Carrier is building a plant in Mexico and Americans are paying for it.
Not exactly like his campaign promises, is it?
Carrier is building a plant in Mexico and Americans are paying for it.
Not exactly like his campaign promises, is it?
DickoJerry wrote:
DiscoSteve wrote:"The math isn't that simple. You should check into the "Laffer Curve" which explains how reducing tax rates can increase revenue."
Actually, YOU should check into the Laffer Curve. It has been widely discredited.
No. The Laffer Curve is not widely discredited. Argued about, yes. Discredited, no.
"But I’d argue — and not just because Laffer has been a longtime friend and mentor — that his theory has actually held up pretty well these past 40 years. Perhaps its critics should be called Laffer Curve deniers."
Perhaps the most powerful vindication of the Laffer Curve comes from the many nations around the world that have successfully integrated supply-side economics into their fiscal policies. World Bank statistics reveal that almost every nation — from China to Ireland to Chile — has much lower tax rates today than in the 1970s. The average income tax rate among industrialized nations has fallen from 68 percent to less than 45 percent. The average corporate tax rate has fallen from nearly 50 percent to closer to 25 percent today. Political leaders learned from Reagan that in a globally competitive world, jobs, capital and wealth tend to migrate from high- to low-tax locations.
This vital link between low taxes and jobs has played out within the United States as well. It helps explain why, from 2002 to 2012, Texas — with no income tax — gained 1 million people in domestic migration, while almost 1.5 million more Americans left California, with its 12 percent top tax rate, than moved there.
--https://www.washingtonpost.com/opinions/the-laffer-curve-at-40-still-looks-good/2014/12/26/4cded164-853d-11e4-a702-fa31ff4ae98e_story.html
The laffner curve is a joke. Nuff said.
Only to Repubtards. The truth hurts--Laffer Curve holds well across the world for more than 40 years. Eat it Repubtard.
Carrier is building a plant in Mexico and Americans are paying for it.
Not exactly like his campaign promises, is it?
Trumpies... this is only the first of "the good deals" that your scamster President will do for you. Suckers.
Perhaps they should ask workers at Goldman Sachs, JP Morgan Chase, Bank of America, Wells Fargo, Citibank, Morgan Stanley, HSBC, AIG....
And 600 Carrier jobs are still moving to Mexico.
800 stayed through extortion efforts.
Great point, rojo. My politics do not align with yours, but this is a very important set of comparisons
Public subsidies for corporations is so ingrained in the Indiana economy that you wouldn't even think about it as native of Indiana. It would be like wondering if it is healthy that the air we breathe is made up of 78% nitrogen. It just is.
ryan foreman wrote:
Public subsidies for corporations is so ingrained in the Indiana economy that you wouldn't even think about it as native of Indiana. It would be like wondering if it is healthy that the air we breathe is made up of 78% nitrogen. It just is.
TRUMPTRUMPTRUMPTRUMPTRUMPTRUMP!!!!!! We are going to start winning so bigly from now on we're all going to forget what losing was like!
Trump is PROVING that pure free market capitalism without ANY direct government intervention is in the best interest of AMERICAN workers and our economy through his actions. We are seeing the oft spouted GOP economic logic of decreased government meddling in buisness in action.
BIGgovernment intervention=BAD wrote:
ryan foreman wrote:Public subsidies for corporations is so ingrained in the Indiana economy that you wouldn't even think about it as native of Indiana. It would be like wondering if it is healthy that the air we breathe is made up of 78% nitrogen. It just is.
TRUMPTRUMPTRUMPTRUMPTRUMPTRUMP!!!!!! We are going to start winning so bigly from now on we're all going to forget what losing was like!
Trump is PROVING that pure free market capitalism without ANY direct government intervention is in the best interest of AMERICAN workers and our economy through his actions. We are seeing the oft spouted GOP economic logic of decreased government meddling in buisness in action.
LOL! ^This...#MAGA!!!!!
Hark the Harold banjo sing wrote:
4334 wrote:Would that bother you?
Absolutely it would. But then again, I would never go on public assistance of ANY kind. And it would creep me out that some politicians were ultimately "keeping me."
You think you've never received public assistance?
No Way wrote:
Hark the Harold banjo sing wrote:Absolutely it would. But then again, I would never go on public assistance of ANY kind. And it would creep me out that some politicians were ultimately "keeping me."
You think you've never received public assistance?
Nope. The losers at carrier only bought themselves a year. Watch and kearn kids.
4334 wrote:
Would that bother you?
Yes. What Trump did was wrong. We need to change the corporate tax rate (for everyone) and close loopholes that encourage off-shoring of jobs, not do one-off deals like this. Trump's actions are a textbook example of crony capitalism. Not a smart move.
To be honest though, a true free market system would essentially doom the job prospects of many, many Trump supporters. There is no way to reconcile how much an American worker would need to make versus keeping US consumer prices at a level that those same workers would need to make everything workout economically.
rojo wrote:
For some reason, the mods deleted this thread. Mods, do not delete a thread if I post on it.
