View Poll Results: Would you vote for Herman Cain for president?

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Thread: Herman Cain for president?

  1. #681
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    Re: Herman Cain for president?

    Quote Originally Posted by cpwill View Post
    that is partially true; if you slashed all tax rates in extreme ways, it would be possible to aim for below-the-18.5%-historical-average.

    but so far, we haven't come close at all to reaching that tipping point. quite the opposite:

    Personal income tax revenues are also a function of how much personal income people have. When you outsource jobs to other countries, it really doesn't matter what the tax rates may be, all of that income is lost. When jobs go to illegals who will work for low wages, that money doesn't generate revenues either. When any market forces keep incomes low, that also keeps revenues low. The long term solution is for the average citizen to make more money.

    Right now, the trend in wages is downward.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Herman Cain for president?

    Quote Originally Posted by Bigfoot 88 View Post
    Job outsourcing is when a U.S. company decides to leave and pursue production where it is cheaper to hire workers. I will retract my statement about penalites, however incentives need to be given to companies that choose to hire American workers.
    Why punish companies whos job is to make money? If you really want to get to the root of the outsourcing problem, look at corporate taxes and how minimum wage disallows individual workers to bargain with a prospective employer for a wage. Protectionism is a fools errand.
    Jackboots always come in matched pairs, a left boot and a right boot.

  3. #683
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    Re: Herman Cain for president?

    Quote Originally Posted by Cold Highway View Post
    Why punish companies whos job is to make money? If you really want to get to the root of the outsourcing problem, look at corporate taxes and how minimum wage disallows individual workers to bargain with a prospective employer for a wage. Protectionism is a fools errand.
    That's just it....give tax incentives so that they will save the money.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

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    Re: Herman Cain for president?

    Quote Originally Posted by Cold Highway View Post
    Why punish companies whos job is to make money? If you really want to get to the root of the outsourcing problem, look at corporate taxes and how minimum wage disallows individual workers to bargain with a prospective employer for a wage. Protectionism is a fools errand.

    This sounds nuts. "how minimum wage disallows individual workers to bargain with a prospective employer for a wage"
    ???????. Please explain what you are talking about.

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    Re: Herman Cain for president?

    We should eliminate the minimum wage in my opinion.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

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    Re: Herman Cain for president?

    Raising taxes on the top brackets brings lots of money into the federal government to reduce the deficit. In the past, taxes were much higher than they've been over the past 30 years. In fact, for most of the past 94 years to bracket taxes were 70-94 % (and from 1936 to 1963 they were never less than 79%). So, revenues weren't high ? Loopholes existed.

    Well, if loopholes exist, then you close those loopholes. That's what we're paying our Congressmen to do. So they do their jobs or we let them know, after the next election, they won't be around any more.

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    Re: Herman Cain for president?

    Quote Originally Posted by Bigfoot 88 View Post
    We should eliminate the minimum wage in my opinion.
    While a business owner, with branch offices in 3 counties, I fought against my state legislators who refused to RAISE the minimum wage. At the time, (1980's) the California minimum wage was around $4.00/hour, only slightly higher than the federal minimum. This was my business' biggest problem.
    I would have loved to have had a minimum wage of $20/hour. Then, the callers to my business would have had the money to buy the stuff I was trying to sell.

    It was very discouraging, when asking the callers how much they could give me for a down payment for a membership in my club (a video dating service), only to hear them say "Uh, ten bucks". Or "Uh, fifty bucks" (the minimum down was $250). And why was that ? Because somebody out there is paying them minimum wage, that's why.

    Problem with low minimum wages is that is keeps the disposeable income in the community around you, to a level where you can't sell anything. RAISE the minimum wage ! I said it then. I say it now.

    PS - let's not forget that many businesses pay their help on a commission only basis (car sales, furniture, etc). For these businesses the low minimum wage is total lost income.
    Last edited by Scanner; 06-05-11 at 06:38 PM.

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    Re: Herman Cain for president?

    Quote Originally Posted by Dittohead not! View Post
    Personal income tax revenues are also a function of how much personal income people have. When you outsource jobs to other countries, it really doesn't matter what the tax rates may be, all of that income is lost.
    yes, and then when the freed up capital creates other jobs, you get the revenue from there. conversely, when you put into place protectionism and destroy American jobs, you reduce revenue.

    When jobs go to illegals who will work for low wages, that money doesn't generate revenues either
    one of the reasons I'm in favor of the Fair Tax.

    When any market forces keep incomes low, that also keeps revenues low. The long term solution is for the average citizen to make more money.
    which is why we should free up our market and reduce regulation.

    Right now, the trend in wages is downward.
    right now the trend in wages is effected by the fact that we have an idiotic fiscal policy, and the percent of GDP that we see in revenues is the same way.

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    Re: Herman Cain for president?

    Quote Originally Posted by Scanner View Post
    While a business owner, with branch offices in 3 counties, I fought against my state legislators who refused to RAISE the minimum wage. At the time, (1980's) the California minimum wage was around $4.00/hour, only slightly higher than the federal minimum. This was my business' biggest problem.
    I would have loved to have had a minimum wage of $20/hour. Then, the callers to my business would have had the money to buy the stuff I was trying to sell.
    no, because they would have been unemployed.

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    Re: Herman Cain for president?

    Quote Originally Posted by Scanner View Post
    While a business owner, with branch offices in 3 counties, I fought against my state legislators who refused to RAISE the minimum wage. At the time, (1980's) the California minimum wage was around $4.00/hour, only slightly higher than the federal minimum. This was my business' biggest problem.
    I would have loved to have had a minimum wage of $20/hour. Then, the callers to my business would have had the money to buy the stuff I was trying to sell.

    It was very discouraging, when asking the callers how much they could give me for a down payment for a membership in my club (a video dating service), only to hear them say "Uh, ten bucks". Or "Uh, fifty bucks" (the minimum down was $250). And why was that ? Because somebody out there is paying them minimum wage, that's why.

    Problem with low minimum wages is that is keeps the disposeable income in the community around you, to a level where you can't sell anything. RAISE the minimum wage ! I said it then. I say it now.

    PS - let's not forget that many businesses pay their help on a commission only basis (car sales, furniture, etc). For these businesses the low minimum wage is total lost income.
    And when those employees made 20 bucks an hour, their employer's business would fail and you wouldn't have any customers.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

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