Posted on 04/11/2025 5:13:23 AM PDT by ChicagoConservative27
On Thursday’s broadcast of MSNBC’s “Morning Joe,” Sen. Amy Klobuchar (D-MN) said that “If you believe in capitalism, like I do, if you believe that the market has given us this incredible country,” you should address healthcare costs, housing, child care, and reducing the amount of debt the U.S. has and Congress “should be reducing some of the burden on people who make less, but actually increasing some of the corporate taxes so we can bring more funds in to do something about the debt.”
Klobuchar said, “If you believe in capitalism, like I do, if you believe that the market has given us this incredible country, which, if I was going to work on anything right now, it would be people’s healthcare costs and their housing and their child care, which we should be doing, and yes, bringing down the debt and changing the way some of these taxes are working so that we can bring that debt down, these guys are [d]oing the opposite right now.”
(Excerpt) Read more at breitbart.com ...
Which capitalistic business Klobuchar has run successfully? If none, note that you should not get advice from Virgins on sexual matters.
If you believe in small government, these POS politicians should be doing their jobs without pay and without enriching themselves, their family, their friends.
Correct, stockholders do - in the form of lowered dividends. And then they pay taxes on the dividends they do get. After investing their money that they already paid taxes on when they earned it. And then get taxed again when they leave it to their kids. It’s a wonderful system but, somehow, we still don’t pay our “fair share”.
Socialists double tax corporate earnings — once at the corporate level, and again after they trickle-down to the shareholders.
Whether its Socialism or faux Capitalism, all roads lead back to more tax and spend for the Dems.
Walz/Klobachev that’s the ticket!
Its almost as if she sees a philosophy/campaign promise in actual play and low and behold, not only working but growing in popularity along with Trump. In a desperate bid to gain ground for her Marxist ideology, she is jumping in on the wins attempting to hijack the narrative back to her side.
Might sound convoluted, but its what I see.
Yes, that’s right. You normally see these fake lurches to the center or right in the year before an election and the faux conservatism is dropped li,e a hot potato the day after they get re-elected.
So if you believe in capitalism let’s take capital out of capitalism?
Capitalism pays by expanding the economy. The government cut goes up passively. What did Reagan pull in, a 45 percent larger pie?
“Ultimately, the end user pays the tab...like always.”
Corporation A makes lots of widgets and sells them at $100 each and makes a 15% profit.
Corporation B makes fewer widgets and sells them at $100 each too but only makes a 5% profit.
The tax rate is 20%.
Corporation A pays $3 in income tax per widget and has $12 in after-tax profit per widget.
Corporation B pays $1 in income tax per widget and has $4 in after-tax profit per widget.
What happens if the tax rate goes to 40%.
To make the about the same after-tax profit, Corporation B raises its price by $1.
To make the about the same after-tax profit, Corporation A would have to raise its price by $3 but can’t because of competitive forces. It can only raise its price by $1.
Corporation B now pays about $2 in income tax per widget and retains about $4 in after-tax profit per widget.
Corporation A now pays about $6 in income tax per widget and now has about $10 in after-tax profit per widget.
The consumers of the lower profitability corporations pretty much shoulder any corporate income tax increase.
The shareholder of the higher profitability corporations pretty much shoulder any corporate income tax increase.
To analyze things, it helps to ‘war game’ them.
Most of these parasites have no idea how to create run and profit from a business from the ground up, they just have an uncontrollable mouth and a mentally ill mind that spews sh## on a daily basis
Corporation do not pay any taxes, their customers pay any tax they pay. A corporation is a profit making organization. What ever service or product they provide has to be priced so that there is a profit. Taxes is on the expense side of the ledger. Increase tax on a corporation and the price on their service or product goes up.
I’m not sorry. I do not believe one word out of the mouth of any democrat.
This is not to say I believe every republican, but not one word from ANY dem. It has come to the point you can’t even carry on a conversation with one.
There is a problem with corporate taxes.
They is a global competition about corporate taxes. Before Trump 45, US had the biggest corporate taxes in the world, and collected very little of them.
Corporation can move out of the country, or, move their profits out of the country.
They got very sophisticated at that.
Profits are taxed on the world lowest rate.
So the only way to collect something, you must lower their taxes.
It is better to collect 5% of trillions, than 40% of NOTHING!
An incredibly stupid comment.
“They believe that if you raise tax rates, you automatically get more tax revenues. But, of course, it doesn’t work like that. It’s a dynamic process.”
If a salaried American citizen faces increased rates, he pays more tax. The boss isn’t going to cut his salary.
Most plumbing companies take all the business they can get. An owner isn’t going to tell customers to go to Home Depot to get the stuff to fix their own plumbing problems.
Some people can avoid tax increases:
A Chinese salaried worker in Silicon Valley can return to China.
A shareholder might avoid a sale if the next administration might cut the capital gains tax.
A rich Detroit family might move to Birmingham to avoid the city income tax.
A Nassau County, NY family might move to North Carolina to save on property tax. Their house would get sold to a family that would not need to buy a new Nassau County house.
Corporations do not pay taxes, they collect them from the consumers who buy their products and services. A fact of life that Democrat Socialists never seem to learn.
And yet, this Bimbo campaigns against raising tariffs on Chyna and other countries ….
To chart how federal revenue might rise when tax rates are cut, you'd need a reasonably accurate mathematical model of the entire economy. No small feat.
It's loosely—very loosely—akin to modeling how higher sales commissions might boost a company's sales. Both involve behavioral responses to financial incentives, but the national economy adds vast layers of complexity and uncertainty.
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