Posted on 07/25/2018 7:25:36 PM PDT by E. Pluribus Unum
Elections have consequences. Just Senator Elizabeth Warren, who suggested that a 50% to 90% personal income tax rate for Americans is not out of the question. Warren made the shocking admission in an interview with CNBC.
Warren also promised that Democrats will end President Trumps tax cuts if they take control of Congress in November 2018.
CNBCs anti-Trump pundit, John Harwood, asked Warren: If Democrats take the Congress would you like to see these corporate tax cuts repealed?
Senator Warren replied: Yeah, I really want to see them rolled back.
Question: Back to 35%?
Warren replied: Well, its not about the number. Heres how I look at budgets, and taxes are at the heart of this. A lot of people think theyre just numbers; theyre not. They are the expression of our values. The values of the Republican Party that passed those tax cuts are to give $1.5 trillion away to the richest Americans and the biggest corporations, and let everybody else pick up the crumbs.
She added: We need a budget, we need a tax bill that works for all of us. So what Id like to see is Id like to see us strengthen Americas middle class.
(Excerpt) Read more at bizpacreview.com ...
I think she just had her riding in the tank moment.
Or her ‘what if kitty dukakis was raped’ moment.
Take yer pick.
I actually wonder if she’s not deliberately trying to make herself not be the nominee.
- transgender surgeries for everyone in the world
- no borders whatsoever
- ban the Constitution, implement communism
- legalize sex with animals
- ban automobiles, make public transportation mandatory
- ban all speech that is not marxist horse sh*t
- ban all forms of self-defense
- ban Christianity
- ban oil
- ban plastic
- ban energy
- ban CO2
- ban traditional families
- ban childhood
- ban reality
Those numbers are macro economics and have millions of factors. What we are talking about is basic business principles. The end consumer of a product must pay ALL the costs of bringing that product to market. It cant be any other way. Businesses exist to make a profit so the end consumer has to cover all the costs plus a little more for profit. Taxes are just one of those costs and no matter how you break it down every penny of that tax is in the price the END consumer pays or that product will not be on the market.
Just what exactly is in the water these people are drinking? My mother would say it’s “mad puss p!ss”.
Prosecution for “hate speech” for anyone who doesn’t parrot the mainstream media talking points.
P.S. If you don’t hear about the new talking points in time to change your speech you are a “hater” and off to jail you go!
That may play to liberal multimillionaire nairesnand billionaires, to working people not so much. And what pray tell will our benevolent government do with all that revenue?
Strengthen the middle class by taxing them fifty percent?!
In more appropriate economic jargon, if that will help is there are two pieces of the pie - one is consumer surplus - which is what you are referring to - and the other is producer surplus.
When tariffs go up, some of the loss goes onto the producer (which in this case, is made up of multiple facets - the Chinese manufacturer, the shipper, and the US retailer or final seller), and some of the loss goes onto the consumer. Where this gets muddled, though, is when you export the job overseas, it's a 100% tax on the US consumer, and in as much as that job comes back due to tariffs, is a 100% increase in consumer surplus.
As Emperor Palpatine says....
Good Good let the hate of low taxes flow through you!
And they will destroy the economy. The stock market will drop 25%. It will be a nightmare.
I started working full time when I was 17. I am now 78, and only have 2 bookkeeping clients active.
I have NEVER had a ‘poor man’ sign the front of my paycheck. NEVER.
Kroger—Oscar Mayer—IGA—Universal Studios—Shell Oil—down to 1 man operations.
Businesses dont pay taxes. The end consumer pays them. Its basic business and economic principle. Start a business making widgets and tell me what costs you will incur that you can just ignore and it wont affect the price of your product? Hint, there arent any if you plan on making money. When the government says they are going to tax you $5 for every widget you sell that goes directly into the cost of your widget and if you sell your widget at a profit every penny of that tax is passed on to the end consumer. You can throw out charts and macro economics terms all day and its not going to change that fact. Like many others in our society You dont understand basic business.
A poster said maybe we should let the dems know businesses dont pay taxes and that is correct. You are conflating that with macro economics which is something different entirely.
micro economics IS business. I have a BS in Econ, a T10 MBA, am #2 finance exec for a 7b EV company and own and manage rental properties. I have done pricing for a large retailer. But thanks for playing. Companies will always charge as much as they can for a product at all times.
I dont think you understand the difference between micro and macro economics. That chart I outlined is micro economics and is basically the study of business and how to maximize your producer surplus given the supply and demand curve for your product(s).
Sorry man but I dont care what degree you have if you did not learn that all costs of delivering a product to market must be paid by the end consumer you need to go back to school. You dont have a clue about what you are talking about. I dont care what Corp youve done pricing for, I have seen big corporations do the stupidest shit imaginable. I know of Nobel prize winning economists that are wrong nearly 100 percent of the time. A wise man once taught me economics is a subject only made complicated by economists.
I just read that again and had a chuckle. Businesses dont pay taxes! A tax is a cost, just like materials and labor. Get your first business text book out and read it again. You missed something.
Ok sorry to be all preachy. We are both on the same team and I think in the end we are talking about different things.
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