On Monday, August 15, 2016 at 7:01:28 PM UTC-5, mainframetech wrote:
> On Sunday, August 14, 2016 at 9:32:11 PM UTC-4, claviger wrote:
> > On Thursday, August 11, 2016 at 10:29:32 PM UTC-5, mainframetech wrote:
> > > On Wednesday, August 10, 2016 at 10:00:50 PM UTC-4, claviger wrote:
> > > > On Tuesday, August 9, 2016 at 10:53:15 PM UTC-5, mainframetech wrote:
> > > > > On Monday, August 8, 2016 at 11:32:31 AM UTC-4, bigdog wrote:
> > > > >
> > > > > All this bullshit of lowering taxes to boost the economy is a scam of
> > > > > the wealthy and the corporations and it only benefits the wealthy.
> > > > It worked great for President Kennedy and President Reagan! JFK was the
> > > > first President to use this "scam" and it jumpstarted the US economy. RR
> > > > did the same with even greater success in the 1980s. JFK pioneered the
> > > > concept and Reagan used it to expand the US economy.
> > > Reagan was one of the worst presidents for taxing the people, you've been
> > > suckered again!
> > >
http://www.politifact.com/virginia/statements/2012/jun/25/gerry-connolly/rep-gerry-connolly-says-reagan-raised-taxes-during/
> >
> > Thanks for the info which proves two things: RR cut rates for a majority
> > of American taxpayers and looked for ways to close tax loopholes. The
> > vast majority of taxpayers benefitted and the economy took off in the
> > right direction.
>
> I have more news for you. The "majority of taxpayers" were not affected by
> "loopholes" which usually service the wealthy and the corporations.
Exactly! JFK and RR cut taxes for the Middle Class and RR closed
loopholes for the Rich. What's wrong with that?
> > > > The State of New York is doing an advertising campaign enticing companies
> > > > to relocate in The Empire State and receive a lower tax rate as a reward.
> > > > Basically expanding their "empire" with a strategy of lower taxes. With
> > > > expansion of more companies New York can spread the tax burden which
> > > > allows those companies to be more competitive in pricing their goods and
> > > > services.
> > > The NY tax plan is for a period of time from when a company comes to
> > > NY. After that period, they go onto the normal taxing. It's an
> > > 'introductory' gimmick.
> > So this is just a Liberal bait-and-switch gimmick? Lure in the suckers
> > then sock it to them later?
> The companies that come to NY know perfectly well that they will get larger
> taxes at some point, but it's worth it to have the breathing room offered by NY.
> Most corporations have lawyers that look at these contracts before anyone signs
> or makes a move.
New York State has a reputation for Liberal politics toward the Business
community so any company that relocates should be very cautious. Maybe
some are smart enough to game the system. Stay long enough to get the tax
breaks then relocate when the discount runs out. At that point sell to an
affiliated company who gets to recycle the tax break, then bail when that
discount runs out. Other than this kind of scheme, why would anyone trust
the State of New York with their history of Liberal attitude toward all
Business companies large and small, and high tax rates for the employees
of those companies? The aggregate of all NY State taxes must be
considered along with County Taxes as well to see if this is a good idea
for the Company and its employees, or just a pig-in-a-poke.
> > > > The truth is companies don't pay taxes, they collect taxes for the
> > > > government. If companies paid taxes they would soon go out of business.
> > > > All taxes are paid by the end user: the Consumer.
> > > Using a clever line won't change the facts. Companies collect taxes
> > > from their employees, but they also pay taxes annually or more often out
> > > of their income.
> > The only way you will ever understand the REALITY of how the US Economy
> > works is go into business for yourself. Any business entity has to pay
> > rent, utilities, salaries, furniture, computers, COGS, cost of goods &
> > services, delivery costs to customers, fuel, vehicles, repairs &
> > maintenance, utilities, insurance, lawsuits, compliance with regulations,
> > City taxes, County taxes, School District taxes, State taxes, Federal
> > excise taxes, local Sales taxes, and Federal Income taxes, if there is any
> > Income at the end of the year.
> Completely false. I worked as an independent consultant for a number of years
> and had very few of those items to deal with. But I, like all companies, claimed as
> many items of 'cost of doing business' as possible.
Oh you mean there's a Cost of Doing Business? How perceptive of you!
Since you said "completely false" how did this business client of yours
avoid rent/lease+property tax, utilities (no bathrooms or electric bill),
no furniture (desks/chairs/filing cabinets), no insurance, City Taxes,
County Taxes, School District taxes, or Federal Income Tax??? Did they
not report any Federal withholding taxes on payroll?! What kind of
company was it, a massage parlor?
Maybe a meal on wheels truck? Wail a minute! Were you advising Robert
Groden with his office on the mall (card table + folding chair) in Dealey
Plaza? He already pays no overhead to City of Dallas so he must be one of
your clients.
