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America's new 1%?
- Thread starter zuben el genub
- Start date
SiempreTuna
Android Expert
It's a strange world where Bill Gates - once the most riviled man in business - turns out to have been the only good guy among 'em 
Bob Maxey
Android Expert
It's a strange world where Bill Gates - once the most riviled man in business - turns out to have been the only good guy among 'em
Read your history.
Gates was never "the most reviled man in history." Not by a long shot. Strong words, I must say.
psionandy
Extreme Android User
which problem was it that you were thinking that would solve?
zuben el genub
Extreme Android User
If corporations don't contribute - it means the rest of us have to. I don't want to make up their shortfall. Someone has to support the 3 letter agencies to keep us safe.
(salt shaker)
(salt shaker)
Corporations simply pass on their taxes to the consumer. Try not to have such a narrow view and look at the bigger picture.
copestag
Android Expert
I dont think they would pass on the savings...... nor should they
there is no logical reason whatsoever to pass on any savings
however if you lowered the tax rates to something more in line with the rest of the world they may bring that money back home to be spent in American businesses....... and a lot of jobs along with it
there is no logical reason whatsoever to pass on any savings
however if you lowered the tax rates to something more in line with the rest of the world they may bring that money back home to be spent in American businesses....... and a lot of jobs along with it
Gmash
Extreme Android User
It's a strange world where Bill Gates - once the most riviled man in business - turns out to have been the only good guy among 'em
True. Bill Gates was one of the few who actually realised he had enough money, and started giving it away. For most it is never enough.
Bob Maxey
Android Expert
Absolutely. If corporations must pay more, we must pay more.
People see Apple or MS or Oricle and say, get rid of their tax breaks, but there are many small businesses that would be hurt as well.
zuben el genub
Extreme Android User
I ain't your average consumer. I don't give an RA about the latest, greatest, fashion, new car, entertainment.
If I don't buy it, I don't pay for it. So now there's a shortfall that someone will decide to either tax or add a fee to. I am not purchasing stuff I don't want just to cheapen the mdse for everyone else.
How much cheaper do you think an Iphone would be if everyone bought one?
I have no idea what you're trying to say. Seems like something along the lines of, "I only look out for me". Forget cheaper merchandise. By eliminating the corporate income tax of C corps you would add about 109 trillion to revenue for the federal government in the next 100 years. With gdp growth of anywhere between 2-8%. But I guess a strong economy just isn't a good idea.
zuben el genub
Extreme Android User
https://miter.mit.edu/the-unexotic-underclass/
I just have a feeling people are being entertained with bread and circuses to keep their minds off their real problems. Most of the stuff marketed is fluff and you don't need it and you are bored if you don't get it. I've seen posts on here whining about wanting the Nexus 5 or the latest greatest thing already.
Ever since the dot com started, everyone wants to make their pile overnight and to hell with everyone else. I think some humans are devolving. They act like pack animals.
I simply don't need stuff. Why should I buy it? My 1996 truck gets almost the same gas mileage as today's cars. We have a 1994 Infiniti that surpasses most of them. Keep up with the Joneses? Why? My 20 year old cast iron cooks just as well today as it did when I bought it.
If I wish to change the look of the house - I can make slipcovers, curtains, whatever to MY specifications and not what some stupid designer or marketer seems to think I should have. There's always second hand stuff, too. I haven't been in a true department store in years. They simply have nothing I want.
We went without for years. Our house, cars and all other belongings are paid for. We put money into educational stuff for kid.
BTW - if I make it, it isn't necessarily cheaper, but it will last a helluva lot longer.
Food? We eat to live, not live to eat. I don't care if it's bread and water.
Entertainment? Taking the telescope out and stargazing is free. Birdwatching is free.
Other nature watching is free. Going for a walk is good for you.
We were taught:
Use it up,
Wear it out;
Make it do,
or do without.
Trickle down didn't work then, and it won't work now.
I just have a feeling people are being entertained with bread and circuses to keep their minds off their real problems. Most of the stuff marketed is fluff and you don't need it and you are bored if you don't get it. I've seen posts on here whining about wanting the Nexus 5 or the latest greatest thing already.
Ever since the dot com started, everyone wants to make their pile overnight and to hell with everyone else. I think some humans are devolving. They act like pack animals.
I simply don't need stuff. Why should I buy it? My 1996 truck gets almost the same gas mileage as today's cars. We have a 1994 Infiniti that surpasses most of them. Keep up with the Joneses? Why? My 20 year old cast iron cooks just as well today as it did when I bought it.
If I wish to change the look of the house - I can make slipcovers, curtains, whatever to MY specifications and not what some stupid designer or marketer seems to think I should have. There's always second hand stuff, too. I haven't been in a true department store in years. They simply have nothing I want.
We went without for years. Our house, cars and all other belongings are paid for. We put money into educational stuff for kid.
BTW - if I make it, it isn't necessarily cheaper, but it will last a helluva lot longer.
Food? We eat to live, not live to eat. I don't care if it's bread and water.
Entertainment? Taking the telescope out and stargazing is free. Birdwatching is free.
Other nature watching is free. Going for a walk is good for you.
We were taught:
Use it up,
Wear it out;
Make it do,
or do without.
Trickle down didn't work then, and it won't work now.
ElasticNinja
Android Expert
The general idea I hear among economists is that no, trickle down doesn't work.
However indeed, consumer confidence does, and trickle down economics doesn't help that.
Bob Maxey
Android Expert
How aboput food, clothing and everything else you require that is made or sold by corporations? Quite likely, your local Mom and Pop store is a corporation.
When you punishing corporations, it is not just the big ones. It is people like me, for example.
Bob Maxey
Android Expert
I thought that as well.
Some people want to punish the Apples, Googles and others, not understanding that whatever is done to cause the big guys pain, is passed on to the little old consumer and the large corporations get past it. The big ones do not often suffer like the thousands upon thousands of smaller corporations.
Most economists fall between demand side (consumer buying) or supply side (companies that produce goods and services). About the only thing not working right now is QE.
ElasticNinja
Android Expert
Well QE seems to be working to an extent. I find it funny that in the US QE is said to be the problem, but in Europe many feel that lack of QE is the problem.
myandroid101
Newbie
he donated a lot too, don't forget
OutofDate1980
Android Expert
The U.S. is or close to becoming a fascist, or as the inventor of the word preferred, corporate state, thanks to the U.S. Chamber of Commerce and the American Legislature Exchange Council (ALEX).
Inching Toward FDR: President Obama and the Struggle for Financial Reform | Roosevelt Institute
"The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic State itself. That, in its essence, is fascism –ownership of government by an individual, by a group or by any other controlling private power." FDR
Inching Toward FDR: President Obama and the Struggle for Financial Reform | Roosevelt Institute
"The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic State itself. That, in its essence, is fascism –ownership of government by an individual, by a group or by any other controlling private power." FDR