How Wealth Redistribution Has Broken the Back of America

Discussion in 'Too Hot for Swamp Gas' started by philnotfil, Oct 7, 2013.

  1. g8orbill
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    no nana I don't- I would institute the fair tax and have zero corp income tax and that alone should allow them more than enough for R&D

    in addition every person who worked would receive 100% of their pay check(minus those who live in a state with state income tax)then a person would be taxed on what they spend-the poor would get a prebate to cover their essentials and then those with more money would spend more money and pay more in taxes
  2. gatornana
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    ^^^^^That'll never happen. Any sort of tax reform will continue to redistribute wealth to the top. The Cato Institute is a conservative think tank as most know....it's scary even they are concerned about the growing concentration of wealth at the top.
  3. HallGator
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    Just because someone thinks corporations should be looked at in how they do/or do not pay taxes or what kind of breaks they may get which are not available to small businesses does not mean that person wants to soak the wealthy. It is not a dichotomous position where it is one way or the other. That's often the problem around here there seems to be a feeling amongst some that there is only a left vs right, us vs them, way to look at things. Nothing could be further from the truth.
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  4. QGator2414
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    :roll:

    So because someone has built some wealth they should be taxed on it yearly?

    Statists have some disturbing beliefs...
  5. OklahomaGator
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    The tax code definitely needs simplification. There really is no need for the corporate income tax at all if you change the dividend tax rate to a normal income tax rate. The dollars that are going to pay corporate taxes could be paid out as dividends to shareholders and not taxed twice.

    One of the items listed in your CATO report is the Agriculture Marketing Service. I don't know about all of the commodities they manage but I know in our industry we pay a hefty fee to the AMS for their work. Basically, it allows the industry to have a mandatory marketing fee paid by everyone in the industry and that can be used for research and generic marketing. The AMS makes sure everyone pays their fair share and the other activities are done fairly as well. For that, AMS sends us a hefty bill every quarter.
  6. 108
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    It's the same reason they rail against welfare subsidies and not farm subsidies
  7. 108
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    Go further then that, do you really believe prices would get reduced if companies saw their profit margins go up due to a decrease in taxes?

    I don't for a second
  8. gatorman_07732
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    gatorman_07732 Well-Known Member

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    You couldn't be more wrong
  9. gatornana
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    More corporate welfare.....Big Ag and some Congressmen.

    From The Blaze:

    http://www.theblaze.com/contributions/members-of-congress-get-millions-in-farm-subsidies/
  10. HallGator
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    It costs an estimate $10 million to run for a job that pays less than $200K a year. Even if you figure in legitimate perks there is a reason people will sell their souls for those jobs and it's hard to believe the reason for most of them is so they can serve their constituents. That is unless they figure constituents to mean those who line their pockets with gold.
  11. gatorman_07732
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  12. gatornana
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    Going to borrow a phrase from our friend Jersey......CORRUPTION RULES!

    The points in the original link all spell doom if we continue to tolerate this.
  13. philnotfil
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    philnotfil Well-Known Member

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    cruz.senate.gov

  14. fubar1
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    I didn't say prices would get reduced.

    But, there'd be less pressure to raise them. And, it's a big AND...if profit margins increase then shareholders (part of the me and you I referenced) profit...AND companies have more money to invest in R&D, creating more economic growth, etc.

    Sure, some of it goes to the executives, but that's a smidgeon compared to the overall profits of a corporation.

    My greater points aren't about mandating lower corporate taxes, but about eliminating unnecessary favortism in the tax code and getting folks to think about who really pays those taxes.
  15. gatorman_07732
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    http://blog.heritage.org/2013/06/10/senator-ted-cruz-says-farm-bill-does-much-more-harm-than-good/
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  17. G8trGr8t
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    Kind of like public sector unions huh except unions also supply manpower to get the proper voters to the polls
  18. gatorman_07732
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    Have you even read the link I provided about Cruz's vote on the bill and what he had to say? It's the Democrats and "Pubs business as usual crowd that supports big agriculture getting subsidies.
  19. rpmGator
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    rpmGator Well-Known Member

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    Q

    You read my response to the one percent paying thirty seven percent of the taxes.

    Which is lower than the percent of the total they have.

    My point is, too much inactve money hurts the and it fg has to keep moving if
    all are to profit.

    To me the Chinese and other nations or AQ are our true foes while idiots only fight other
    Americans.
  20. QGator2414
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    rpm,

    Do you think "wealthy" people have their wealth buried in the sand? I think they have it invested or active.

    Now to get to the apples to apples comparrison...

    The top 1% makes 20% of agi and pays 38% of federal income taxes based on this article.

    http://www.financialsamurai.com/2011/04/12/how-much-money-do-the-top-income-earners-make-percent/

    So please understand they pay a lot. In fact more than their "share" if we want to play that game... :)

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