[Vision2020] Candidate issues - The Economy

[Paul Rumelhart]

I'm sorry, but the hell they do.  I'm not saying that no corporations 
should make a profit.  That would be silly.  I'm saying that no 
_specific_ corporation has a right to a profit.  They only have a right 
to be able to compete on a level playing field. 

If Corporation X goes broke because Uncle Sam raised their taxes, then 
Corporation Y (who has found a way to work a little leaner) will step in 
and take over their customers.  Likewise, if Corporation X pulls up it's 
stakes in the US and moves it's headquarters to China, then Corporation 
Y might just step up to the plate with a "made in America" ad campaign.  
It's not like we're going to run every corporation into the ground 
because we're raising taxes on them.  Like you said, they'll just pass 
it on to the customer anyway.  But now said customer has a choice - 
should they spend their extra paycheck money on shoes for the kids, or 
on a widget from Company X?

Paul

No Weatherman wrote:
> Comrade Paul:
>
> Corporations absolutely have a right to make a profit and it's
> possible to tax them right out of existence or out of the country.
>
> And if they go broke or abandon the US, how where will the government
> get its tax revenues?
>
>
>
> On Sun, Oct 12, 2008 at 10:10 AM, Paul Rumelhart <godshatter at yahoo.com> wrote:
>   
>> If you raise the gas prices, the transportation costs are sent on to the
>> consumer.  If you raise the price of some component they need, the costs are
>> sent on to the consumer.  If you raise the minimum wage, the costs are sent
>> on to the consumer.  What Obama wants to do is relieve some of the burden on
>> the "consumer", by lowering their personal tax burden.  With all these costs
>> being passed on to them, lowering their tax burden might actually convince
>> them that they can still buy their product.
>>
>> Corporations don't have a right to make a profit.  If economic times are
>> tough, we should be focusing on the individual, not on how well Company X
>> can sell widgets to people that probably don't even need them.
>>
>> If you have a bunch of yahoos making more money than they know what to do
>> with, why overly tax the person that's living on ramen noodles and Koolaid?
>>
>> Just my two cents.
>>
>> Paul
>>
>> No Weatherman wrote:
>>     
>>> Paul:
>>>
>>> If you raise taxes on corporations so that you can lower taxes for one
>>> sector of the population, how do you think those corporations will
>>> recover the money they lost by the tax increase?
>>>
>>> THEY WILL RAISE PRICES ON THEIR PRODUCT TO RECOUP THEIR LOSSES.
>>> THEREFORE, ANY MONEY GAINED BY TAX RELIEF WILL BE LOST AT THE CHECKOUT
>>> STAND.
>>>
>>> Punitive tax hikes on corporations do not take place in a black hole
>>> and neither does redistribution of wealth. These companies are in
>>> business to make money, not pay taxes, and they will make their
>>> profit, taxes or not.
>>>
>>>
>>>
>>> On Sun, Oct 12, 2008 at 9:00 AM, Paul Rumelhart <godshatter at yahoo.com>
>>> wrote:
>>>
>>>       
>>>> This is an attempt to get a discussion started on the issues instead of
>>>> all the threads on who associates with who and who is encouraging the
>>>> most emotional responses.
>>>>
>>>> Here are links to the sections on the economy from the Democratic and
>>>> Republican candidates for office:
>>>>
>>>> John McCain:  http://www.johnmccain.com/Issues/jobsforamerica/
>>>> Barack Obama:  http://www.barackobama.com/issues/economy/
>>>>
>>>> The biggest difference between the two, in my opinion, from my reading
>>>> is that John McCain is focusing on helping corporations through tax
>>>> breaks to help the economy whereas Barack Obama is focusing on tax
>>>> breaks for the middle class instead.  Both plans have a lot of
>>>> provisions I like - both are looking at different ways that the
>>>> work/family balance can be strengthened, for example.
>>>>
>>>> There's a lot of information there to go through.  Please let us know
>>>> your thoughts, so we can all become more educated on the candidates
>>>> positions.  Also, if others want to tackle third-party positions on the
>>>> topics, please do.  I'm not educated enough about them this time around
>>>> to even know who they all are.
>>>>
>>>> Paul
>>>>
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>>>>
>>>>         
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>>>       
>>
>>     
>
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