Larry Posted February 14, 2011 Share Posted February 14, 2011 Actually, I've had this fantasy for some time of passing a "Corporate AMT": A tax on big businesses. I'm thinking of a very small tax rate (like 1%?), but it will be 1% of every dollar of total gross revenue over, say, $1B. Not 1% of their profit. 1% of their revenue. Link to comment Share on other sites More sharing options...
mojobo Posted February 15, 2011 Share Posted February 15, 2011 Then if you want to make sure companies are not too big to fail you set limits on how large a company can get and prevent monopolies and you increase market choice. Companies are never too big to fail. All a company is when you break it down is an entity that uses capital in an attempt to make a profit. The better user of capital a company is (making profits), the more capital it can accumulate. If a company is a bad user of capital (losses) then they should have to sell their capital, not take from those making a profit (It goes a lot further than that where the entity that most efficiently uses capital based on a couple of different economic principles but that would take a little while to explain). If you do not think China and other countries are not playing with their currencies than you are very naive. Prices will go up and it will force goods to be made in the US again or allow even trade with other nations either way it benefits the US and gets people working, with more people working they take less from the government and pay taxes which in turn can pay down debt Ironically our government debt is largely funded by China's currency devaluation. Devaluation happens by expanding the supply of money. China's expanded money supply is used to purchase treasuries, so one way to stop them from devaluing their currency would be to dramatically reduce our deficit (the $61 Billion - $100 Billion proposal is a joke when our projected deficit is going to be $1.5 Trillion). Pretty soon they are going to stop buying dollars for the simple fact that we have to devalue our dollar so rapidly to keep our governments solvent over the next few years and by holding dollars and treasuries they are taking a big hit. They are either going to shift more towards Europe (which would just cause another government bubble) or let their own economy boom. Link to comment Share on other sites More sharing options...
DRSmith Posted February 15, 2011 Share Posted February 15, 2011 Is it because you are young or are you just so indoctrinated by the Kochs you just can not see the world A company is an employer and when they have to close they put people out of work, so one way or another people would have had to foot the bill to help those out of work. China does not allow their because their central bank buys up all the US dollars that are paid to Chinese businesses, if you really want to do something you get rid of the trade imbalance. And no they will not move to more to Europe the American economy is still the largest and will stay so for the nect 20 years. Link to comment Share on other sites More sharing options...
Thiebear Posted February 15, 2011 Share Posted February 15, 2011 The U.S. is the one manipulating its currency, not other nations.. So you calling the United Nations, and every other country a liar on what China has been doing? Everyone goes up to the limit of what they are allowed... China blows right through that line and has benefited greatly. though i agree on the amount being small.. you don't cut the child support payments... your cut the digital cable box and 1/2 the happy hours. Link to comment Share on other sites More sharing options...
mojobo Posted February 15, 2011 Share Posted February 15, 2011 Is it because you are young or are you just so indoctrinated by the Kochs you just can not see the world I voted libertarian before there was the tea party movement. I've studied people like Bastiat, Mises, Hayek, Friedman, Coase... I've studied the socialist calculation debate between Hayek and Lange. I listen to people like Peter Schiff and Jim Rogers comment on our current situation if your looking for a someone to blame for me being "indoctrinated". A company is an employer and when they have to close they put people out of work, so one way or another people would have had to foot the bill to help those out of work. A failing company has to take resources from others in order to stay afloat. The money they are taking comes at the expense of others to employ people either by preventing other companies to expand or taking from what would have gone to consumption. China does not allow their because their central bank buys up all the US dollars that are paid to Chinese businesses, if you really want to do something you get rid of the trade imbalance. And no they will not move to more to Europe the American economy is still the largest and will stay so for the nect 20 years. Unless they want to continue to take losses on the dollars they hold they will absolutely move away from the United States. Whether they try to prop up Europe or they stop propping up other economies all together is yet to be seen. Our economy probably only has a year or two left of being the largest, not 20 years. ---------- Post added February-15th-2011 at 05:21 PM ---------- So you calling the United Nations, and every other country a liar on what China has been doing? Either a liar or just plain wrong. Everyone goes up to the limit of what they are allowed... China blows right through that line and has benefited greatly. though i agree on the amount being small.. you don't cut the child support payments... your cut the digital cable box and 1/2 the happy hours. Were talking about lowering the amount we borrow from $1.5 trillion to somewhere between $1.439 trillion and $1.4 trillion. It's nowhere near enough and does not equate to cutting child support payments. Link to comment Share on other sites More sharing options...
SnyderShrugged Posted February 15, 2011 Share Posted February 15, 2011 Is it because you are young or are you just so indoctrinated by the Kochs you just can not see the worldA company is an employer and when they have to close they put people out of work, so one way or another people would have had to foot the bill to help those out of work. China does not allow their because their central bank buys up all the US dollars that are paid to Chinese businesses, if you really want to do something you get rid of the trade imbalance. And no they will not move to more to Europe the American economy is still the largest and will stay so for the nect 20 years. whats "The Kochs"? Link to comment Share on other sites More sharing options...