Rojo! You need to oust these moderators. They've always been churlish, and now they're turning insubordinate...
I'll volunteer to replace one of them. Gotta lot of time on my hands right now.
rojo wrote:
4334 wrote:Would that bother you?
If are an NFL player, are you upset that taxpayers have subsidized your 16 stadiums to the tune of $3 billion. There are only 1,696 players in the NFL so that's a subsidy of $1,768,867 per player. Contrast that to the Carrier deal, where the tax break is 7 million for 700 jobs so that a subsidy of just $10,000 per job.
http://www.huffingtonpost.com/entry/taxpayers-nfl-stadiums_us_55f08313e4b002d5c077b8acWould it bother you if you were a twitter employee or investor that your job/investment also benefits from a tax break?
http://www.sfgate.com/business/article/Companies-avoid-34M-in-city-taxes-thanks-to-6578396.phpWhat about fans of Google, Microsoft, Facebook, Apple, and Amazon, does it bother you that your companies have been "awarded more than $2 billion in subsidies combined, according to the report "Money Lost to the Cloud: How Data Centers Benefit from State and Local Government Subsidies." "
http://www.techrepublic.com/article/google-microsoft-facebook-apple-and-amazon-get-2b-in-data-center-tax-breaks-economic-benefit-unclear/I guess my point is that the government has been helping pick the winners and losers for a long, long time.
The stadium deals make me the maddest.
Fair point Rojo, but it's important to note that these tax reliefs have been on the state and municipal levels. It's rather unprecedented for the Federal government to intervene like Trump just did to prevent outsourcing, as it goes against the spirit of America's free trade commitments. From an economic perspective, it's unadvised give the tax break (amounting to a subsidy) just to Carrier, although an economy-wide reduction in corporate taxes would be great...
They are union workers and you need to ask if they care that their jobs are subsidized?
DickoJerry wrote:
DiscoSteve wrote:"The math isn't that simple. You should check into the "Laffer Curve" which explains how reducing tax rates can increase revenue."
Actually, YOU should check into the Laffer Curve. It has been widely discredited.
No. The Laffer Curve is not widely discredited. Argued about, yes. Discredited, no.
"But I’d argue — and not just because Laffer has been a longtime friend and mentor — that his theory has actually held up pretty well these past 40 years. Perhaps its critics should be called Laffer Curve deniers."
Perhaps the most powerful vindication of the Laffer Curve comes from the many nations around the world that have successfully integrated supply-side economics into their fiscal policies. World Bank statistics reveal that almost every nation — from China to Ireland to Chile — has much lower tax rates today than in the 1970s. The average income tax rate among industrialized nations has fallen from 68 percent to less than 45 percent. The average corporate tax rate has fallen from nearly 50 percent to closer to 25 percent today. Political leaders learned from Reagan that in a globally competitive world, jobs, capital and wealth tend to migrate from high- to low-tax locations.
This vital link between low taxes and jobs has played out within the United States as well. It helps explain why, from 2002 to 2012, Texas — with no income tax — gained 1 million people in domestic migration, while almost 1.5 million more Americans left California, with its 12 percent top tax rate, than moved there.
--https://www.washingtonpost.com/opinions/the-laffer-curve-at-40-still-looks-good/2014/12/26/4cded164-853d-11e4-a702-fa31ff4ae98e_story.html
Well, the Laffer Curve is indeed very valid. But you're missing what the curve actually is.
The Laffer Curve is the idea that there is an optimal tax rate at which government revenue is maximized. Back in the 1970s, Arthur Laffer asserted that the tax rate was so high, that economic activity was being hindered. He argued that any tax cuts would promote economic activity so much to actually increase government tax revenue.
Today, there is a lot of evidence to suggest that we are far below the optimal point of the laffer curve -- that is, we can increase taxes quite a bit, without hindering economic activity enough to cause a fall in government revenue. But don't take this as a policy prescription for higher taxes. There's a lot more to consider than just government revenue when determining optimal tax rate (is the economy in need of fiscal stimulus or austerity, what types of economic activity should we make costly, what types of taxes are conceived as 'fair' and thus politically feasible, etc.)
rojo wrote:
For some reason, the mods deleted this thread. Mods, do not delete a thread if I post on it.
Sorry boss. I deleted the thread without reading it. I promise I will never do that again.
Boss I enjoy your great posts and would never delete one on purpose.
Really sorry about it.
Ps you were always my favorite brother.
Trump gives a company $7 million tax cut to keep jobs in America.
Liberals are outraged.
Obama gives Iran $1,700,000,000.
...crickets....
Colin Sahlman runs 1:45 and Nico Young runs 1:47 in the 800m tonight at the Desert Heat Classic
Megan Keith (14:43) DESTROYS Parker Valby's 5000 PB in Shanghai
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Hallowed sub-16 barrier finally falls - 3 teams led by Villanova's 15:51.91 do it at Penn Relays!!!
Need female opinions: I’m dating a woman that is very sexual with me in public. Any tips/insight?
2024 Boston marathon - The first non-carbon assisted finisher ran..... 2:34