On Thu, 26 Sep 2024 14:27:21 -0500, "Scout"
<me4guns@verizon.removeme.this2.nospam.net> wrote:

>
>
>"Governor Swill" <governor.swill@gmail.com> wrote in message
>news:rv3bfjt7rejvq2vptjmntt4er08l13njiu@4ax.com...
>> On Thu, 26 Sep 2024 09:47:14 -0500, "Scout" wrote:
>>>"Governor Swill" <governor.swill@gmail.com> wrote
>>>> On Wed, 25 Sep 2024 09:33:31 -0500, "Scout" wrote:
>> <snip>
>>>>>Meanwhile, the reality of economic is that corporations don't pay taxes,
>>>>>they merely collect them and pass them along.
>>>>
>>>> So we shouldn't tax businesses at all? Should we only tax consumers
>>>> directly?
>>>
>>>Well, what benefit do you see from corporate taxes?
>
>I accept your answer as 'none'

Then you would be mistaken.
>
>>
>> What benefit do you see from personal taxes?
>
>Pays for the necessary functions of government... and sadly a lot of totally
>unnecessary functions.
>
>>>>>Dress it up however you like but the bottom line is they WILL maintain a
>>>>>particular percentage of gross profit as their net profit.. Which is why
>>>>>corporations always announce record profits after a tax hike on
>>>>>corporations.
>>>>
>>>> But Trump's tariffs are ok because the corporations will pay them out of
>>>> their profits.
>>>
>>>Yes, but not for the reason you're imply.
>>
>> I was being sarcastic. The tariff's are nothing more than a tax increase
>> on
>> Americans that will affect middle and lower class families
>> disproportionately.
>
>Agreed, but as noted it tends, not I said tends, to encourage or discourage
>international trade into/out of the country. That can be of economic
>benefits depending on the directionality of the net trade and the products
>in that trade.
>
>
>>
>>>The actual tariff will still end
>>>up being paid by the consumers that chose to pay the higher price, but
>>>that's their choice to do so, or not do so.
>>
>> Yes, they can choose not to eat, wear clothes or buy tires.
>
>Only if they are foreign made, or foreign materials. Then they tends towards
>buying domestic which is better for our own economy.
>
>
>> Take your head out of your ass, dude.
>
>It is, you mistake the way they are currently taxing with the way it should
>be done. Today, it's about getting the government more money rather than
>what is best for the nation.
>
>Why because they get a say in how that money is used and often end up
>padding their own pockets in the process. How else do you think a freshman
>Senator becomes a millionaire within an average of their first 2 years in
>office?
>
>It certainly isn't from their official pay.
>
>>>What it does is increase or decrease the cost of import/exports thus
>>>helping
>>>to govern international trade.
>>
>> What it does is drive inflation and increase the tax burden on working
>> people.
>
>It can do that as well. Just as almost anything can be misused to cause
>harm. Which is why I think the power to change taxation should be removed
>from government.
>
>>>If foreign products are taxed on import they
>>>become less competitive and the jobs and wealth tend to stay in the US.
>>
>> And what about the tariffs other nations charge or our goods thus reducing
>> our
>> exports and costing us jobs, not to mention gutting American market
>> dominance.
>
>Yep, it works in both ways.
>
>>>Thus
>>>by using tariffs we can encourage businesses to give more attention to the
>>>US market than the international Market.
>>
>> No, actually, you can't. Tariffs only encourage them to go out of
>> business if
>> they try to absorb the tariff themselves.
>
>Yep, and thus works to make the domestic market or foreign market more
>attractive thus influencing international trade.. hopefully in a manner
>favorable for your country.
>
>>
>> Again, you keep forgetting that other nations will hit US with tariffs.
>
>Yep, and thus we have to consider who, how, much and their reactions.
>
>> Remember that after Trump's first round of Chinese tariffs, they put a
>> tariff on
>> US soybeans. That tariff reduced soybean exports enough that the
>> administration
>> had to buy the farmers' surplus to keep them from bankrupting and to
>> salvage
>> their votes. That tariff situation is a big chunk of why Trump's lead in
>> Iowa
>> is only 4 points.
>
>Yep, which is why you shouldn't make large and sweeping policy changes like
>that until you know what the reaction is going to be.
>
>>