> > Where does this Business Entity get the money to pay all these Costs and
> > Taxes? From their clients and customers, The Consumers! The End User
> > pays for EVERYTHING. That is what the word INCOME means. Incoming
> > Revenue to pay for all these Costs of Doing Business, and Taxes are a
> > significant category of the COST of Doing Business.
> Of course, but many companies also show a net profit at the end of each year,
> and they are taxed based on that amount. what's your point?
Gosh, I thought companies were supposed to make a profit so they can grow,
hire more employees, enrich the economy, and help support the Federal
Government. Silly me.
> > If you don't believe me then give it a try. The INFLOW of Revenue must
> > exceed the OUTFLOW of Expenses+Taxes for a Company to stay alive.
> My god. Get a grip. I've been in business for many years, both independently and
> working for public and private companies as an executive. Teach your grandmother
> to suck eggs.
Is that your specialty, teaching companies how to avoid all these basic
costs of doing business and grandmothers how to suck eggs? Any of those
companies still in business or being sued by the County, State, and IRS?
At least some of the grannies are getting plenty of protein.
> > Not enough Inflows the business loses money. If Inflows equal Outflows
> > there is no Income Tax, but the business stagnates. If the Inflows exceed
> > Outflows the company can grow, expand, and hire more employees.
> > So get a grasp on this reality: INFLOWS pay for EVERYTHING.
> > Where do INFLOWS come from? The Clients, Customers, Consumers. THEY pay
> > for EVERYTHING!!!
> While that all sounds nice, companies have to be careful about raising prices
> to cover expenses or they may price their goods too high and lose income to the
> competition. You seem to have forgotten that. Competition is a factor.
Brilliant deduction. So if they don't raise prices to cover the CODB,
start losing money and go bankrupt, all these ex-employees will be looking
for jobs in competition with recent college graduates. I know of a small
company where the owner dropped employee health insurance to try and stay
in business. He thought the employees would appreciate his efforts to
keep them employed with a salary. You can imagine how that impacted
employee morale. As a result they started stealing him blind and he had
to fire all of them.
> > If Taxes go up and the Business Entity is at breakeven, they cannot absorb
> > the Tax Increase and pass it on to the Consumers. So a Tax Increase on
> > Business is really a pass through Tax Increase on Consumers. There is no
> > other way to do it and stay viable as a company.
> You seem to have forgotten yet another method used by many large corporations
> to solve your little problem. They pay off lobbyists who spread money around and fill
> up campaign fund coffers and get loopholes put into the tax code to give the company
> 'relief' from the terrible burden.
The loopholes RR tried to close?
> In some instances, subsidies are given to the company as a startup that never get
> halted, like the oil industry with their annual 4 Billion dollars subsidies.
What about the Middle Class and Medium & Small businesses? JFK and RR
made sure they got tax cuts too. The current occupant of the White House
approved a waiver for a number of corporations in the State of California
so they did not have to participate in the Affordable Health Care Act at
the request of Nancy Pelosi. They came to see her as a group to explain
they could afford to keep paying high property taxes to the State of
California or new taxes for the AHCA, but not both. They would be forced
to relocate to another state with much lower property tax to pay for the
new health care debacle that Pelosi actually said in front of a live TV
camera, "We have to pass it to find out what's in it." The Corporations
in California did find out and threatened to move. Pelosi to the rescue,
they all were exempted. The Middle & Small businesses in California were
not exempted.
> No matter how you slice it, we, the society, will pay the freight on anything we do.
> It's the nature of the universe. If you want something, you must expend some effort
> or resource to get it, or keep it. If you want air, you must expend energy in breathing it.
What a profound statement. Let's talk government mandated Minimum Wage.
Do you know the classic definition of Inflation? Your meandering response
above makes me doubt you took Economics in College. Perhaps you were an
Art Major? That's OK the world needs Art Majors, but not as a business
advisors.
The classic definition goes like this: $1.00 an hour of pay = S1.00 of
productivity. If the Hourly Wage goes to $2.00 and there is a $2.00
increase in productivity, there is no Inflation.
However, If the $2.00 hour of salary does NOT increase productivity by
$1.00 an hour, then the lost $1.00 becomes Inflation added to the Economic
Equation. Every time Wages go up with no increase in Productivity the
inflation factor continues to Inflate, which devalues the currency
resulting in a loss of buying power.
What happened in the US was continuing Inflation that made US products the
highest priced in the World Economy. Japan first took advantage of this
situation and starting selling less expensive well made cars in the USA.
China followed with all kinds of cheaper everyday products and has become
the 300 pound economic gorilla in the living room. To maintain this
advantage they also devalued their currency, which infuriated the world
community including the US. What did the US Government do about it?
They bitched and moaned but did nothing.
When the Government mandates a Minimum Wage that is called Socialism and
creates a false economy. If employees are overpaid for their economic
contribution to national productivity the only option companies have is
lay off enough workers to compensate for the economic imbalance and/or
automate to increase productivity of remaining employees.
