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Thread: Profits thrive in weak recovery

  1. #11
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    Re: Profits thrive in weak recovery

    Quote Originally Posted by Simon W. Moon View Post
    I suspect the OP is saying that profits have gone up, but the trickle isn't coming down. I also suspect that the OP is trying to suggest that allowing these businesses to have their taxes lowered is not actually as helpful to the country as it is portrayed in the popular mainstream media promoting the tax breaks.
    I understand ..... but far to many times .. an op like that just turns into a business bashing post .. and as I see it that accomplishes little .. -chuckles- that has been proven already in our government .. all democrats want to do is tax them more .. .all republicans want to do is reduce their taxes .... and neither side has sat down with business and discussed what needs to be done to get them to begin hiring and expanding .

    I know my opiinions mean little or nothing, but I was for letting all the tax cuts expire, I don't think it would have influenced business one way or the other. Admittedly as a conservative there are parts of that tax expiring that I would have hated .. one is the death tax ... IMO .. that is double taxation because you paid for those things you pass to your children with after tax dollars .. I see no reason to be taxing it again ... but I would rather have seen something permanent ... we can always go back and revisit things like that in better times ..

    As I said .. it's in a way a chain .. . you can't remove the link of business, any more then you can remove the middle class .. one promotes the other ..

  2. #12
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    Re: Profits thrive in weak recovery

    Quote Originally Posted by Gargantuan View Post
    Profits Thrive in Weak Recovery - WSJ.com



    So tax cuts on corporations are the answer right? Obviously if we give corporations less of a tax burden, they will have even more enormous profits, so they can hire more workers, right? Yeah, no.
    Next step is to stop being political with the debt ceiling and budget cuts, so the rest of the recovery can get underway.

    No one wants to hire with all the uncertainty.
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    Re: Profits thrive in weak recovery

    Quote Originally Posted by Harry Guerrilla View Post
    Next step is to stop being political with the debt ceiling and budget cuts, so the rest of the recovery can get underway.

    No one wants to hire with all the uncertainty.
    Excellent point

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    Re: Profits thrive in weak recovery

    Quote Originally Posted by Gargantuan View Post
    Excellent point
    My guess is that most companies are hedging and saving the excess cash, because of the uncertainty.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Profits thrive in weak recovery

    Quote Originally Posted by Harry Guerrilla View Post
    Next step is to stop being political with the debt ceiling and budget cuts, so the rest of the recovery can get underway.
    No one wants to hire with all the uncertainty.
    I think people would be willing to hire in the face of uncertainty if they thought they could make more money in the mean time.
    It's not like businesses can't lay some one off when it's no longer profitable to keep them on.
    I may be wrong.

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    Re: Profits thrive in weak recovery

    Quote Originally Posted by Harry Guerrilla View Post
    My guess is that most companies are hedging and saving the excess cash, because of the uncertainty.
    Hogwash. If they could make more money at the moment, they would do so.

    I think the "too much uncertainty" meme is political hogwash.
    I may be wrong.

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    Re: Profits thrive in weak recovery

    Quote Originally Posted by The Barbarian View Post
    I understand ..... but far to many times .. an op like that just turns into a business bashing post .. and as I see it that accomplishes little .. -chuckles- that has been proven already in our government .. all democrats want to do is tax them more .. .all republicans want to do is reduce their taxes .... and neither side has sat down with business and discussed what needs to be done to get them to begin hiring and expanding .

    I know my opiinions mean little or nothing, but I was for letting all the tax cuts expire, I don't think it would have influenced business one way or the other. Admittedly as a conservative there are parts of that tax expiring that I would have hated .. one is the death tax ... IMO .. that is double taxation because you paid for those things you pass to your children with after tax dollars .. I see no reason to be taxing it again ... but I would rather have seen something permanent ... we can always go back and revisit things like that in better times ..

    As I said .. it's in a way a chain .. . you can't remove the link of business, any more then you can remove the middle class .. one promotes the other ..
    You know I get doubled taxed every day

    I pay income taxes on my income, I then have to pay taxes on that taxed income for sales taxes, gas taxes, property taxes. All are being paid for from my income which has been taxed already.

    Then as you collect SS which was taxed from your income, you get taxed on the SS you receive as well
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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    Re: Profits thrive in weak recovery

    Quote Originally Posted by Harry Guerrilla View Post
    My guess is that most companies are hedging and saving the excess cash, because of the uncertainty.
    Or they dont need to expand to meet current demand in general
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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    Re: Profits thrive in weak recovery

    There is a problem with many of these articles. Many times they will interchange "income" and "profits". Many companies have raised their prices because of inflation. They have increased the money they bring in. That doesn't always equate with an equal profit.

    Also we need a breakdown on the businesses profiting. Investment banks and the similiar are doing very, very well because we as taxpayers are filing their coffers.

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    Re: Profits thrive in weak recovery

    Quote Originally Posted by Gargantuan View Post
    Profits Thrive in Weak Recovery - WSJ.com



    So tax cuts on corporations are the answer right? Obviously if we give corporations less of a tax burden, they will have even more enormous profits, so they can hire more workers, right? Yeah, no.
    QMFT. Can't even tell you how many times I've made that point in the past week or so.

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