On the "Stimulus Package" - Page 4 - Mercedes-Benz Forum

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post #31 of 65 (permalink) Old 01-20-2008, 06:57 PM Thread Starter
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Originally Posted by mcbear View Post
The last tax rebate program did NOT stimulate the economy. It, a retarded spread legs open credit policy by the financial sector, excessive credit card spending by consumers AND deficit spending by our government are what combined to give the increase in gross tax revenues. The tax rebate by itself did nothing but raise the deficit. Only other factors made it somewhat less initially damaging. Long term it has been devastating.

Now, take out the Financial sectors "sign em if they breath" policies, consumers' "Charge, charge, charge" [because they no longer can go to their home equity to pay out their credit cards], and all you have left is a tax increase and deficit spending to further load up the National Debt. The factors that led to the increase in gross tax revenues no longer exist.

Problem is, Bush is trying the same formula to "buy our way out of the problem". Whatever plan that was going to be implemented needed to have been implemented back in May-June. Too bad the conservatives kept saying there just was no problem at all.
So I guess the plan is to just survive until we can stick it all to the next Administration?

That's the plan for Iraq too, right?
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post #32 of 65 (permalink) Old 01-20-2008, 07:03 PM
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So I guess the plan is to just survive until we can stick it all to the next Administration?
...
Sounds familiar.

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and thatís what I intend to reverse.

~ Senator Barack H. Obama
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post #33 of 65 (permalink) Old 01-20-2008, 07:06 PM
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As for corporate income taxes, they should be sky-high to prevent direct income. Also, recipients of stock dividends should pay as if they are income (which they are). But that money shouldn't be taxed twice; if the company pays out dividends, that money should come off the bottom line, reducing income.

This isn't about stifling profitability. If the company rolls profits over and invests in itself, there shouldn't be any taxes on that money. If the company pays out to its investors, it shouldn't be taxed on that money either. But companies have absolutely no need to build huge cash reserves, without paying taxes on the income.
Company passes-through the tax burden to the consumer. This raises product prices, making the product (or service) less competitive vs foreign competition.

Foreign business thank you.

B

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and thatís what I intend to reverse.

~ Senator Barack H. Obama
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post #34 of 65 (permalink) Old 01-20-2008, 07:07 PM
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^ Exactly. Companies don't really pay taxes, they simply collect them.
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post #35 of 65 (permalink) Old 01-20-2008, 07:29 PM Thread Starter
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^ Exactly. Companies don't really pay taxes, they simply collect them.
So when we give tax money to companies for things like growing (or not growing) crops, building roads and logging forests, why don't the companies give the money back to taxpayers?
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post #36 of 65 (permalink) Old 01-20-2008, 07:33 PM
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I think I've been on record as saying that the federal government has no business playing the role of charitable contributor to companies whose business models have become unsustainable. Otherwise we'd still have buggy whip manufacturers and a whole host of other useless industries that were either A) run too poorly to survive on their own, or B) of absolutely no use to anyone anywhere.
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post #37 of 65 (permalink) Old 01-20-2008, 07:50 PM
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So when we give tax money to companies for things like growing (or not growing) crops, building roads and logging forests, why don't the companies give the money back to taxpayers?
It's a fools errand for government to seize private wealth or property of individuals and give it to private corporations. Why not simply remove the middleman?

B

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and thatís what I intend to reverse.

~ Senator Barack H. Obama
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post #38 of 65 (permalink) Old 01-20-2008, 07:58 PM Thread Starter
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It's a fools errand for government to seize private wealth or property of individuals and give it to private corporations. Why not simply remove the middleman?
I'm all for it. How do we start?
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post #39 of 65 (permalink) Old 01-20-2008, 08:02 PM
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I'm all for it. How do we start?
Kick the bums out. Stop the national socialist unholy relationship between gov and private corporations. Embrace freedom, self-reliance, and personal responsibility -- including failure as an option of business and personal fortune.

B

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and thatís what I intend to reverse.

~ Senator Barack H. Obama
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post #40 of 65 (permalink) Old 01-20-2008, 08:04 PM Thread Starter
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Will you be running for office then? Because I've been trying to kick the bums out for years, yet things seem to be sliding in the opposite direction.
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