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Controversial Social Issues Discussions concerning controversial social issues. Topics include politics, religion, culture, social and economic issues, etc. Respect required at all times.


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  #101 (permalink)  
Old 07-29-2006, 10:12 AM
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You are funny. You think that when corporations just grow money on trees when you tax them more? Who do you think ends up paying? They pass that cost on to the consumer, and onto their employees. In the end, individuals pay it. There's no way around that.
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  #102 (permalink)  
Old 07-29-2006, 10:33 AM
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we're dangerously close to Marxist conclusions here
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  #103 (permalink)  
Old 07-29-2006, 10:35 AM
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Originally Posted by littleFella
we're dangerously close to Marxist conclusions here
How so?
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  #104 (permalink)  
Old 07-29-2006, 10:38 AM
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the whole Marxist thing stems from who actually produces wealth, and who benefits from it to the greatest degree, the wealth distribution hoopla.

You can't really summarize what the man wrote (or signed as his own) in a few sentences. I hope you get the idea.
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  #105 (permalink)  
Old 07-29-2006, 10:41 AM
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I know Marxism, but I don't know how we could be closing in on a Marxist conclusion.
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  #106 (permalink)  
Old 07-29-2006, 10:52 AM
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As you correctly stated before, corporations do not grow wealth on trees. The wealth is produced by individuals. The individuals get only part (sometimes very small) of what the wealth they produce. Marx says this is fundamantally unjust and should be changed. Wealth should be distributed according to your actual input of ypour efforts. Your statements could be easilly a starting point to what proposed.
Let's take billgates. If Marx had his way, billy would not be worth $40B. He would be worth as much as the following formula:

((Worth of Microsoft Corp + his $40) / # of MS emploees including him) - some taxes for those who can't work.

There were some other "clauses" to his theory that have to do with welfare system, but this is the gist of it.
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  #107 (permalink)  
Old 07-29-2006, 10:53 AM
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*yawn*
 
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  #108 (permalink)  
Old 07-29-2006, 11:17 AM
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Originally Posted by kristeejo
*yawn*
oops, I guess you lost your way around these forums
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  #109 (permalink)  
Old 07-29-2006, 11:21 AM
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Originally Posted by kristeejo
*yawn*
you show up in the most random places
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  #110 (permalink)  
Old 07-29-2006, 12:28 PM
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tryin to make sure no one is in 'paradise'
 
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  #111 (permalink)  
Old 07-29-2006, 12:50 PM
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Any tax on a corporation is merely passed on to consumers. It's a "hidden" way of taxing voters while convincing the slow and the stupid that "someone else" is paying the tax.

This would be economically meaningless, if there were not such thing as international trade. International trade changes everything.

I've written up a (still fairly draft) article titled Sales Tax vs. Income Tax on this topic.

I list more tax information resources on my Tax Reform page.
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  #112 (permalink)  
Old 07-29-2006, 01:11 PM
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It's a "hidden" way of taxing voters while convincing the slow and the stupid that "someone else" is paying the tax.
Well said.
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  #113 (permalink)  
Old 07-29-2006, 04:55 PM
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In that line of thinking the consumer should receive the benefit of lower corporate taxes and increase net income, but in reality it doesn't happen that way. An increase in revenue and profit only means that the CEO's and big wigs get lofty bonuses and free "business" trips to Monte Carlo.
 
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  #114 (permalink)  
Old 07-29-2006, 06:21 PM
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Quote:
Originally Posted by Trapper
In that line of thinking the consumer should receive the benefit of lower corporate taxes and increase net income...
And you can. Buy stock in the company of your choice and become an owner.
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  #115 (permalink)  
Old 07-29-2006, 06:26 PM
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I wasn't talking about stock holders, I was talking about executives.
 
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  #116 (permalink)  
Old 07-29-2006, 09:34 PM
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Quote:
Originally Posted by Trapper
In that line of thinking the consumer should receive the benefit of lower corporate taxes and increase net income, but in reality it doesn't happen that way. An increase in revenue and profit only means that the CEO's and big wigs get lofty bonuses and free "business" trips to Monte Carlo.
Usually not the case. Very rarely are executive salaries affected by taxes. That's the whole point - they refuse to let taxes impact them. Raise taxes on the corporation, and they just adjust prices of their product/service and labor wages. And when they do that large scale, it's called inflation.
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