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the only way for us to Recover

PA prince albertHall of Famer
The only way for this Country to recover Is for the American People to get off their Butts and go to work,you see all the Land that is Laying idle? Our Farmers have got to where they farm about a Thousand or more Acres, mostly Corn to make Ethanol, we use Corn for a lot of things other than Ethanol, but that is where the Money is at. then we have to buy Produce from Foreign Countries.

have you ever seen Rice grown? you know what they use for Fertilizer to grow Rice in foreign countries? I was in the Army and we had outdoor Toilets and them old People would keep Barrels under the Toilet, when it got full they would change out the Barrel, grew that Rice right along. the Chinese probably use it to grow everything.

as long as we sit back and wait on other countries to produce everything that we Eat and use then we are in big Trouble. it won't be that way too much longer, Obama has Spent all the money and soon we won't be able to borrow any more.
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JimiHendrixJimiHendrixOld Faithful
quote:
Originally posted by prince albert:
The only way for this Country to recover Is for the American People to get off their Butts and go to work,you see all the Land that is Laying idle? Our Farmers have got to where they farm about a Thousand or more Acres, mostly Corn to make Ethanol, we use Corn for a lot of things other than Ethanol, but that is where the Money is at. then we have to buy Produce from Foreign Countries.

have you ever seen Rice grown? you know what they use for Fertilizer to grow Rice in foreign countries? I was in the Army and we had outdoor Toilets and them old People would keep Barrels under the Toilet, when it got full they would change out the Barrel, grew that Rice right along. the Chinese probably use it to grow everything.

as long as we sit back and wait on other countries to produce everything that we Eat and use then we are in big Trouble. it won't be that way too much longer, Obama has Spent all the money and soon we won't be able to borrow any more.


Where does the total lack on information in this post come from. How is a person who is breathing so out of touch with reality and so uninformed about how things are? I thought Glen Beck sounded crazy.
KP Kenny PowersPost Master
quote:
Originally posted by prince albert:
The only way for this Country to recover Is for the American People to get off their Butts and go to work,you see all the Land that is Laying idle? Our Farmers have got to where they farm about a Thousand or more Acres, mostly Corn to make Ethanol, we use Corn for a lot of things other than Ethanol, but that is where the Money is at. then we have to buy Produce from Foreign Countries.

have you ever seen Rice grown? you know what they use for Fertilizer to grow Rice in foreign countries? I was in the Army and we had outdoor Toilets and them old People would keep Barrels under the Toilet, when it got full they would change out the Barrel, grew that Rice right along. the Chinese probably use it to grow everything.

as long as we sit back and wait on other countries to produce everything that we Eat and use then we are in big Trouble. it won't be that way too much longer, Obama has Spent all the money and soon we won't be able to borrow any more.


Just curious, why do you capitalize random words throughout your post??
skippy delepepperskippy delepepperOld Faithful
Again the socialist democrates think thier snappy come backs are impressing people.
The more they talk the dumber they look. They claim this isn't true. They claim that that isn't true.
Yet as usual they offer no facts in rebuttle. I'm thankful for my fellow conservatives in this forum
for thier continuing vigilance to point out thier falsehoods.

Keep Marching,
Skippy Wink
Last edited by skippy delepepper
73RangerXLT73RangerXLTHall of Famer
The way for us to recover is throw off this fallacious noption of creating a service based economy. That was sold to us as a way of de-industrialising this nation while reapking huge profits at our expense.
To have a vibrant economy you must have a value added economy. A value added economy is one that is driven by LABOR, the thing the rich republicans dispise.
teyatesteyatesOld Faithful
What is even more sickening is to hear our legislators talk about millions of dollars as if it were mere change. Supposedly the biggest hangup on the current budget is so called "Planned Parenthood", which is really just a method of saying government paid abortion. It involves $75M, and the Dems inssit that it be included in the budget. It may only be a "drop in the bucket", but these drops add up quickly.
KP Kenny PowersPost Master
quote:
Originally posted by 73RangerXLT:
The way for us to recover is throw off this fallacious noption of creating a service based economy. That was sold to us as a way of de-industrialising this nation while reapking huge profits at our expense.
To have a vibrant economy you must have a value added economy. A value added economy is one that is driven by LABOR, the thing the rich republicans dispise.