Here is the problem Liberals don't understand. That old fashion
calculator on the desk doesn't know how to tell a lie. Must have been
invented by George Washington after the cherry tree incident.
Mathematically it will tell the truth every time. It's just a simple
little machine, not a politician. In fact politicians hate these silly
little machines that tell truth to the American people every darn time.
Maybe they should be banned from every house and office in America.
> > President Kennedy and President Reagan understood this Reality. Under
> > their leadership the US Economy thrived. They understood Cutting Taxes
> > energized the Economy and Raising Taxes stifles the Economy. When a
> > Business wants to sell more they offer discounts, to hopefully increase
> > sales enough to pay for the discount or reward Customers for doing
> > business with them. So discounts activate demand. Raising Taxes can
> > offset this strategy and negate the positive influence of Discounts. At
> > that point the Business community must raise prices to stay viable, ofter
> > reducing the workforce to help pay for new taxes.
> Here's some info on the Reagan term:
>
> "Reagan inherited a federal budget of $599 billion in revenue, $678 billion in spending, and a deficit of $79 billion. He left office with a federal budget of $909 billion in revenue, a little less than $1.1 trillion in spending, and a deficit of $155 billion."
> From:
>
http://www.vanityfair.com/news/2015/01/ronald-reagan-policy-political-failure
Not exactly a neutral source of interpretation. One big hole in your
argument is Presidents don't have the authority to write tax law. They
can make suggestions but only Congress can do that. All tax spending must
start in the House of Representatives. Guess who RR had to deal with as
Speaker of the House? Yep, Tip O'Neal of Taxachusetts, who was fond of
saying every year "the President's budget is DOA in the House," to use an
ER analogy. So the Budget was a brawl every time and RR believed in
compromise.
The basic problem today is the US Congress is run by lunatics. Somehow
the Republicans and Democrats have crossbred merging into Republicrats &
Demopublicans. The voters clearly understand this morphing has happened
which explains the Trump/Sanders phenomenon in the Primaries.
Hopefully some of these US political parties below can come together in a
coalition one day to represent 20% of the electorate. If they do they
will become the swing party to be reckoned with and decide the election.
Tiny little Israel has an amazing 17 political parties. If they can do it
so can we. One thing that came through loud and clear is a growing number
of voters are tired of business as usual and they are in a surly mood.
https://en.wikipedia.org/wiki/List_of_political_parties_in_the_United_States#Minor_political_parties
Ronald Reagan was not a Republican. The GOP blue bloods never accepted
him. RR was a Conservative Democrat who realized his party had lurched to
left and not interested in what a Populist like him had to say. So he
took the same message over to the Republicans but they were not thrilled
with him either.
RR's message appealed to The Middle Class and Blue Collar workers who
became Reagan Democrats and voted for him with enthusiasm for two historic
terms in office. They loved the guy and all the grumbling from the GOP
and slurs from Libocrats meant nothing to his admirers. In fact they
enjoyed the frustrated pettiness of his detractors and delighted in his
calm demeanor at W H Press conferences as media lilliputians asked him
insolent questions. He brushed them off like stinkbugs at a picnic and
his fans loved it.
JFK and RR were both Irish Americans who believed in the same message:
"Ask not what your country can do for you. Ask what you can do for your
country."
Reagan's Salute To JFK | The American Spectator
http://spectator.org/56736_nuclear-option-return-founders/
> There are far more 'average people' in the lower and middle income brackets that for
> the wealthy to gat what they want, they have to get votes for their candidates. They
> have to have reasons for people to cling to the wealthy people's capes, and so we
> have the NRA and gun rights, and issue that is a joke, since no one would dare take
> away anyone's guns, and then they have the talk of folks being independent, which
> often come out as being able to pay for your own costs, which makes insurance
> companies happy.
>
> Other than the above, there are also constantly scare tactics gong on that say that
> you have much reason to be scared, and we'll make you safe. In today's environment,
> that's impossible, no matter what Trump and lackeys say. Then we have anger, when
> people know that their representatives are ignoring them and feeding themselves money
> by the bucket full at the taxpayer's expense. By jumping up and down and looking angry,
> Trump says what every 'average person' would like to say, but no one would listen to. It's
> good to hear someone say I'M GOING TO FIX IT FOR YOU! Which he won't. The wealthy
> need voters because they are in the minority.
>
> Chris
Thanks for the stream-of-consciousness walk through the Daffydil garden in
your mind. Maybe Hillary won't be so terrible. At this point the
election is hers to lose. She is utterly devoid of ethics which might not
be all bad. Like any good Liberal she is for sale to the highest bidder.
If Trump wins it will be an exciting time in American history. Can he
undo all the damage both political parties have done? Maybe he's the only
one who can. Does he really want the job or is his subconscious trying to
toss the hot potato back to Hillary?
We shall see.