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Post by villagepub on Aug 31, 2021 11:39:04 GMT -6
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Post by 00hmh on Aug 31, 2021 14:09:17 GMT -6
The only way any corporation pays no income tax is if they lose money in that calendar year or have a huge carry forward from a previous year. Well of course that depends on how the tax code defines a loss, and what does not count as income, not necessarily real economic loss or income.
A conservative or a liberal that believed that these 50 major corporations really had a loss in any meaningful way would be hopelessly ignorant about reality versus tax accounting. |
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Post by 00hmh on Aug 31, 2021 14:11:20 GMT -6
I remember several years ago when 00 tried to argue the Federal Government is more efficient at investing capital.. I don't recall this discussion so well, but as for talking about public investment, it is essentially different than private investment in purpose.
The federal government makes better investment decisions in public infrastructure. Private companies do not have to do so at all and do not do so. They make investments very effectively to maximize private shareholder wealth, not public good. The part you missed is that maximizing income and wealth is not necessarily maximizing overall utility for a nation. If you do not believe in nations and governments, and think we should not have public roads, courts, national defense, legal protections of property and individual rights law with regulation in any area at all. etc then you are not living in a real world or any one where there are other nations. |
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Post by sweep on Aug 31, 2021 14:18:43 GMT -6
Carlson and Hannity are a bit over the top, but they often raise good questions about what this administration is doing. But it pales in comparison to the widespread open hostility that Trump got from CNN, MSNBC, ABC, NBC, CBS, . etc. ad nauseum. But they give each other cover by labeling themselves "journalists."
Covid was a bigger story on CNN and MSNBC and got less coverage on FOX because it hurt Trump.
That's freaking hilarious. You are in a dream world. FoxNews has covered Covid non-stop. |
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Post by sweep on Aug 31, 2021 14:25:20 GMT -6
I remember several years ago when 00 tried to argue the Federal Government is more efficient at investing capital.. I don't recall this discussion so well, but as for talking about public investment, it is essentially different than private investment in purpose.
NO, we were discussing economic growth and whether investible capital was better left in the hands of the of the tax payer, or better confiscated by the Federal Government. |
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Post by 00hmh on Aug 31, 2021 15:30:20 GMT -6
Economic growth depends on private and public investment.
A better transportation system, high speed internet, better regulation, investment in education, good law enforcement, good health care, and other public resources speed growth.
See Mike Hicks article this last week for how it is a mixed bag necessary.
Indiana has neglected public investment in schools, roads and other public resources to lower taxes and encourage some private investment with weak long term prospects resulting.
Highly productive private investment often goes to places with good public infrastructure. Don't rule out the importance of good choices there.
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Post by sweep on Aug 31, 2021 16:40:53 GMT -6
Economic growth depends on private and public investment. A better transportation system, high speed internet, better regulation, investment in education, good law enforcement, good health care, and other public resources speed growth. See Mike Hicks article this last week for how it is a mixed bag necessary. Indiana has neglected public investment in schools, roads and other public resources to lower taxes and encourage some private investment with weak long term prospects resulting. Highly productive private investment often goes to places with good public infrastructure. Don't rule out the importance of good choices there. Thanks Mr. Marx................ |
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Post by 00hmh on Aug 31, 2021 16:48:51 GMT -6
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Post by sweep on Aug 31, 2021 17:06:44 GMT -6
We are talking about the efficiencies of private vs. federal investment capital, not whether or not public infrastructure investment is a necessity. Sheeesh............
Let me make this real simple for you, does a tax payer get more bang for the buck from investing money in the private sector, or paying more in taxes ?
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Post by 00hmh on Aug 31, 2021 20:12:31 GMT -6
We are talking about the efficiencies of private vs. federal investment capital, not whether or not public infrastructure investment is a necessity. Let me make this real simple for you, does a tax payer get more bang for the buck from investing money in the private sector, or paying more in taxes ? Your answer to make everything simple is faulty. It is nonsense to say critical necessary public investment should be ignored in any comparison. If it is critical it certainly is more efficient than not making any investment at all...
The question just isn't so simple. Which is what I said above. You have to count all the benefits to all the citizens and the nation in the equation. Your simplistic argument is flawed also since it depends how you measure that bang for the buck. Do you receive a benefit from having things like national defense, a court system, and all the rest of it. Sure you do. There is no bang for the buck in private investment if you live in a failed state. Maybe that kind of "return" is hard to measure compared to some investment vehicle where you get statement every month.
You overlook that wealthy taxpayers (who make most private investments) benefit from their tax payments (often rather small as a portion of their income) since those investments in private capital are leveraged and worth much more if there is economic growth generated by or enabled by public infrastructure.
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Post by halftime on Sept 1, 2021 2:00:16 GMT -6
Everyone knows public infrastructure is a necessity. I am done trying.
The whole subject is completely over your head.
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