From Dictionary.com:
"Socialism -- the theory or system of social organization that advocates the vesting of the ownership and control of the means of production, of capital, land, etc. in the community as a whole."
Nothing about simple government services such as police, fire departments, etc. Statists, don't misrepresent your propaganda. Its too easy to prove you wrong.
Those dividends were, of course, taxed.quote:Originally posted by Mr.Dittohead:quote:In 2004, Congress approved a one-year tax holiday as part of a jobs package, resulting in companies bringing back $362 billion. But, as Fortune's Tory Newmyer pointed out in February, studies have shown that most of the funds went to shareholders. Even while Congress passed several rules to make sure the funds would get invested back into the companies, not very much went to research, investment or hiring.
If the cost savings from lower taxes don't go to new investments or more jobs, could they at least lead to higher wages for workers, as Ryan's plan suggests?
If history tells us anything, that's unlikely. The effective corporate tax rate has been steadily declining for decades. Corporations paid more than 49% of their profits in federal taxes in the 1950s, 38% in the 1960s, 33% in the 1970s and 25% in the 1980s. All the while, U.S. wages have been stagnant for years even as productivity has risen. Between 1989 and 2010, U.S. productivity grew by 62.5% -- far outpacing wages, which grew by only 12% during the same period
http://finance.fortune.cnn.com...nt-create-more-jobs/
That is the point! Taxing profits which are then paid as dividends means they are taxed twice. Corps should pay an excise tax on revenues regardless of profits, writeoffs or any other tax dodge schemes, so the government is financed at a level proportionate to the economic activity.
Ok, that about the dumbest suggestion I've read yet! Tax corporations on revenue before any expenses are deducted. That's a sure way to bankrupt them. But, that's what you really want isn't it! Ownership and control of the means of production under central government planning -- the most destructive method of human freedom yet devised.