We need an economy that encourages entrepreneurs and venture capitalists to put their ideas into action and create wealth.
ferrelljferrelljOld Faithful
quote:
Originally posted by Kenny Powers:
quote:
Originally posted by prince albert:
The only way for this Country to recover Is for the American People to get off their Butts and go to work,you see all the Land that is Laying idle? Our Farmers have got to where they farm about a Thousand or more Acres, mostly Corn to make Ethanol, we use Corn for a lot of things other than Ethanol, but that is where the Money is at. then we have to buy Produce from Foreign Countries.

have you ever seen Rice grown? you know what they use for Fertilizer to grow Rice in foreign countries? I was in the Army and we had outdoor Toilets and them old People would keep Barrels under the Toilet, when it got full they would change out the Barrel, grew that Rice right along. the Chinese probably use it to grow everything.

as long as we sit back and wait on other countries to produce everything that we Eat and use then we are in big Trouble. it won't be that way too much longer, Obama has Spent all the money and soon we won't be able to borrow any more.


Just curious, why do you capitalize random words throughout your post??


It's a secret code to all his liberal buddies.
73RangerXLT73RangerXLTHall of Famer
quote:
Originally posted by Kenny Powers:
quote:
Originally posted by 73RangerXLT:
The way for us to recover is throw off this fallacious noption of creating a service based economy. That was sold to us as a way of de-industrialising this nation while reapking huge profits at our expense.
To have a vibrant economy you must have a value added economy. A value added economy is one that is driven by LABOR, the thing the rich republicans dispise.


We need an economy that encourages entrepreneurs and venture capitalists to put their ideas into action and create wealth.

Their doing that now.... In China, and bribnging goods back and making a killing while killing the country.
KP Kenny PowersPost Master
quote:
Originally posted by 73RangerXLT:
quote:
Originally posted by Kenny Powers:
quote:
Originally posted by 73RangerXLT:
The way for us to recover is throw off this fallacious noption of creating a service based economy. That was sold to us as a way of de-industrialising this nation while reapking huge profits at our expense.
To have a vibrant economy you must have a value added economy. A value added economy is one that is driven by LABOR, the thing the rich republicans dispise.


We need an economy that encourages entrepreneurs and venture capitalists to put their ideas into action and create wealth.

Their doing that now.... In China, and bribnging goods back and making a killing while killing the country.


So what's your solution? Tariffs? Protectionist efforts will only make the situation worse. The Great Depression is a great case studay for this issue.

Imo, we could start by lowering our corporate tax rate and bringing it back in line with other countries. We currently have the 1 of the highest corporate tax rates in the world. This would encourage more companies to set up shop and have their headquarters in the US.

I think a good solution would be to close all the loopholes that corporations use to avoid taxes then drastically cut our corporate tax rate. This would make us more attractive to businesses for 2 reasons: 1) obviously we would now have a corporate tax rate that's competitive 2) closing loopholes and simplifying the tax code would make it cheaper and easier for companies to do business here.
Mr.DittoheadMr.DittoheadOld Faithful
GE paid no taxes last year. Bank of America paid no taxes. Boeing paid no taxes . How much lower can the tax rate go? GE has nearly $1trillion in assets worldwide, while Wal Mart has less than $200billion and paid a substantial tax bill. Corps like it the way it is and DONT WANT THE TAX RATES LOWERED...THEY DONT PAY THOSE RATES...
KP Kenny PowersPost Master
quote:
Originally posted by Mr.Dittohead:
GE paid no taxes last year. Bank of America paid no taxes. Boeing paid no taxes . How much lower can the tax rate go? GE has nearly $1trillion in assets worldwide, while Wal Mart has less than $200billion and paid a substantial tax bill. Corps like it the way it is and DONT WANT THE TAX RATES LOWERED...THEY DONT PAY THOSE RATES...


Corporations are moving their most profitable assets and business to lower tax rate countries. To put it simply, by doing this they pay taxes in those countries but not in our's. China's corporate tax rate is 25%. Ireland's is 12.5%. Our's is 35%. By lowering our tax rate and bringing it line with the rest of the world we can entice those companies to bring their more profitable business back to the states.

The linked article does a good job of explaining what's going on.

What the top companies pay in taxes
Mr.DittoheadMr.DittoheadOld Faithful
We are going to entice GE by lowering their rate to 25%, and eliminate their ability to avoid taxes by changing the code, and that will bring them back to the USA?

There is zero advantage to a multinational to locate in the USA. Why not Zug? Or Bermuda, where there is no income tax on foreign earned profits.

