Galt's Gulch

Elizabeth Warren’s Tax Warning

Posted by $ KahnQuest 9 years ago to Government
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Apologies up front, as this is subscriber-only content. However, it is an excellent takedown of Sen. Warren's opinions on corporate tax reform.
SOURCE URL: http://www.wsj.com/articles/elizabeth-warrens-tax-warning-1448061976

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  • Posted by coaldigger 9 years ago
    Taxes, by definition, are stealing from one entity to give to another. Only the corrupt would suggest that you could find good results from something that has it's roots in evil.
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  • Posted by $ MichaelAarethun 9 years ago
    All of this is a moot point. Businesses pay zero taxes. They pass them on to the consumer like any other overhead. Cost of Government IS a Cost of doing business.

    Pfizer's move is for other reasons using the tax dodge excuse as an excuse.

    The same as blaming religion for war.

    It's economics and business is war by another name.
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      • Posted by $ MichaelAarethun 9 years ago
        easy way is switch to end user consumption tax with only 'that which it takes merely to survive' as an exemption or deduction. Food, shelter, clothing, medicine, air, water. A Right To Life Exemption. That's 1.

        2. Government is not allowed to go into debt except for true national emergencies, war or natural disasters. And then must repay that debt as the first item of next years budget.

        3. Disaster by Government is not counted.

        the rest follows.
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    • Posted by $ KahnQuest 9 years ago
      You're correct that the costs are passed on to consumers, but the results still make a difference. If corporations keep moving out then Americans will end up paying for the governments of other countries.
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      • Posted by $ MichaelAarethun 9 years ago
        Yes but then the US Government adds on import duties and tariffs so the US consumer gets to pay twice and have no jobs left to earn the money to pay once, twice or ......!

        The myth of tariffs someone always loses...for someone else to gain.
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        • Posted by $ KahnQuest 9 years ago
          Right, so then we're back at the answer suggested by the article. Turn the US into a less-hostile environment for business.
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          • Posted by $ MichaelAarethun 9 years ago
            That's up to the leaders of the pack. Currently Socialist corporatist statists, socialist statist corporatists and a few socialist union leaders.

            But essentially you are correct. The opposite withing the triad itself occurred in 2008 when th the small banks were driven out of business by government edict and regulation changing along with the last cycle of economic repression.

            So less hostile depends on which business you are talking about. Apparently Pfizer wasn't in the inner circle or perhaps they are because all propaganda aside the move is purely economic
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  • Posted by $ jbrenner 9 years ago
    Regarding corporate taxes, Pfizer announced today that they will buy Allergan and move both to Ireland to reduce their corporate tax exposure. This comes twenty years after Pfizer bought out most of the pharma companies in Michigan, right as I was looking for jobs at those companies Pfizer bought out and downsized out of existence in the 1990s.
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      • Posted by Solver 9 years ago
        Think of all the children and unborn who are going to be forced to pay a progressively growing debt caused mostly by those ill-named regresives who are constantly creating numerous expensive politically correct individual rights destroying dependency rules.
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        • Posted by $ MichaelAarethun 9 years ago
          Apply the generational formula x+y=Zero. They won't notice and run to their safe space for a pouting contest.

          For the rest of us it's a matter of no choice. Choice was when you could have have voted the bastards out. Fourty or fifty years ago.

          The choices are running out.
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        • Posted by james464 9 years ago
          What evidence do you have that America is going to have to repay the debt? Why hasn't it been called yet?
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          • Posted by $ MichaelAarethun 9 years ago
            The evidence is to the contrary if you speak of America meaning the government. They have shown no indication of paying off debts and plenty of reason through contrived inflation, devaluation and straight up hands down debt repudiation to more than suspect the opposite. They have no intention of ever paying the bill.

            If you speak of America the people when they tire of being tax slaves to the Government they will not pay the government's debt but repudiate it in whole. Starting with the moochers and looters who have nothing left to loot and nothing left to mooch. The producers will step to the side and let the looters and moochers duke it out. Then pick up the pieces and start over.
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