"Governor Swill" <governor.swill@gmail.com> wrote in message
news:gifbfjlulq8aaejdm4ot82vef2hoipvl5l@4ax.com...
> 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.

No response is an answer of 'none'

Further this is the end of ANY answer from Swill.. seems like suddenly he
doesn't want to have a discussion anymore.

>>> What benefit do you see from personal taxes?
>>
>>Pays for the necessary functions of government... and sadly a lot of
>>totally
>>unnecessary functions.
>>

See, that's how you answer a question.. And seems you have absolutely
nothing to say in response to my answer.

>>>>>>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.
>>

<crickets>

>>
>>>
>>>>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.
>>

<crickets>

>>
>>> 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.
>>

<crickets>

>>>>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.
>>

<crickets>

>>>>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.
>>

<crickets>

>>>>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.
>>

<crickets>

>>> 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.
>>

<crickets>

>>>
>>>>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.
>>

<crickets>

>> 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.
>>
>>

<crickets>

>>>>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.
>>

<crickets>

>>>>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....
>>

<crickets>

>>>>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.
>>

<crickets>

>>>
>>>>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.
>>
>>
>>
>>

<crickets>

> --
>
> 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.
>
>
>
>
>
>