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Profits thrive in weak recovery

Lord Tammerlain said:
Then they are morons who should not be reporting on business news
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Nor science news, nor technology news, nor...
They should pretty much stick to reporting on what they went to school for--they can report on journalism news.

Seriously though, some of the mistakes they make sometimes make junior high schoolers cringe. I don't remember the article, but I saw one where 10^n+3 was explained as being three times as much as 10^n. I know it was outside their chosen field of study, but I think that's standard high school math. Isn't it?
 
PeteEU said:
Profits are up because they have cut their workforces... that profits then will go down because no one has work to buy their products is another matter for later on :)
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They cut their workforce, so they could maintain their profit margin.

Explain to us what has been accomplished by companies losing money. Many thanks!
 
Gargantuan said:
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.
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Why are people getting such hard-ons for companies making profits? What's to be gained from not making a profit?
 
apdst said:
Why are people getting such hard-ons for companies making profits? What's to be gained from not making a profit?
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That's not the idea. This isn't a class warfare thread. As Simon pointed out, this is about people constantly espousing the idea that cutting taxes on businesses will lead to more hiring. Obviously that is not correct.
 
Deuce said:
Wait a minute. A business needs to have customers with money to sell things to!?



Straw man. Nobody suggested that.
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Then, why all the boo-dayin over profitable companies of late?
 
Gargantuan said:
That's not the idea. This isn't a class warfare thread. As Simon pointed out, this is about people constantly espousing the idea that cutting taxes on businesses will lead to more hiring. Obviously that is not correct.
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Well...raising taxes sure as hell isn't going to lead to more hiring.

The constant threat of higher corporate taxes is--IMO--one of the main reasons that corporations aren't expanding.
 
apdst said:
Well...raising taxes sure as hell isn't going to lead to more hiring.

The constant threat of higher corporate taxes is--IMO--one of the main reasons that corporations aren't expanding.
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Businesses hire, when they expand to meet a growing demand...

So basic logic says the problem is the other side of the coin, companies aren't going to magically hire, when their consumer base can hardly afford food, electricity and gas bills, and let's not forget medical...
 
Jetboogieman said:
Businesses hire, when they expand to meet a growing demand...

So basic logic says the problem is the other side of the coin, companies aren't going to magically hire, when their consumer base can hardly afford food, electricity and gas bills, and let's not forget medical...
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If the government would get the hell out of the way, workers could make more money. And then what? Wait for it...wait for it...people would spend more money.
 
apdst said:
If the government would get the hell out of the way, workers could make more money. And then what? Wait for it...wait for it...people would spend more money.
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Explain to me what action by the government is stopping that from occurring. If you answer Obamacare, I'll come to the conclusion you have no idea.
 
Gargantuan said:
Explain to me what action by the government is stopping that from occurring. If you answer Obamacare, I'll come to the conclusion you have no idea.
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The drilling moratorium: other industries see the government's actions toward the oil and gas industry and say, "if they can do it to them, then they can do it to us".

Obama hardly lets a week go by without harping on tax hikes.

The 1099 law.

Over-regulation by the EPA.

Attacks on the coal industry and Obama's promise to bankrupt coal fired power plants.

Bombardment on businesses, both big and small, by the IRS.

CSA 2010.

Shall I keep going?

And yes, Obamacare will make it even more costly to hire an employee.

Ok...now...hows about you show us all the things that the government has done, to date, that will incourage private sector activity.
 
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apdst said:
Why are people getting such hard-ons for companies making profits? What's to be gained from not making a profit?
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apdst said:
Then, why all the boo-dayin over profitable companies of late?
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Simon W. Moon said:
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.
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I hope that helps explain the relevance.
 
Simon W. Moon said:
I hope that helps explain the relevance.
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I doubt it. He is going to class warfare route in his argument and specifically ignoring the economic impact argument. I suspect he does this because he knows he will lose the latter.
 
megaprogman said:
I doubt it. He is going to class warfare route in his argument and specifically ignoring the economic impact argument. I suspect he does this because he knows he will lose the latter.
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Can you explain how raising taxes on companies is going to help anything?
 
so few these days appear able to see a move ahead, even when what's coming is the size of a planet

certainly no one in this white house is capable of anticipating even the most obvious development, and these days even the msm's have their heads buried

anyway, it's been obvious for months that another huge AX is about to fall on this stagnating economy---draconian CUTS at the state level

payroll, primarily, but also bennies like unemployment and aid to dependent kids---when these spigots are cut off the downer on consumerism is gonna be intense

the public sector is about to take by far the biggest hit of our lifetimes and it's gonna comprise a gigantic drag on job growth

now that it's here, some are starting to see: State budgets are set to cause strain on the economy - Josh Boak - POLITICO.com

party on, progressives

seeya at the polls
 
Gargantuan said:
While also removing all loopholes, deductions, and subsidies...
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Some of the people who write headlines don't seems all that concerned about the actual accuracy of the headlines. This leads to some interesting conclusions from/for people who don't read the whole thing critically and for people who don't bother to access the source materials that articles sometimes come from.
 
President Bill Clinton says the nation’s corporate tax rate is “uncompetitive” and called for a lower rate as part of a “mega-deal” to raise the debt ceiling.

“When I was president, we raised the corporate income-tax rates on corporations that made over $10 million [a year],” the former president told the Aspen Ideas Festival on Saturday evening.

“It made sense when I did it. It doesn’t make sense anymore — we’ve got an uncompetitive rate. We tax at 35 percent of income, although we only take about 23 percent. So we should cut the rate to 25 percent, or whatever’s competitive, and eliminate a lot of the deductions so that we still get a fair amount, and there’s not so much variance in what the corporations pay. But how can they do that by Aug. 2?”
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Bill Clinton calls for corporate tax cut - Mike Allen - POLITICO.com

it is what it is---"uncompetitive"
 
apdst said:
Can you explain how raising taxes on companies is going to help anything?
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This, of course, is yet another example of you asking a different question and pretending this was your line of questioning all along when your argument is shut down.

You do this often.
 
the current rate is uncompetitive.

however, many of the current loopholes should be addressed / eliminated.
 
Gargantuan said:
Is that the topic of this thread? No.
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Actaully, the topic of the thread is, "Profits thrive in weak recovery", and the solution that some of you see for that problem, is higher taxes.


Do you think cutting taxes on businesses will help?
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No one's saying that taxes should be cut; only that taxes should be left as they are and a guarantee that they will stay that way, which will create confidence within the private sector.
 
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