Galt's Gulch

Elizabeth Warren’s Tax Warning

Posted by $ KahnQuest 8 years, 5 months ago to Government
28 comments | Share | Flag

Apologies up front, as this is subscriber-only content. However, it is an excellent takedown of Sen. Warren's opinions on corporate tax reform.
SOURCE URL: http://www.wsj.com/articles/elizabeth-warrens-tax-warning-1448061976

Add Comment

FORMATTING HELP

All Comments Hide marked as read Mark all as read

  • Posted by coaldigger 8 years, 4 months ago
    Taxes, by definition, are stealing from one entity to give to another. Only the corrupt would suggest that you could find good results from something that has it's roots in evil.
    Reply | Mark as read | Best of... | Permalink  
  • Comment hidden by post owner or admin, or due to low comment or member score. View Comment
  • Posted by $ MichaelAarethun 8 years, 4 months ago
    All of this is a moot point. Businesses pay zero taxes. They pass them on to the consumer like any other overhead. Cost of Government IS a Cost of doing business.

    Pfizer's move is for other reasons using the tax dodge excuse as an excuse.

    The same as blaming religion for war.

    It's economics and business is war by another name.
    Reply | Mark as read | Best of... | Permalink  
      -
    • Comment deleted.
      • Comment hidden by post owner or admin, or due to low comment or member score. View Comment
      • Posted by $ MichaelAarethun 8 years, 4 months ago
        easy way is switch to end user consumption tax with only 'that which it takes merely to survive' as an exemption or deduction. Food, shelter, clothing, medicine, air, water. A Right To Life Exemption. That's 1.

        2. Government is not allowed to go into debt except for true national emergencies, war or natural disasters. And then must repay that debt as the first item of next years budget.

        3. Disaster by Government is not counted.

        the rest follows.
        Reply | Mark as read | Parent | Best of... | Permalink  
      -
    • Posted by $ KahnQuest 8 years, 4 months ago
      You're correct that the costs are passed on to consumers, but the results still make a difference. If corporations keep moving out then Americans will end up paying for the governments of other countries.
      Reply | Mark as read | Parent | Best of... | Permalink  
      • Comment hidden by post owner or admin, or due to low comment or member score. View Comment
      • Posted by $ MichaelAarethun 8 years, 4 months ago
        Yes but then the US Government adds on import duties and tariffs so the US consumer gets to pay twice and have no jobs left to earn the money to pay once, twice or ......!

        The myth of tariffs someone always loses...for someone else to gain.
        Reply | Mark as read | Parent | Best of... | Permalink  
          -
        • Posted by $ KahnQuest 8 years, 4 months ago
          Right, so then we're back at the answer suggested by the article. Turn the US into a less-hostile environment for business.
          Reply | Mark as read | Parent | Best of... | Permalink  
          • Comment hidden by post owner or admin, or due to low comment or member score. View Comment
          • Posted by $ MichaelAarethun 8 years, 4 months ago
            That's up to the leaders of the pack. Currently Socialist corporatist statists, socialist statist corporatists and a few socialist union leaders.

            But essentially you are correct. The opposite withing the triad itself occurred in 2008 when th the small banks were driven out of business by government edict and regulation changing along with the last cycle of economic repression.

            So less hostile depends on which business you are talking about. Apparently Pfizer wasn't in the inner circle or perhaps they are because all propaganda aside the move is purely economic
            Reply | Mark as read | Parent | Best of... | Permalink  
    -
  • Posted by $ jbrenner 8 years, 4 months ago
    Regarding corporate taxes, Pfizer announced today that they will buy Allergan and move both to Ireland to reduce their corporate tax exposure. This comes twenty years after Pfizer bought out most of the pharma companies in Michigan, right as I was looking for jobs at those companies Pfizer bought out and downsized out of existence in the 1990s.
    Reply | Mark as read | Best of... | Permalink  
      -
    • Comment deleted.
        -
      • Posted by Solver 8 years, 4 months ago
        Think of all the children and unborn who are going to be forced to pay a progressively growing debt caused mostly by those ill-named regresives who are constantly creating numerous expensive politically correct individual rights destroying dependency rules.
        Reply | Mark as read | Parent | Best of... | Permalink  
        • Comment hidden by post owner or admin, or due to low comment or member score. View Comment
        • Posted by $ MichaelAarethun 8 years, 4 months ago
          Apply the generational formula x+y=Zero. They won't notice and run to their safe space for a pouting contest.

          For the rest of us it's a matter of no choice. Choice was when you could have have voted the bastards out. Fourty or fifty years ago.

          The choices are running out.
          Reply | Mark as read | Parent | Best of... | Permalink  
        • Comment hidden by post owner or admin, or due to low comment or member score. View Comment
        • Posted by james464 8 years, 4 months ago
          What evidence do you have that America is going to have to repay the debt? Why hasn't it been called yet?
          Reply | Mark as read | Parent | Best of... | Permalink  
          • Comment hidden by post owner or admin, or due to low comment or member score. View Comment
          • Posted by $ MichaelAarethun 8 years, 4 months ago
            The evidence is to the contrary if you speak of America meaning the government. They have shown no indication of paying off debts and plenty of reason through contrived inflation, devaluation and straight up hands down debt repudiation to more than suspect the opposite. They have no intention of ever paying the bill.

            If you speak of America the people when they tire of being tax slaves to the Government they will not pay the government's debt but repudiate it in whole. Starting with the moochers and looters who have nothing left to loot and nothing left to mooch. The producers will step to the side and let the looters and moochers duke it out. Then pick up the pieces and start over.
            Reply | Mark as read | Parent | Best of... | Permalink  

FORMATTING HELP

  • Comment hidden. Undo