>>>Right now we have net $1 Trillion dollars a year flowing out of our
>>>economy
>>>into the economies of other countries. That is the current trade imbalance
>>>we have. The wealth of the nation is flowing out of this country due to
>>>this
>>>trade imbalance. Imagine what a Trillion dollars of jobs would look
>>>like....
>>>then add in another Trillion dollars of jobs next year.. and the year
>>>after
>>>that...
>>
>> This is perfectly in accordance with our role as the sole source of the
>> globe's
>> most popular trading currency.
>
>Currently, but our role in that is coming under more and more pressure each
>year.
>After all, as the government devalues the dollar.. it's not nearly as
>attractive as it once was, and as the world sees the handwriting on the
>wall, they don't want to be the last person holding it when our economic
>ship goes over the falls.
>
> That position also advantages us since we
>> control that money supply. Access to American markets is a powerful
>> diplomatic
>> tool.
>
>Yep, and slowly we have been eroding that faith and once the world starts to
>cut loss of that.. it's going to go quick and all the promises in the world
>won't matter then.
>
>
>>>So do tariffs server a purpose? Absolutely, but make no mistake they are
>>>ultimately paid by the consumer of the tariffed products. Corporations are
>>>just the middlemen.
>>
>> Precisely. It's a regressive tax hike on the middle class. Just the
>> thing to
>> subsidize tax cuts on the wealthy and corporations.
>
>Well, since their taxes end up being collected from us anyway.. why not?
>
>Now we could make the wealthy pay if we really wanted to, but the wealthy
>pay enough to politicians so they don't really do it. Oh, they say they are,
>and they may actually impose it, but they always leave escape routes that
>the rich can take advantage of to evade the tax. Many most people could use
>if they only knew of them and used them.
>
>>>The reason we impose income tax on Corporations is because most people
>>>don't
>>>see themselves as the one paying the tax, but this rich corporation.
>>
>> We impose taxes on corporations and companies because they are individual
>> entities. They get great advantage from that status.
>
>Legally they are entities, but in practice they just collect the tax from
>their customers, add some from themselves and declare record profits after
>each tax hike.
>
>Why? Industries over time have found that if you are in industry X the ideal
>net profit ratio is X%
>
>We tax corporations, that comes out of gross profits, which as a added cost
>means it reduces net profits by that amount.. reducing the desired net
>profit ratio.
>
>So they figure ways to cut costs or increase prices... Which they do. The
>company expands gross profits to pay the tax, but just increasing it by the
>amount of the tax, isn't enough, because that still won't get you back to X%
>of net profit. So you increase revenue some more until Net profits are back
>at the ideal percentage for that industry. But since Total profits are now
>up.. the company announces Record profits after the tax was imposed.
>
>In effect the companies are paying themselves to collect the tax for the
>government. We are the ones paying it through higher prices for what we get.
>
>You see it in higher prices and 'sinkflation' in products as 16oz becomes
>14oz then 12oz....
>
>>>Then
>>>blame the higher prices and reduced amounts on the 'evil' corporations
>>>working to increase their profits. Which in truth they are.. because they
>>>have to pay the tax somehow and maintain their net profit percentage for
>>>investors.
>>
>> Then why saddle them with even more taxes in the form of tariffs?
>
>Simple, the tariffs are to influence behavior by artificially increasing
>prices on incoming or outgoing classes of good to impact how those products
>perform in your local economy.
>
>>
>>>In the end.. any tax ends up being paid by the people doing the work.
>>
>> And ... ?
>
>And people tend towards the less expensive option, which was the purpose of
>the tariff. To influence people's purchasing options.
>
>
>
>
--

Today's two reasons to not vote for Trump in 40 days.

13) Trump disbanded the National Security Council's
pandemic response team.

14) Trump repeatedly lied about the danger of covid
saying it was no worse than the flue or that it would
go away on its own.

But behind closed doors, Trump admitted it was deadly.