Posted on 02/27/2016 8:34:15 AM PST by Kaslin
“Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. “
Yeah,, it works just like that./s
Yeah, I missed that one. There are so many lies in this column it’s hard to keep track of them all.
People do get pay raises and promotions over the years, all things being equal.
The economy is still operating at half the level it was when the Democrats took control of Congress in 2007. Real unemployment is at 22.5%. Even leftist media like thy NYT are admitting employment has not recovered to the levels they were at before Obama took office (which was already bad).
If the GOP gets the presidency and keeps Congress the solution isn’t a plan, it’s re enabling the capitalist free market. Back off on too restrictive rules, don’t over regulate or tax the financial system and markets. Businesses will grow and jobs will be available. Back off on the too generous entitlements and maybe the healthy young will go to work.
Trump will be the captain of the ship and his advisers will be the cabinet. He will select, as he says, the best of America, I trust him and by the anti Trump activity by the ignorant I feel more right than ever. The establishment is upset that they might be crushed and the GOPe will be destroyed.
Rather, the Donald!
Provided those "healthy young" don't have to stand too far back in line behind all of those Juan and Mohamed kids have been streamed into the country.
The US economy ain't going much of anywhere until we stop financing every third-worlder can sneak into the place and suck up jobs and/or benefits.
...sure would be nice if we only had to address one problem at a time, wouldn't it?
Trump. I’m voting for him now and hope that I am not duped.
Trump will be the captain of the ship and his advisers will be the cabinet. He will select, as he says, the best of America, I trust him and by the anti Trump activity by the ignorant I feel more right than ever. The establishment is upset that they might be crushed and the GOPe will be destroyed.
How much growth do you think is possible?
How much more can education grow? If it doubled grandchildren might spend 26 to 34 (or 40 or 42) years in school.
The vehicles in the USA are generally big already.
How much more food can America’s generally overweight population eat?
Do you need twice as many TVs? two Iphones?
If new houses get 2% bigger every year, how long will it take for a typical new house to be twice as big?
2016 - 2,000 square feet
~2046 - 4,000 square feet
~2076 - 8,000 square foot
Remember too it only takes about 50% more material (and ~25% more labor hours) to make a house that’s twice as big.
But even that misses a big variable, that being the value of the dollar. What was the income in Zimbabwe? Quadrillions?
“Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates.”
In reality, most leading corporations have more cash than they can use productively.
Apple alone could hire every unemployed engineer or programmer in the entire world for at least a decade.
In fact, Apple might financially be able to hire every engineer or programmer in the entire world for at least five years.
I want the Federal government to get so far away from the notion that they steer or father the economy, that they stop making up and propagandizing phony statistics. Presidents don’t create jobs.
Stop spending to boost GDP
Stop the illegal alien invasion
End Obamacare
Throw out 10% of all regulations each year for 8 years. No one will notice.
End generous welfare hammocks.
And the number one way to boost the economy. Throw liberals out of office.
Minor point, if they hired engineers and programmers in America, that would mean bringing the money in from offshore, at which point the US government would tax the heck out of it, and they'd only be able to hire a fraction of America's engineers and programmers.
Nully's Modest Tax proposal:
1. Eliminate ALL corporate tax.
1a. Eliminate ALL depletion allowances and depreciation allowances.
2. Eliminate ALL current IRS regulations.
3. Set the individual tax rate at 10% regardless of income.
3a. Perquisites at taxed at 10% of cost.
3b. Withhold at the rate of 11%, to get a refund you have to file taxes, but there is no legal imperative to file.
4. Tax ALL money coming into the country at 0% (yes, ZERO%).
5. Tax ALL money leaving the country at 10%.
So in essence we ARE in retraction and were it not for the fake front of fiat currency as opposed to the no-BS gold standard we used to be on, we’d already be seeing the full consequences.
I wish they’d happen already while I’m young enough to get myself and my fiance out of my homecity under my own power when things finally hit the fan. I really, REALLY do not want to be 65 when the collapse finally hits and barely able to dodder down the sidewalk let alone pack the car in a hurry.
Even if we get a magician elected they couldn’t turn things totally around... We need to contract severely, it’s inevitable at this point... We need to fire 50% or more FedGov employees and cut spending by at least that much. Of the remaining employees dedicate 10% of them to identifying and eliminating outdated and harmful regulations... Find a way to let the TBTF banks fail and end the FRB system, confiscate all their stolen wealth starting with GS and Citi. The treasury should control the money... Declare an income tax holiday and implement the only idea that’s less intrusive , the FairTax... Immediately start on fixing the built in flaws ,, delegate power back to the states , no more popular election of senators... get actual constructionists in the SC. ,, purge all Obungholes “pen and phone” edicts and fire anyone that implemented them in any agency they reside in.
We’ll still have a 2-4 years of hell but we’ll survive.
“We are in the beginning stages of a global deflationary depression that is going to be really unpleasant.”
The NYC metro area, including NJ, has never recovered from 2007; we still bleed jobs and American taxpayers (and try to replace them with non-contributing Third Worlders, legal or otherwise). There was never a recovery here - just flight of capital.
There was no recovery in GA either.
There was a little one; Mercedes Benz recently moved their headquarters from northern NJ to Atlanta...
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