nope
Original Post
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quote:Originally posted by bama in chi-town:
How anyone could think that removing job creating capital from an already strapped economy is a good thing is beyond ridiculous. We need a pres that will keep taxes low and start phasing out useless gov't programs.
Ideally that would be a libertarian.
quote:Originally posted by bama in chi-town:
I understand what you are saying and you are correct. However, when taxes are increased it takes $ out of the hands of the consumer and business owners which is ultimately, on the macro level, "job creating capital". The thing that should be asked is if that resource($)is put to better use by gov't or by the private sector? My vote goes with the private sector because the private sector has an incentive(profit) to use it efficiently whereas the gov't has no such incentive.
quote:Originally posted by MOBY:quote:Originally posted by bama in chi-town:
I understand what you are saying and you are correct. However, when taxes are increased it takes $ out of the hands of the consumer and business owners which is ultimately, on the macro level, "job creating capital". The thing that should be asked is if that resource($)is put to better use by gov't or by the private sector? My vote goes with the private sector because the private sector has an incentive(profit) to use it efficiently whereas the gov't has no such incentive.
He said it is patriotic for rich people to pay their fair share. At the same time, the taxes are to be lower for the middle class, who WILL put their dollars back into the economy. A rich person buying a more expensive European suit is not going to benefit the American economy.And experience has shown us that, the wealthy will invest the additional funds, not funnel them back into the economy. And they certainly would not spend them in small businesses. The only thing that trickles down is BS.
quote:Originally posted by 1Lewis:
Why would a company create a job (assuming it's not really a needed position) and pay someone a salary of $50,000 a year to prevent them from paying $18,000 in taxes?
quote:Originally posted by MOBY:
If it's not a needed position, then your argument does not hold water. It is a nonissue. NO ONE hires unneeded positions.
By your reasoning, why would they not lay off the $50,000 a year person and pay the taxes instead?
They would hire a $50,000 per year employee because they have unmet demand and therefore will get additional revenue if they increase production. There are optimum staffing levels/space considerations/equipment levels that result in the best financial outcome. The What if analysis that is required to determine just how much business you want to do and how much capacity you should add/turn away is a very complex issue and requires re-examination on at LEAST a monthly basis. It is not as simple as if I do A the result is B.
Even then, if the business man can outsource the job to Bangladesh for $10 per day, what difference do the taxes make? He’ll still be ahead (36% tax on the salary savings of $46,350 by outsourcing the job results in a net profit of $29,664 after the additional taxes).
Businesses outsource because they can. People continue to buy whatever foreign made schlock they throw on the shelves. Refusing to shop at WalMart and any other un-American business is a start. Buying only foods that are in season in OUR country and are not imported from some third world country also helps.I would rather pay more and buy less, than see all of this country's wealth continue to flow out the door, never to return again.
MadeinUSAforever
How to buy American
quote:Originally posted by 1Lewis:quote:Originally posted by MOBY:
If it's not a needed position, then your argument does not hold water. It is a nonissue. NO ONE hires unneeded positions.
By your reasoning, why would they not lay off the $50,000 a year person and pay the taxes instead?
They would hire a $50,000 per year employee because they have unmet demand and therefore will get additional revenue if they increase production. There are optimum staffing levels/space considerations/equipment levels that result in the best financial outcome. The What if analysis that is required to determine just how much business you want to do and how much capacity you should add/turn away is a very complex issue and requires re-examination on at LEAST a monthly basis. It is not as simple as if I do A the result is B.
Even then, if the business man can outsource the job to Bangladesh for $10 per day, what difference do the taxes make? He’ll still be ahead (36% tax on the salary savings of $46,350 by outsourcing the job results in a net profit of $29,664 after the additional taxes).
Businesses outsource because they can. People continue to buy whatever foreign made schlock they throw on the shelves. Refusing to shop at WalMart and any other un-American business is a start. Buying only foods that are in season in OUR country and are not imported from some third world country also helps.I would rather pay more and buy less, than see all of this country's wealth continue to flow out the door, never to return again.
MadeinUSAforever
How to buy American
I agree with the above statement. How does Obama/Biden plan to prevent the outsourcing of jobs? As you say the incentives and taxes don't matter if it can still be done cheaper elsewhere.
quote:Originally posted by marksw59:
Moby, you are eat up with it....
Biden, the idiot, call paying higher taxes a "patriotic act". The only "act" involved is raising both hands while the government picks your pocket.
quote:Originally posted by Howard Roark:
As taxes increase, they reach a point of diminishing returns, that less and less is collected as the rates got up -- a principle known since the Domesday Book.
By the Democrat argument, Bush's lower taxes should have resulted in less revenue collected. However, the opposite is the case, more revenue was collected after the tax cut. To insist on a tax increase that would decrease revenue in a time of increasing deficits represents a triumph of belief over fact -- politics as religion.
quote:Originally posted by Howard Roark:
JJP denies the reality that over taxation causes a decrease in tax revenue -- for him its polemics and poltical beliefs over reality.
Moby,
The Domesday Book, listing all the wealth and possessions of the king's subjects gave him an idea of how much to tax and how much not to tax. A principle know since 1068 is lost on today's politicians.
As shown, taxes were cut and revenue increased. Of course, law of casuality is lost on the left. They repeatedly try to repeal it.
quote:Originally posted by marksw59:
Just where do you think the employers of the middle class fall in respect to the percentages? I know where my boss is and I guarantee you that that the company I work for could not have arisen during and Obama administration. For the record the company I work for is approximately 27 years old.