SUBSIM Radio Room Forums - View Single Post - Tax the rich? 14 Facts you may want to consider first.

Armistead · 04-23-11, 11:54 AM

Actually the article has much truth to it. It's never been about taxes, but we've cut the corporate tax rate way down since Reagan why at the same time increasing shelters and loopholes. Still, they make most of their money by buying regulation, to move all our jobs across seas where little regulation to protect workers apply.

They'll never fix regulation, loopholes and shelters. Those are gimmes from politicians. You could raise taxes double and they would still pay little. Sure, they pay a good chunk of personal income, but that's drops in the bucket to corporate taxes resulting in huge incomes.

In a global economy corporations will seek to balance the field. Simply, they want the average American worker to cost the same as who they pay in China, with no benefits or regulation. When we had true capitalism with no regulation we were basically a two class society. Americans fought for almost 100 years to get away from this, corporations today will and have undone that. Now again a few percent will hold all the wealth.

04-23-11, 11:54 AM	#7
Armistead Rear Admiral Join Date: Dec 2008 Location: on the Dan Posts: 10,880 Downloads: 364 Uploads: 0	Actually the article has much truth to it. It's never been about taxes, but we've cut the corporate tax rate way down since Reagan why at the same time increasing shelters and loopholes. Still, they make most of their money by buying regulation, to move all our jobs across seas where little regulation to protect workers apply. They'll never fix regulation, loopholes and shelters. Those are gimmes from politicians. You could raise taxes double and they would still pay little. Sure, they pay a good chunk of personal income, but that's drops in the bucket to corporate taxes resulting in huge incomes. In a global economy corporations will seek to balance the field. Simply, they want the average American worker to cost the same as who they pay in China, with no benefits or regulation. When we had true capitalism with no regulation we were basically a two class society. Americans fought for almost 100 years to get away from this, corporations today will and have undone that. Now again a few percent will hold all the wealth. Last edited by Armistead; 04-23-11 at 12:47 PM.