Corps with international operations should probably pay something more akin to an excise tax or tariff, than a tax on profits.
KP Kenny PowersPost Master
Ditto, I could write for days about how tariffs will make us less competitive with other countries. As an economics major in college and a student of economists like Milton Friedman and economists from the Austrian School it is my opinion that we cannot tax our way to prosperity. So, there's really no point in going around in a circle like this because neither 1 of us will change the other's mind. Smiler
Mr.DittoheadMr.DittoheadOld Faithful
quote:
Originally posted by Kenny Powers:
Ditto, I could write for days about how tariffs will make us less competitive with other countries. As an economics major in college and a student of economists like Milton Friedman and economists from the Austrian School it is my opinion that we cannot tax our way to prosperity. So, there's really no point in going around in a circle like this because neither 1 of us will change the other's mind. Smiler


I think a excise tax or tariff would be a better method of taxing economic activity than an income tax, especially in the case of multinational that can use tactics like selling their intellectual rights to a holding company in Zug, while maintaining the rights to the hardware in the USA, and selling the hardware at cost, ie zero profit, while the margin on the IP is 5000%. THat is just one real world example of a US multinational and the lengths they will go to avoid taxes, no matter the scheme you contrive.

Make it so simple and foolproof that no enforcement officials are needed and the actual activity can be taxed as a gauge on GDP.
73RangerXLT73RangerXLTHall of Famer
quote:
Originally posted by Mr.Dittohead:
GE paid no taxes last year. Bank of America paid no taxes. Boeing paid no taxes . How much lower can the tax rate go? GE has nearly $1trillion in assets worldwide, while Wal Mart has less than $200billion and paid a substantial tax bill. Corps like it the way it is and DONT WANT THE TAX RATES LOWERED...THEY DONT PAY THOSE RATES...


Ditto,
Don't confuse the poor fellow, after all, he's an expert on economics, he's been studying Milton Friedman. Roll Eyes
And on top of that, Rush and Hannity agree, that seals it up for eternity.
PA prince albertHall of Famer
quote:
Originally posted by Kenny Powers:
quote:
Originally posted by prince albert:
The only way for this Country to recover Is for the American People to get off their Butts and go to work,you see all the Land that is Laying idle? Our Farmers have got to where they farm about a Thousand or more Acres, mostly Corn to make Ethanol, we use Corn for a lot of things other than Ethanol, but that is where the Money is at. then we have to buy Produce from Foreign Countries.

have you ever seen Rice grown? you know what they use for Fertilizer to grow Rice in foreign countries? I was in the Army and we had outdoor Toilets and them old People would keep Barrels under the Toilet, when it got full they would change out the Barrel, grew that Rice right along. the Chinese probably use it to grow everything.

as long as we sit back and wait on other countries to produce everything that we Eat and use then we are in big Trouble. it won't be that way too much longer, Obama has Spent all the money and soon we won't be able to borrow any more.


Just curious, why do you capitalize random words throughout your post??


Because I want to. if you cant stand it, no one is making you read it.
JimiHendrixJimiHendrixOld Faithful
quote:
Originally posted by Kenny Powers:
quote:
Originally posted by prince albert:
The only way for this Country to recover Is for the American People to get off their Butts and go to work,you see all the Land that is Laying idle? Our Farmers have got to where they farm about a Thousand or more Acres, mostly Corn to make Ethanol, we use Corn for a lot of things other than Ethanol, but that is where the Money is at. then we have to buy Produce from Foreign Countries.

have you ever seen Rice grown? you know what they use for Fertilizer to grow Rice in foreign countries? I was in the Army and we had outdoor Toilets and them old People would keep Barrels under the Toilet, when it got full they would change out the Barrel, grew that Rice right along. the Chinese probably use it to grow everything.

as long as we sit back and wait on other countries to produce everything that we Eat and use then we are in big Trouble. it won't be that way too much longer, Obama has Spent all the money and soon we won't be able to borrow any more.


Just curious, why do you capitalize random words throughout your post??


Just curious, why are you criticizing a post with NO capital letters?
JimiHendrixJimiHendrixOld Faithful
quote:
Originally posted by 73RangerXLT:
quote:
Originally posted by Mr.Dittohead:
GE paid no taxes last year. Bank of America paid no taxes. Boeing paid no taxes . How much lower can the tax rate go? GE has nearly $1trillion in assets worldwide, while Wal Mart has less than $200billion and paid a substantial tax bill. Corps like it the way it is and DONT WANT THE TAX RATES LOWERED...THEY DONT PAY THOSE RATES...


