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Thread: U.S. Companies Now Stashing $2 Trillion Overseas

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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by imagep View Post
    I seriously doubt that any true economist buys into trickle down. Maybe some far right political talking heads, but last time I checked, none of those guys have PhDs in economics or have ever been employed as an economist.
    Well, it is distraction at best. From the OP an intentional way to ignore that tax policy created the very condition he is complaining about.

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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by Fenton View Post
    All Corporations pay nothing in taxes.

    It just gets passed on to the Consumer.

    Of-course I was well aware of this before Gruber called everyone bunch of idiots.

    You want to repatriate that money AND have it have a positive worthwhile economic effect ?

    Start by Killing Obama Care and reduce tax rates for Corporations down to zero.

    Cut Capital Gains taxes. Do things that actually work.
    This is contradictory. You should be talking about cause and effect.

    Yes corporations pay taxes, and spend a fortune lowering their liability through buying legislators. The preferred approach for that liability is to pass taxation costs down the line into higher prices for goods and services.

    What no one seems to want to admit is we have a simple solution that even Keynes himself alluded to. If we lowered corporate tax rates there would be downward pressure on prices for goods and services, and by effect we might see more of them purchased. Since our weak economic model is based upon consumer debt purchasing we might find more of that occurring.

  3. #43
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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by OrphanSlug View Post
    This is contradictory. You should be talking about cause and effect.

    Yes corporations pay taxes, and spend a fortune lowering their liability through buying legislators. The preferred approach for that liability is to pass taxation costs down the line into higher prices for goods and services.

    What no one seems to want to admit is we have a simple solution that even Keynes himself alluded to. If we lowered corporate tax rates there would be downward pressure on prices for goods and services, and by effect we might see more of them purchased. Since our weak economic model is based upon consumer debt purchasing we might find more of that occurring.
    Not likely. Household debt became astronomical before the recession and the bankruptcy laws were changed to make straight discharges harder to get. If gas prices remain low compared to recent years, there may be some pick up in demand. I have even gone out less and spent less in recent years even though I could have afforded otherwise in part because of the price of gas. I felt like I was being wasteful to even go window shopping or looking for ideas for projects.

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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    It's their money, why is it of any concern to anyone other than an owner/stock holder what they do with it? Unless , of course, you just see a big pile and think the government (and hence you by proxy) should get a slice just cuz.

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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by WallStreetVixen View Post
    The effective corporate tax rate really isn't a good indicator of capturing what Corporations pay in corporate taxes.

    If anything, it is probably misleading.
    What metric do you suggest one use to capture what corporations pay in corporate taxes?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by imagep View Post
    Then corporate taxation shouldn't be an issue at all. Thanks for clearing that up.


    Stop being so dishonest.

    I repeat, its an ISSUE because corporate taxes gets passed on to the Consumer in higher cost on goods and services.

    It also forces Corporations and Businesses to move away from locals which have high tax burdens.

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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by AlabamaPaul View Post
    Without employers, there will be no workers...
    Without customers, there would be no employers.

    Which comes first; the chicken or the egg?

    You have to ask yourself this: what business is going to produce just to fill up warehouses with goods that they can't sell?

    Businesses respond to demand. Without an increase in demand, there is no reason that any company would start producing more.

    More demand is created when consumers have more money in their pockets. Thus, if we desire business expansion, we need to be figuring out how consumers can get more money in their pockets.

    Tax cuts for those with the highest propensity to spend would be a good start.
    Last edited by imagep; 11-14-14 at 09:32 AM.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by Fenton View Post
    Stop being so dishonest.

    I repeat, its an ISSUE because corporate taxes gets passed on to the Consumer in higher cost on goods and services.

    It also forces Corporations and Businesses to move away from locals which have high tax burdens.
    Someone has to pay taxes. If we eliminated corporate taxes, we would have to increase individual income taxes, and the net effect on the economy would be just the same.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    Quote Originally Posted by WallStreetVixen View Post
    The effective corporate tax rate really isn't a good indicator of capturing what Corporations pay in corporate taxes.

    If anything, it is probably misleading.
    The tax rate they actually pay "isnt a good indicator of caputring what Corporations pay in corporate taxes"?


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    Re: U.S. Companies Now Stashing $2 Trillion Overseas

    So, lets pretend they bring all the money back? what happens? it gets confiscated to the coporate government we have and redistributed right back to them, and the politicians cronies.


    Government is too big. over taxes, and should be cut into about a third.
    Let evil swiftly befall those who have wrongly condemned us

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