|
Post by bedfordforrest on Aug 25, 2024 9:57:31 GMT -6
The Democrats had complete control of the government in 2009 and didn't do a single thing to punish Wall Street for causing the financial meltdown. Clinton caused the financial meltdown. Wall Street is built on greed. They never should have had the opportunity to melt down in this case -- that required a change in law to encourage people to buy homes they couldn't afford. I don't disagree. I'm just saying the Democrats even then were running around screeching about how the meltdown was caused by Wall Street greed, and didn't do a single thing to Wall Street. They're not about to punish their financial base.
|
|
Nano
Junior Member
Posts: 301
|
Post by Nano on Aug 25, 2024 10:05:16 GMT -6
Clinton caused the financial meltdown. Wall Street is built on greed. They never should have had the opportunity to melt down in this case -- that required a change in law to encourage people to buy homes they couldn't afford. I don't disagree. I'm just saying the Democrats even then were running around screeching about how the meltdown was caused by Wall Street greed, and didn't do a single thing to Wall Street. They're not about to punish their financial base. Well true of course. Money runs this country. The amount of money it takes to run for office guarantees that. And it wont change until campaign financing rules change.
|
|
|
Post by 3 Sport Town on Aug 25, 2024 10:21:13 GMT -6
They are not talking raising the corporate tax rate on small businesses just big corporations, let me see if I can find the proposed rates. How does she define a "big business?" I know for their minimum corporate tax rate it was companies over $1 billion. So far I have not find the details but this was already in Biden’s proposal, so I guess I am not looking in the right place. I believe in bottom up economics and not trickle down economics. I do create jobs with all the money I spend, even more so with poor or lower middle class people. Big corporations often hoard money. For instance, Amazon has $86 billion in cash and cash equivalents and Apple has $73 billion. Increases the taxes on their profits is going to mean they have less cash, but they are not going to change their fundamental business, and they are not raising prices. Prices are set by the market, supply and demand.
|
|
Nano
Junior Member
Posts: 301
|
Post by Nano on Aug 25, 2024 10:28:09 GMT -6
How does she define a "big business?" I know for their minimum corporate tax rate it was companies over $1 billion. So far I have not find the details but this was already in Biden’s proposal, so I guess I am not looking in the right place. I believe in bottom up economics and not trickle down economics. I do create jobs with all the money I spend, even more so with poor or lower middle class people. Big corporations often hoard money. For instance, Amazon has $86 billion in cash and cash equivalents and Apple has $73 billion. Increases the taxes on their profits is going to mean they have less cash, but they are not going to change their fundamental business, and they are not raising prices. Prices are set by the market, supply and demand. Prices are set by the market (assuming Harris doesn't implement price controls when she needs to divert attention from other fuck ups) but cash flow and profits are influenced by policy. Which states are attracting the most businesses right now? Which are losing the most? What is the commonality? This isn't rocket science. Jobs make the world go round. Taxing them away is bad policy.
|
|
|
Post by 3 Sport Town on Aug 25, 2024 10:32:47 GMT -6
I don't disagree. I'm just saying the Democrats even then were running around screeching about how the meltdown was caused by Wall Street greed, and didn't do a single thing to Wall Street. They're not about to punish their financial base. Well true of course. Money runs this country. The amount of money it takes to run for office guarantees that. And it wont change until campaign financing rules change. I would agree with that unfortunately with the Citizens United ruling don’t think anything would change. I am just curious how do you consider politically, Republican or Independent? I assume you are not a Democrat. Are you moderate or conservative?
|
|
Nano
Junior Member
Posts: 301
|
Post by Nano on Aug 25, 2024 10:48:30 GMT -6
Well true of course. Money runs this country. The amount of money it takes to run for office guarantees that. And it wont change until campaign financing rules change. I would agree with that unfortunately with the Citizens United ruling don’t think anything would change. I am just curious how do you consider politically, Republican or Independent? I assume you are not a Democrat. Are you moderate or conservative? I am a mutt. I am conservative on fiscal and governance issues (i am a federalist) and liberal (not progressive) on social issues. Prior to Trump, i usually voted R. But now I find it hard to find candidates to support because our election system is driven by extremism. I will never vote MAGA or progressive at any level. I loved Reagan, Bush 1 and JFK. Hated Clinton but now see him as our last good president. I like people like Manchin, Sununu, Youngkin, Beshear and Charlie Baker. I think the only way to run a country effectively is to build bi partisan coalitions and compromise. We are letting perfect be the enemy of good. No one will EVER get exactly what they want on every issue. People need to accept this.
|
|
Nano
Junior Member
Posts: 301
|
Post by Nano on Aug 25, 2024 10:58:01 GMT -6
How does she define a "big business?" I know for their minimum corporate tax rate it was companies over $1 billion. So far I have not find the details but this was already in Biden’s proposal, so I guess I am not looking in the right place. I believe in bottom up economics and not trickle down economics. I do create jobs with all the money I spend, even more so with poor or lower middle class people. Big corporations often hoard money. For instance, Amazon has $86 billion in cash and cash equivalents and Apple has $73 billion. Increases the taxes on their profits is going to mean they have less cash, but they are not going to change their fundamental business, and they are not raising prices. Prices are set by the market, supply and demand. Think of this tax money as an investment. The guys at Google in the past 30 years have turned an idea into a $2T company. The federal government during that same period has turned a budget surplus into a $30T debt. Where would you put your investment?
|
|
|
Post by bedfordforrest on Aug 25, 2024 11:00:39 GMT -6
Well true of course. Money runs this country. The amount of money it takes to run for office guarantees that. And it wont change until campaign financing rules change. I would agree with that unfortunately with the Citizens United ruling don’t think anything would change. I am just curious how do you consider politically, Republican or Independent? I assume you are not a Democrat. Are you moderate or conservative? Remember what triggered Citizens United. A group of people got together, formed an organization, and made a film about Hillary Clinton. The feds decided that was against the law.