Ditto,
Don't confuse the poor fellow, after all, he's an expert on economics, he's been studying Milton Friedman. Roll Eyes
And on top of that, Rush and Hannity agree, that seals it up for eternity.


GE paid zero taxes on a profit of 14 billion dollars and even got a rebate.
The PropagandistThe PropagandistPost Master
quote:
Originally posted by Kenny Powers:

Corporations are moving their most profitable assets and business to lower tax rate countries. To put it simply, by doing this they pay taxes in those countries but not in our's. China's corporate tax rate is 25%. Ireland's is 12.5%. Our's is 35%. By lowering our tax rate and bringing it line with the rest of the world we can entice those companies to bring their more profitable business back to the states.

The linked article does a good job of explaining what's going on.

What the top companies pay in taxes


Note the very last sentence in the article:

"All businesses tend to pass costs on to customers."

Now consider what some of those costs are:

November 14, 2010
The Wall Street Journal Survey of CEO Compensation
http://graphicsweb.wsj.com/php/CEOPAY10.html

CEO salaries, bonuses, stock options are considered business expenses and are, therefore, deductible from the tax bill. Milk that teat enough, and you can run the udder dry, leaving nothing to tax.
PA prince albertHall of Famer
quote:
Originally posted by JimiHendrix:
quote:
Originally posted by 73RangerXLT:
quote:
Originally posted by Mr.Dittohead:
GE paid no taxes last year. Bank of America paid no taxes. Boeing paid no taxes . How much lower can the tax rate go? GE has nearly $1trillion in assets worldwide, while Wal Mart has less than $200billion and paid a substantial tax bill. Corps like it the way it is and DONT WANT THE TAX RATES LOWERED...THEY DONT PAY THOSE RATES...


Ditto,
Don't confuse the poor fellow, after all, he's an expert on economics, he's been studying Milton Friedman. Roll Eyes
And on top of that, Rush and Hannity agree, that seals it up for eternity.


GE paid zero taxes on a profit of 14 billion dollars and even got a rebate.


This poor Fellow is not confused, I don't get excited when I am being judged by a Fool.

that said, are you and Opie Cunningham Brothers?
Last edited by prince albert
KP Kenny PowersPost Master
quote:
Originally posted by 73RangerXLT:
quote:
Originally posted by Mr.Dittohead:
GE paid no taxes last year. Bank of America paid no taxes. Boeing paid no taxes . How much lower can the tax rate go? GE has nearly $1trillion in assets worldwide, while Wal Mart has less than $200billion and paid a substantial tax bill. Corps like it the way it is and DONT WANT THE TAX RATES LOWERED...THEY DONT PAY THOSE RATES...


Ditto,
Don't confuse the poor fellow, after all, he's an expert on economics, he's been studying Milton Friedman. Roll Eyes
And on top of that, Rush and Hannity agree, that seals it up for eternity.


Where did I say I was an expert? I just don't let political beliefs cloud my belief on economics.

Also, I'm too socially liberal to listen to rush and hannity. I find it funny that all the liberals on this board call me conservative and all the conservatives call me a liberal.
elinterventor01elinterventor01Post Master
quote:
Originally posted by The Propagandist:
quote:
Originally posted by Kenny Powers:

Corporations are moving their most profitable assets and business to lower tax rate countries. To put it simply, by doing this they pay taxes in those countries but not in our's. China's corporate tax rate is 25%. Ireland's is 12.5%. Our's is 35%. By lowering our tax rate and bringing it line with the rest of the world we can entice those companies to bring their more profitable business back to the states.

The linked article does a good job of explaining what's going on.

What the top companies pay in taxes


Note the very last sentence in the article:

"All businesses tend to pass costs on to customers."

Now consider what some of those costs are:

November 14, 2010
The Wall Street Journal Survey of CEO Compensation
http://graphicsweb.wsj.com/php/CEOPAY10.html

CEO salaries, bonuses, stock options are considered business expenses and are, therefore, deductible from the tax bill. Milk that teat enough, and you can run the udder dry, leaving nothing to tax.


The salaries are taxed, as are the bonuses, stock options, etc, IRS gets it one way, or another.
Last edited by elinterventor01

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