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post #831 Старый 15.05.2010, 16:43
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Примеров обществ в которых работает социализм - множество, но они все закрытые. Вот и всё

Or they have a mandatory military service for young men. Or they exist purely on their oil money, like Norway. *Or they live like there is no tomorrow, like Greece. *Or they soon will be outnumbered by *freedom loving Muslims like France, Great Britain, Sweden... *
Does not look like a great model to me
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post #832 Старый 16.05.2010, 01:46
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I have to ask this question here, since all my friends support social orientation of Obama's cabinet:
who of you owes a business and how does it go?
I do see the necessity to tax big corporations really high in order to give small businesses a tax relief, in order to survive.
Tax policy is not a penalty. Based on the %-age they still will get more money. However paying high taxes can be avoided by doing good deeds: sending your employees to schools, opening gyms, getting better environment, giving to charity, improving medical care, etc.
President Bush lowered taxes for businesses, that run outside of USA,using foreign labor, right before this crisis unfolded.
If we are living in the country, where business is based on competitions, why do we have here so big % of professional foreigns? May be because the main principle of the capitalism: equal opportunities, is not really realized in the country. Unless you are a genius, you can't get a good education without money.
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post #833 Старый 16.05.2010, 03:15
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who of you owes a business and how does it go?
I owe a small business. My accountant says that this year the federal taxes will be a bit less. However,the NY local taxes grow up (NY has democratic government). Moreover, recently new unreasonable taxes appear: for the use of public transportation, for example! The next step is to apply the taxes for swimming in the ocean, etc.
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post #834 Старый 16.05.2010, 03:20
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From the personal point of view I easily see how tea attack against the banks influence common people: the cash rewards for the use of credit cards went down (from 3-5% to 1.1% for Chase), Citi applied the annual fee for its credit card that I had for 6 years, and I had to close it. The overdraft payments increased. Since I have no experience in late payments, I cannot say that the interest paid to banks grew up, but I won't surprise to hear about that. These are a few results of Obama-like activity.
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post #835 Старый 16.05.2010, 03:22
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I own my business, a perfect example of a small business. I run it, doing everything: from typesetting my own brochures, to buying supplies, to dispatching and taking orders. I have about 12 people working for me, depending on the season. Some in the office, some on the road.
When evil, evil, Mr. Bush had his stimulus program and sent checks to people, I expanded my business to have an on-line grocery store, with the money that came from extra business. Now, the business is at its worst ,since we started it in 1995. I don't know where Obama's programs are working, but here, in Queens, NY, they are not. My customers simply don't have the money to afford my services, many are unemployed.
If Obama goes for big corporations and will tax them more, they will move out of USA completely, leaving millions of people jobless, and killing small guys like me.
But, hey, your friends don't thinks so. Yes you can!
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post #836 Старый 16.05.2010, 04:24
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I do see the necessity to tax big corporations really high in order to give small businesses a tax relief, in order to survive.
Tax policy is not a penalty

Valentina, I feel that you are contradicting yourself. Taxing big corporations for the sheer fact of being big sounds exactly like a penalty for doing more business, hiring more employees, having higher income, etc. to me.

Don't you see how this artificial manipulation of businesses will cause the chain reaction (exactly how Oleg describes it) that will in the end hurt the small businesses?

By taxing the large corps. too much the government discourages them from growing the business i.e. hiring more people, spending more money with their vendors, etc. This has a negative downstream effect on smaller businesses and the rest of the economy.
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post #837 Старый 16.05.2010, 04:40
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Valentina, unfortunately people who support Obama have very little understanding of economics. Even Obama's economists have wrong understanding of economics. They are mostly driven by ideology, not science. It's a very sad and scary truth.
There tons ( TONS!) of data and graphs showing an inverse relationship between taxation and economic growth. The higher the taxes, the slower the economic growth. It may seem counterintuitive to Obama supporters that lowering taxes will actually bring more money to the government. if they could just understand that axiome , the crisis would be over long time ago.
America has second highest corporate tax in the wolrd! Do your Obamunist friends know that? If it's raised even higher, what fool will want to do business in US? Why would they do business here, if they can do it in so many other countires wich lower their corporate taxes to lure businesses? ( Think Hong Kong, for instance)
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post #838 Старый 16.05.2010, 05:05
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Valentina, unfortunately people who support Obama have very little understanding of economics.
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well, then that's at least one thing they have in common with those who oppose him.
__________________________________________________ __
It may seem counterintuitive to Obama supporters that lowering taxeswill actually bring more money to the government. if they could justunderstand that axiome , the crisis would be over long time ago.
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and then we would live happily ever after. the end.
the brilliance of simplistic logic.
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post #839 Старый 16.05.2010, 05:29
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America has second highest corporate tax in the wolrd! Do your Obamunist friends know that?
------------------------------------------------------------
you're letting your ignorance show again.
"Ostensibly, the U.S. federal tax code requires corporations to pay 35 percent of their profits in income taxes.

But of the 275 Fortune 500 companies that made a profit each year from 2001 to 2003 and for which adequate information to draw conclusions is publicly available, only a small proportion paid federal income taxes anywhere near that statutory 35 percent tax rate. The vast majority paid considerably less.

In fact, in 2002 and 2003, the average effective tax rate for all of these 275 companies was less than half the statutory 35 percent rate. Over the 2001-2003 period, effective tax rates ranged from a low of -59.6 percent for Pepco Holdings to a high of 34.5 percent for CVS."
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post #840 Старый 16.05.2010, 05:31
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"Over the three-year period, the average effective rate for all 275 companies dropped by a fifth, from 21.4 percent in 2001 to 17.2 percent in 2002-2003.
The statistics are startling:
Eighty-two of the 275 companies, almost a third of the total, paid zero or less in federal income taxes in at least one year from 2001 to 2003. In the years they paid no income tax, these companies earned $102 billion in pretax U.S. profits. But instead of paying $35.6 billion in income taxes as the statutory 35 percent corporate tax rate seems to require, these companies generated so many excess tax breaks that they received outright tax rebate checks from the U.S. Treasury, totaling $12.6 billion. These companies' "negative tax rates" meant that they made more after taxes than before taxes in those no-tax years."
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