What's wrong with lowering corporate taxes?
What's wrong with lowering corporate taxes?
James Myers
William Stewart
You mean besides the fact that trickle down Economics in every way has been proven not to work and has led to the most skewed distribution of weath the world has ever seen..... Nothing.
Grayson Adams
>it doesn't work because poor people don't get an equal share to rich people
But they get a share
>yeah, but it isn't an equal share, so it doesn't work
But if you raise corporate taxes, the wine bottle moves to another country and the poor don't get anything
>give us an equal share or don't give us anything. derp
Blake Collins
>lowering corporate taxes
Mainly benefits the equity owners of corporations.
Wait a sec. The largest class of equity owners are pension funds. So all those school teachers, electricians, factory workers, etc. are profiting at our expense.
Ryan Perez
Corporations aren't people. Fuck 'em. Let 'em all die. We should do things for the benefit of human beings, not business. Restart it all and hopefully we'll have learned from our current mistakes. I say this as someone who is trying to start a new business. If my own business has to die in the crossfire, I'm okay with that.
Zachary Morris
Where did that person say "equal"?
Ryan Lopez
Given other recent tax drops, it looks like we're on the wrong side of the laffer curve to be dropping taxes right now. Which means we should in fact be raising them, and using the additional govt income to feed back into the community.
Mason Johnson
>has been proven not to work
The people who claim that trickle down economics doesn't work, i.e. leftists championing equity, ignore the fact that it has consistently boosted gdp. They ignore the fact that poor people actually get something because they're butmad about what they get not being an equal share.
Chase Carter
You should incorporate and reap the benefits that come with it for your business, though.
Jose Young
>most skewed distribution of weath the world has ever seen
Stop worrying about what everyone else has.
Charles Martinez
Trickle down economics is a meme made by American political activist
Cameron Miller
>using the additional govt income
What additional government income? Raising corporate taxes doesn't raise government income. It lowers it, because the middle class gets laid off and unemployment goes up.
Rich people don't pay taxes. Raising taxes on the rich will only result in them moving their money to lower tax rate in another country. The vast majority of government income comes from taxing the middle class.
Dominic Mitchell
Nothing to do with equal share but how do you explain wealth distribution gap getting 1000s of times bigger. Only income growth since 80s has gone to the top so gdp doesn't matter in this case
Jonathan Wilson
Still better than communism try harder pls
Jacob Rivera
>how do you explain wealth distribution gap getting 1000s of times bigger.
The rich have established a media monopoly they use to control the election process, ensuring no politician will fuck with said monopoly or their tax loopholes.
>youtube.com
But the distribution of wealth not being equal isn't the same thing as wealth not being distributed at all. A portion, though not a fair share, does in fact get distributed when corporate taxes are cut.
Chase Walker
Op here. I agree with you. It is better than communism.
Leo Cox
Re-read what I posted.
I basically addressed what you said.
Beyond a certain threshold (which varies, constantly) yes, raising corporate taxes can cause a drop in income. Below that threshold, it increases it.
As for rich tax flight etc... sorta. Not as simple as that. And in the US's case specifically, it chases tax for citizens overseas anyway.
Brody Murphy
fun fact all of the nordic countries bernie raves about have a lower corporate tax rate than we do. Also their social security and school systems are privatized
Mason Gutierrez
They don't move their money as citizens. They move their money overseas as LLC
Brody Torres
> as LLC
which makes it subject to corporate taxes...
David Brooks
you paid for wall street's bailout dummy
Lincoln Nguyen
Nope. Not if they make their LLC income zero through tax loopholes
Chase James
how do you think the boomers got their money?
Chase Rogers
works more than you do kid
Landon Smith
Not that user, but he's sort of right. Although only a few corporations go without paying any taxes, most of them pay substantially less than required by law.
Here is an in depth analysis:
itep.org
Jaxson Rodriguez
not bias or anything right?
Justin Brooks
Connor Rivera
Ok Unibomber.
Henry Morris
so you no reading comprehension
Elijah Morales
Abolish all taxes.
Oliver Green
so youre say it does trickle down
Caleb Peterson
>so you have no reading comprehension
ftfy
Brody Bell
yes
Kevin Young
lowering corporate taxes unfairly shifts the burden of socially paid-for programs to individuals, yet still allows the corporations to draw upon those programs in addition to many corporate subsidies that exist. Effectively: socialism for the corporation, but debt for you.
Jacob Adams
It's not so much as a generic lowering of taxes but the fact is that corporations brings jobs over to China and India cause they got more lax environmental laws and less environmental tax shit.
Hudson Ross
Raising corporate taxes doesn't fix that problem. It just results in an increase in middle class unemployment.
Yes, the rich have made corruption legal. Yes, the rich have used that legalized corruption to obtain most of the wealth generated by our economy. The world isn't ideal, but lets be pragmatic about this problem.
Xavier Morales
>government keeps complaining about debt
>decides to lower their own earnings
that's a recipe for success
Parker Price
lowering corporate taxes is not trickle down economics
Lowering corporate taxes keeps America competitive so they just dont go somewhere else, which means jobs stay here, which means unemployment is low, which means businesses now have to compete for workers which means higher wages.
>hurr durr the rich get richer!! muh 1%!!!
brainlet detected
Isaac Taylor
Tis true, but their gonna win the sheep vote eventually and we are all going to be eating our zoo animals.
Aiden Bennett
>Corporations aren't people.
You're quite literally retarded, aren't you?
Corporations are quite literally hundreds of thousands, if not fucking millions, of people, and indirectly a whole lot more than that!!
>Fuck 'em. Let 'em all die.
Okay, retard-burger, tell me exactly what you'd do if Nike, Adidas, Walmart, Target, Apple, Starbucks, Shell, BP, Exxon, GE, Boeing, Airbus, Sikorsky, Aeroflot, BMW, GM, Ford, Toyota, Subaru, Netflix, Hulu, all the TV stations, all the movie lots, ALL the ISP's, etc. etc. etc. etc. etc., all hung up an "out of business" sign tomorrow? What would you do with yourself then!?
Joshua Lee
fta:
What do you think would happen to all the millions upon millions of people these aforementioned corporations hired would do if said corporations were dissolved? You're literally advocating the starvation deaths of millions of people when you say shit like this.
>think, it ain't illegal yet.
Michael Edwards
What would they do? Venezuela brilliantly answers that question.
David Perez
Corporations have the means to pay. Ideally we would be lowering spending and so higher taxes would not be needed. But if more taxes are needed, it makes sense to impose them on the people who have the most to give.
Ethan Lopez
Exactly.
Anthony James
So it is as I expected. Liberals are suffering from the mistaken belief that corporate taxes are the primary source of government revenue.
Isaiah Murphy
the government still doesn't perform necessary tasks that a government should perform
Ayden Ward
Because it does. Where the fuck else would the government make it's money?
It isn't like anyone else has any money. The corporations have all of it.
Jason King
1. Income taxes paid by individuals: $1.48 trillion, or 47% of all tax revenues.
2. Payroll taxes paid jointly by workers and employers: $1.07 trillion, 34% of all tax revenues.
3. Corporate income taxes paid by businesses: $341.7 billion, or 11% of all tax revenues.