[Vision2020] [Bulk] Re: Candidate issues - The Economy

[Paul Rumelhart]

I'd also like to say that I took a look at where both candidates stand 
on small business growth.

Obama wants to eliminate the capital gains tax on start-ups and small 
businesses.  He also wants to create a network of business incubators.

McCain wants to increase domestic exploration for oil, control health 
care costs with his $5000 to every family idea (does that mean we single 
guys are on our own?), cut corporate tax rates from 35% to 25% on all 
corporations, give a tax cut for R&D, reduce the estate tax, and open 
new markets by reducing barriers to trade.

McCain's improvements benefit the large corporations, which I have 
little sympathy for these days.  I will say that I like his idea to 
provide a tax cut for R&D, and to focus on reducing barriers to trade.

Paul

Paul Rumelhart wrote:
> 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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>>   
>>     
>
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