to drop the grudge with Wall Street and let them get back work and in turn put people back to work. Granted regulations have their place and are vital to fair play but many of the laws passed by this administration have been overkill

[NC_Skins]

Originally Posted by Dirtbag59

I don't get why creating a climate thats business friendly within reason is a bad thing.

Say you increase the corporate tax rate to 35% instead of Romneys 25% proposal and all of a sudden an evil corporation making $100 million is paying $35 million instead of $25 million.

I don't think the corporate tax rate should be raised, it should be lowered, but ALL tax loop holes should be closed at the same time. No idea where you get this. I'll ignore that ridiculous "evil corporation" comment as it's misguided and inaccurate to say the least.

Originally Posted by Dirtbag59

How many people can be hired with that extra $10 million. How many extra capital assets could be bought. How much R&D could be done with an extra $10 million. And we're going to trust that money to a dysfunctional government?

10 million? That's cute. How about you try 5 TRILLION dollars. Here people were thinking that corporations were doing bad. Nope, record setting profits and the CASH to prove it.

Idle corporate cash piles up | David Cay Johnston



Might want to rethink that because I think 5 trillion dollars put back into the economy can make the world of difference.

Originally Posted by Dirtbag59

The bottom line is corporations don't care. They go where it's in their best interest. It's not personal to them. You raise taxes, force them to buy equipment to conform to ridiculous EPA regulations, raise capital gain taxes discouraging people from investing in the stock market and you can watch them go elsewhere along with potential jobs. They want to stay here. Logistically it's better to stay in the States closest to most of their customers, heck a lot of companies want to stay in the States but we're making it harder and harder.

Not true. Even if they DO move overseas, who do you think is going to have the purchasing power to buy their products? The people in the 3rd world country they're at? No, their customers will still be back in the states. Legislation can be passed to deal with companies like this, much like it should be passed on these rich people dropping their US citizenship to avoid taxes. Fine, you want to leave the US, then you stay gone and your products don't enter our country. Somebody will take their place?

Originally Posted by Dirtbag59

Bottom line we keep trying to punish the companies that could be giving us jobs and producing better and better products with higher taxes, costly regulations, and a population thats finding it harder and harder to invest in the stock market (which saw a lot of middle class people move up a few classes during the bull markets of the 80's and 90's).

Explain to me how we are "punishing" companies when I showed you directly that they are hording cash? Companies are fine. It's small businesses that need the help.

Originally Posted by Dirtbag59

We need to drop the grudge with Wall Street and let them get back work and in turn put people back to work. Granted regulations have their place and are vital to fair play but many of the laws passed by this administration have been overkill

Hilarious. Explain to me how the Wall Street fiasco happened. De-regulation. Yes, all this happened because of deregulation that happened back during Clinton's term. So, you think deregulating is going to solve it, when history shows you otherwise?


Deregulate EPA restrictions = Companies will abuse the environment

Deregulate Banking industry = Banks will perform recklessly

Deregulate the workers environment = Corporations will create a unsafe environment

(and this applies to the food, drug and health care industries)

You said it yourself. Corporations do not care, and this applies to anything. The are void of morality and conscience. In a perfect world, deregulation would indeed be unnecessary, but as long as humans are involved, it'll be needed to keep corruption in check. Wonder how long its going to take for RedskinsRat to come up with these damn robots we need to run things?. Jesus christ on a cracker he's holding up society's greatness!!

I will agree with you that there are probably too many restrictions on businesses, but I think many of these restrictions probably should be removed for small businesses. I wouldn't put it past many of the larger companies to lobby for these types of legislation in order to stifle competition in their markets.

[NC_Skins]

Also, when people grip about the 1% not paying their fair share, the really are talking about the .0025%. It doesn't take much income to hit the 1%, and most of those guys are probably not tax dodging. It's the super wealthy that are dodging taxes. The Mitt Romneys, Koch brothers, Warren Buffet.....

You don't think these guys below paid big time for legislation for these types of loopholes?


The fortunate 400 | David Cay Johnston

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each. This is one of many stunning revelations in new IRS data that deserves a thorough airing in this year’s election campaign.