DRSmith Posted February 15, 2011 Share Posted February 15, 2011 The Koch's are the Koch brothers whose money and ideal are behind much of what you hear in talk radio, that supposed grass roots people you see on tv and radio like America's For Prosperity or when you read something put out by a think tank like the Cato Institute. When people stand to make more money from policies that hurt the over all health of the country people should stop and thing Where do you think Schiff gets his support from? Link to comment Share on other sites More sharing options...
SnyderShrugged Posted February 15, 2011 Share Posted February 15, 2011 The Koch's are the Koch brothers whose money and ideal are behind much of what you hear in talk radio, that supposed grass roots people you see on tv and radio like America's For Prosperity or when you read something put out by a think tank like the Cato Institute.When people stand to make more money from policies that hurt the over all health of the country people should stop and thing Where do you think Schiff gets his support from? I know for a fact that Peter Schiff (Is that the Schiff you mean?) gets his support from the same people who support Ron Paul and other Pro-Liberty candidates. Never heard of the Koch people. It kind of sounds like something a Bizarro Glen Beck would say to be honest. Link to comment Share on other sites More sharing options...
DRSmith Posted February 15, 2011 Share Posted February 15, 2011 Actually Beck goes to the the meetings that the Kochs hold as has Schiff You can google it if you do not believe me Link to comment Share on other sites More sharing options...
SnyderShrugged Posted February 15, 2011 Share Posted February 15, 2011 Actually Beck goes to the the meetings that the Kochs hold as has SchiffYou can google it if you do not believe me LOL, no thanks. So is it a Bilderberg thing, illuminati? Link to comment Share on other sites More sharing options...
DRSmith Posted February 16, 2011 Share Posted February 16, 2011 Nope David Koch ran on the Libertarian ticket in 1980, after losing the election he decided politicians are just actors and it was better to be the person who wrote the scripts, he and his brother started up and funded think tanks like the cato institute and a number of so called grass roots groups like American for Prosperity being the latest one. All the while ripping off people in an oil scam and dumping carcinogens into the air and running up hefty fines with the EPA and believing America would be better if you got rid of 90 percent of the regulations Link to comment Share on other sites More sharing options...
SnyderShrugged Posted February 16, 2011 Share Posted February 16, 2011 Nope David Koch ran on the Libertarian ticket in 1980, after losing the election he decided politicians are just actors and it was better to be the person who wrote the scripts, he and his brother started up and funded think tanks like the cato institute and a number of so called grass roots groups like American for Prosperity being the latest one.All the while ripping off people in an oil scam and dumping carcinogens into the air and running up hefty fines with the EPA and believing America would be better if you got rid of 90 percent of the regulations LOL, man, you really do sound very similar to Beck's nutty conspiracy theories. Just so I've got it straight.....The "vast right wing conspiracy" is secretly engineered by a kabal run by these brothers and they also run around and pollute just to make it more scary? Sorry if I dont sound too concerned. It's because I'm not. No more than I am worried over the Illuminati or area 51. There is a lot more that we should be worried about than this weird Beckish like "expose" (IMHO) Though if it keeps you up at night, I'd never find fault with you, just dont expect many to take it very seriously. Link to comment Share on other sites More sharing options...
DRSmith Posted February 16, 2011 Share Posted February 16, 2011 You can deny it all you want but Kcoh industries is very real and they do pour large money into campaigns in fact at the Ron Paul forums right now there is anger at them for supporting Romney Link to comment Share on other sites More sharing options...
SnyderShrugged Posted February 16, 2011 Share Posted February 16, 2011 You can deny it all you want but Kcoh industries is very real and they do pour large money into campaigns in fact at the Ron Paul forums right now there is anger at them for supporting Romney Not denying them at all, just stating that it really isnt important to me and I find it funny that anyone thinks it is. Especially anyone who supports the corporate welfare/lobbyist supporting federal government in almost every area known with no problem. (hint: there are so many diverse people at Ron paul Forums, that i bet you can find an example of just ablout every political perspective known there. Not really a point that has any weight with me) Link to comment Share on other sites More sharing options...
SkinsHokieFan Posted February 16, 2011 Share Posted February 16, 2011 The Koch brothers have turned into the left wing version of George Soros A boogeyman for one side to blame all funding on. The right uses the name Soros effectively now. "The Soros funded xyz" The left is trying to do the same thing with the Koch brothers. They supposadly funded the tea parties and well everything else that is possibly associated with right wing small gov't activism Link to comment Share on other sites More sharing options...
SnyderShrugged Posted February 16, 2011 Share Posted February 16, 2011 The Koch brothers have turned into the left wing version of George SorosA boogeyman for one side to blame all funding on. The right uses the name Soros effectively now. "The Soros funded xyz" The left is trying to do the same thing with the Koch brothers. They supposadly funded the tea parties and well everything else that is possibly associated with right wing small gov't activism Is that what this is all about? I had no idea, (thought Dr was going off the deep end, which it seems he was, just that he has company there too!) Link to comment Share on other sites More sharing options...
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