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Thread: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

  1. #361
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    Do I need to repeat my question?

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"




    "I have been thinking that I would make a proposition to my Republican friends... that if they will stop telling lies about the Democrats, we will stop telling the truth about them."
    --Adlai Stevenson, Politician





  3. #363
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    You didn't answer. It was a yes/no question, not a request for wikipedia regurgitation.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by j-mac View Post
    30 years is too long. We need things to begin to happen in upward gains immediately.
    Its not possible to fix this problem overnight that was 30 years in the making.

    How about the people that are not paying anything? Should they participate, or should someone pay for them based on their success in this country?
    You mean the unemployed, seniors and the poor? How about we put them to work with living wages so they make enough to pay taxes?
    You think maybe its time to eliminate the tax breaks for outsourcing US jobs?

    And what do you suppose that would do to the drive toward success?
    Jobs are always preferable to welfare.

    Would you then agree that along with ending those breaks that look damaging, should also be accompanied with a lowering of the Corp. tax rates to encourage repatriating that money, jobs, and business back to our country?
    No, I would not, as it was a failure when we did that in 2004:

    "WASHINGTON -- The 15 companies that benefited the most from a 2004 tax break for the return of their overseas profits cut more than 20,000 net jobs and decreased the pace of their research spending, according to report from the Democratic staff of the Senate Permanent Subcommittee on Investigations released Monday night.

    The report warned against repeating the tax break, calling the 2004 effort "a failed tax policy" that cost the U.S. Treasury $3.3 billion in estimated lost revenues over 10 years and led to U.S. companies directing more funds offshore. U.S.-based multinationals often defer bringing back profits earned abroad to avoid paying U.S. taxes on them.

    The 15 companies that repatriated the most after the 2004 tax break on the return of overseas profits later cut a net 20,931 jobs between 2004 and 2007 and slightly decreased the pace of their spending on research and development, found the report surveying 19 companies' activity."

    Report: Repatriation Tax Holiday a 'Failed' Policy - WSJ.com
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Dickieboy View Post
    Please provide supporting calculations for this global claim.
    Our military budget is about $700 billion dollars. Half that times 30 years is $10.5 trillion dollars.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Quote Originally Posted by Catawba View Post
    You mean the unemployed, seniors and the poor? How about we put them to work with living wages so they make enough to pay taxes?
    1). Doing what?
    2). "We?" Do you mean the federal and state governments?

    Jobs are always preferable to welfare.
    Mandating that those with jobs/money employ those without is the same concept as welfare.

  7. #367
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    Quote Originally Posted by Catawba View Post
    Our military budget is about $700 billion dollars. Half that times 30 years is $10.5 trillion dollars.
    Assumes the DoD budget would otherwise remain around $700 Billion per year.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Neomalthusian View Post
    1). Doing what?
    2). "We?" Do you mean the federal and state governments?
    Doing what needs to be done. We need to implement the jobs plan until there is enough people consuming to create the demand needed for the the private market again start production.


    Mandating that those with jobs/money employ those without is the same concept as welfare.
    I have seen no proposals to mandate hiring quotas for private industry. Got a link?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Neomalthusian View Post
    Assumes the DoD budget would otherwise remain around $700 Billion per year.
    It won't if we cut it, that's my point.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Quote Originally Posted by Catawba View Post
    Doing what needs to be done. We need to implement the jobs plan until there is enough people consuming to create the demand needed for the the private market again start production.
    We already budgeted $1.6 trillion above what we can afford this year, which ended up giving lots of people government jobs to do. You nonetheless want to "put people to work." Doing what?

    I have seen no proposals to mandate hiring quotas for private industry. Got a link?
    So you mean government jobs then. That's what I figured, just making sure.

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