The Mudcat Café TM
Thread #133469   Message #3029211
Posted By: Bobert
11-Nov-10 - 08:06 AM
Thread Name: BS: The ax is falling
Subject: RE: BS: The ax is falling
"The government does not create wealth", GfinS??? Ours does... Exxon makes $30B a year, pays no corporate income taxes on that profit and gets $150,000,000 tax refund??? Farmers in the Midwest get checks in the mail that many don't even know what it's for??? Our government creates all kinds of wealth with dumbass tax policies that are in place because rich people give money to their Congressmen and lobbiests who in turn write dumbass policy that ****redistributes**** wealth to the already wealthy...

Now here's the rub... The working (middle) class has been on the short end of this dumbass tax policy (coupled with Boss Hog's union busting efforts also supported by our government)going on 35 years now and has found itself purdy much floundering... So, we're going to have to "repair" that damage done to the working class in order to correct the systemic failures of our economy... There ain't too many ways to do that other than for the goevernment to "undo" 30 years of bad tax policy and get some of that wealth back into the economy where it can be used by the working class... This, alone, will create "growth" in that the multiplicity factor kicks in as thoise dollars gets moved around...

Right now the rich won't even invest their money so the money just sits... The Fortune 500 alone are sitting on $1.7T... That money, if invested, would increase growth by at least 1% which would produce about 2,000,000 jobs, at the very least...

Letting the money sit, providing incentives for the rich to set up "off-shore" accounts in the Camen Islands and having a tax policy that promotes sending jobs overseas is what is killing our economy...

Do you realize, GfinS, that foreign nations are building infrastructure and plants for US businesses to get our jobs away from US??? And for free!!! And these assests are no taxable as assests?!?!?... Now if ABC Corp. builds a plant in the US the value of that assest is taxable much the way one's house is taxable... But Boss Hog got Congress to exempt those foreign plants??? That gives a major advantage to the foreign workers over the US workers...

I mean, you can go down the line and see one policy after another that all but screams "out-source"...

And we wonder why the working class ain't doing too well???

Beam me up, Scotty... There ain't much correct thinkin' goin' on down here...

B~