To give this a sense of scale, the top 400 are financial giants compared to Mitt Romney. It took Romney a quarter century of smart work to build up a fortune that his campaign says is between $190 and $250 million. The top 400 made about that much in one year.

Romney says that those of us who tell these hard facts about the zero-to-low tax burdens of the richest Americans are promoting class warfare. Income inequality, according to Romney, should be discussed only “in quiet rooms.”

If you agree with Romney then keep quiet. If not, now is the time to spread the word and encourage robust and thoughtful debate, just as the framers of our Constitution intended.

[NC_Skins]

Has my credibility been restored yet Sammy?

[Giantone]

Originally Posted by NC_Skins

Has my credibility been restored yet Sammy?

....well done!

[Slingin Sammy 33]

Originally Posted by NC_Skins

Has my credibility been restored yet Sammy?

While I don't agree with most of your premises/positions, the above two posts are far better than assclowns and other name-calling.

[NC_Skins]

Originally Posted by Slingin Sammy 33

While I don't agree with most of your premises/positions, the above two posts are far better than assclowns and other name-calling.

I refer to politicians as assclowns because a good majority of them are assclowns. (as noted by our current state)

[Slingin Sammy 33]

Originally Posted by NC_Skins

I don't think the corporate tax rate should be raised, it should be lowered, but ALL tax loop holes should be closed at the same time. No idea where you get this. I'll ignore that ridiculous "evil corporation" comment as it's misguided and inaccurate to say the least.

Great news, you're on-board with the Ryan plan...which lowers the corporate tax rate and closes many (not all) corporate tax loopholes.

I'm a FairTax person so I say no corporate taxes at all. Want to energize the economy....implement FairTax and watch corporations flock to the U.S. Our unemployment will be sub-4%.

10 million? That's cute. How about you try 5 TRILLION dollars. Here people were thinking that corporations were doing bad. Nope, record setting profits and the CASH to prove it.

Idle corporate cash piles up | David Cay Johnston



Might want to rethink that because I think 5 trillion dollars put back into the economy can make the world of difference.

Good article. In the current economic and regulatory climate (thank you Obama/Dems) it would be stupid to try to expand a business and hire. The highest cost to a company is always labor/manpower, hence we have record profits and a jobless recovery. With the technologies we have, why would you pay 10 times the labor cost for a function to be completed?

Explain to me how we are "punishing" companies when I showed you directly that they are hording cash? Companies are fine. It's small businesses that need the help.

Pending tax increases on business if Obama re-elected, increased healthcare costs/regulations to companies in Obamacare, higher energy costs due to Obama being bought/paid for by the environmental lobby, new rules from the NLRB that protect unions (not union-workers, but the unions as an entity), ridiculous and costly EPA regulations, Dodd-Frank costs including manhours (24M).

And while these costs hurt large corporations (who will ultimatey pass costs on to consumers), they strangle and kill small-business. Don't believe me, just go by any strip mall and look at all the "for lease" signs.

Jobs Sputter as Laws and Regulators Go Wild - Forbes

U.S. Banks’ Dodd-Frank Costs May Widen to $34 Billion, S&P Says - SFGate

Dodd-Frank costs US financial sector 24 million man-hours per year for compliance « Hot Air

Hilarious. Explain to me how the Wall Street fiasco happened. De-regulation. Yes, all this happened because of deregulation that happened back during Clinton's term. So, you think deregulating is going to solve it, when history shows you otherwise?

The Wall St. collapse was triggered by toxic mortgage assets which stemmed from gov't intervention in the market. Most other problems we have in an industry or the economy stem from govt's unnecessary interference.

You said it yourself. Corporations do not care, and this applies to anything. The are void of morality and conscience.

and this is how they should operate. There were plenty of regulations in place during the Reagan/Clinton/Bush years of prosperity and no corporations wre running willy-nilly destroying everything in their path. Some were environmentally irresponsible, they got sued or fined and were an example for others. Let a bank or two go belly up and find out how the other banks quickly regulate themselves. Corporations aren't going to do things which hurt their public image or could get them sued....that's what keeps them in check.