|
|
|
Post by 3 Sport Town on Aug 25, 2024 11:08:44 GMT -6
I know for their minimum corporate tax rate it was companies over $1 billion. So far I have not find the details but this was already in Biden’s proposal, so I guess I am not looking in the right place. I believe in bottom up economics and not trickle down economics. I do create jobs with all the money I spend, even more so with poor or lower middle class people. Big corporations often hoard money. For instance, Amazon has $86 billion in cash and cash equivalents and Apple has $73 billion. Increases the taxes on their profits is going to mean they have less cash, but they are not going to change their fundamental business, and they are not raising prices. Prices are set by the market, supply and demand. Think of this tax money as an investment. The guys at Google in the past 30 years have turned an idea into a $2T company. The federal government during that same period has turned a budget surplus into a $30T debt. Where would you put your investment? The reason the government went from surplus under Clinton to deficit under Bush and beyond is unpaid for tax cuts under Bush. Two large unpaid for wars in Afghanistan and Iraq. Then more unpaid tax cuts under Trump. While there are places we cut spending most spending is Social Security, Medicare, defense, and interest on the debt, which the American public overwhelmingly do not want cut or cannot be cut. If the government was run like a business you would not just cut your revenues without cutting expenses.
|
|
|
Post by 3 Sport Town on Aug 25, 2024 11:12:37 GMT -6
Think of this tax money as an investment. The guys at Google in the past 30 years have turned an idea into a $2T company. The federal government during that same period has turned a budget surplus into a $30T debt. Where would you put your investment? The reason the government went from surplus under Clinton to large deficits under Bush and beyond is unpaid for tax cuts under Bush. Two large unpaid for wars in Afghanistan and Iraq. Then more unpaid tax cuts under Trump. While there are places we cut spending most spending is Social Security, Medicare, defense, and interest on the debt, which the American public overwhelmingly do not want cut or cannot be cut. If the government was run like a business you would not just cut your revenues without cutting expenses. As to Google they have a $110 billion in cash doing nothing, it would be much better to use some of that to reduce our deficit. finance.yahoo.com/quote/GOOGL/balance-sheet/
|
|
Nano
Junior Member
Posts: 301
|
Post by Nano on Aug 25, 2024 11:13:45 GMT -6
Think of this tax money as an investment. The guys at Google in the past 30 years have turned an idea into a $2T company. The federal government during that same period has turned a budget surplus into a $30T debt. Where would you put your investment? The reason the government went from surplus under Clinton to deficit under Bush and beyond is unpaid for tax cuts under Bush. Two large unpaid for wars in Afghanistan and Iraq. Then more unpaid tax cuts under Trump. While there are places we cut spending most spending is Social Security, Medicare, defense, and interest on the debt, which the American public overwhelmingly do not want cut or cannot be cut. If the government was run like a business you would not just cut your revenues without cutting expenses. Why would you possibly expect that to change under Harris? Just wait until you see her spending proposals.
|
|
|
Post by bedfordforrest on Aug 25, 2024 11:29:44 GMT -6
Think of this tax money as an investment. The guys at Google in the past 30 years have turned an idea into a $2T company. The federal government during that same period has turned a budget surplus into a $30T debt. Where would you put your investment? The reason the government went from surplus under Clinton to deficit under Bush and beyond is unpaid for tax cuts under Bush. Two large unpaid for wars in Afghanistan and Iraq. Then more unpaid tax cuts under Trump. While there are places we cut spending most spending is Social Security, Medicare, defense, and interest on the debt, which the American public overwhelmingly do not want cut or cannot be cut. If the government was run like a business you would not just cut your revenues without cutting expenses. It's a good thing there wasn't any budget busting favored by Democrats in that time period.
|
|
|
Post by Billy John Davy on Aug 25, 2024 11:53:37 GMT -6
is unpaid for tax cuts under Bush. that is such a bullshit line. accepting it assumes that the money you earn and pay taxes from isnt yours but the governments.
|
|
|
Post by Billy John Davy on Aug 25, 2024 11:54:34 GMT -6
The reason the government went from surplus under Clinton to deficit under Bush and beyond is unpaid for tax cuts under Bush. Two large unpaid for wars in Afghanistan and Iraq. Then more unpaid tax cuts under Trump. While there are places we cut spending most spending is Social Security, Medicare, defense, and interest on the debt, which the American public overwhelmingly do not want cut or cannot be cut. If the government was run like a business you would not just cut your revenues without cutting expenses. Why would you possibly expect that to change under Harris? Just wait until you see her spending proposals. unfortunately, she doesnt want you to see those proposals until after you elect her
|
|
|
Post by str8shooter on Aug 25, 2024 11:59:41 GMT -6
My conscience will not permit me to vote for Trump or Commala (who became the DEM nominee when it was discovered Biden was declared legally brain dead). I was leaning toward Kennedy, as he was the only principled candidate capable of the office. Stein is an oddball freak show. West is honest in his positions - but also wrong on nearly all of them. Oliver is nothing but a reminder of what the Libertarian party has squandered. Now what? Here is a thought. How about forgetting the presonalities and vote for the candidate who's platform will best fit your overall belief system? For example, if you are in favor of higher taxes, vote for Harris. If you are in favor of drag shows in classroom, vote for Harris. If you are in favor of open border, vote for Harris. If you are in favor of defunding the police, vote for Harris. If you are in favor of not holding criminals responsible for bail and in favor of letting them out to commit more crimes, vote for Harris.
|
|