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TexasBushwhacker

(21,222 posts)

16. But corporations should pay federal income tax because they benefit from federally funded programs

Wed Aug 15, 2018, 09:06 PM

Aug 2018

A big reason we have military bases all over the planet and start wars in places like Iraq is to "protect American interests". That's not you or me. That's CORPORATIONS.

But I agree with you about getting rid of the capital gains tax rate on income over $50K. Wy should someone who earns wages by the sweat of their brow pay a higher tax rate than someone getting passive income from savings? That never made sense to me.

BTW, stock buy backs were illegal until the Reagan years. Maybe they should be made illegal again. It really chaps my hide when the Walton family spends Walmart's "excess profits" on stock buybacks while their employees get hundreds of $millions in taxpayer funded welfare. FUCK THAT!!!

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Elizabeth Warren unveils bold new plan to reshape American capitalism [View all] riversedge Aug 2018 OP

love it AlexSFCA Aug 2018 #1

I posted it earlier today and I'll post it again... pecosbob Aug 2018 #2

Elizabeth once again showing why she's a potential top-tier candidate. InAbLuEsTaTe Aug 2018 #3

Exactly. stuffmatters Aug 2018 #39

Love Warren so much. zentrum Aug 2018 #4

The ACA? Eko Aug 2018 #5

Good luck taking the candy factory away from the wealthiest babies. democratisphere Aug 2018 #6

yep WhoWoodaKnew Aug 2018 #7

That is not how this works in reality. Sophia4 Aug 2018 #37

Great Idea! JoeOtterbein Aug 2018 #8

Kicked and recommended. Uncle Joe Aug 2018 #9

Outside the US, this is pretty much standard in all capitalist countries. PSPS Aug 2018 #10

Yes. And we need it here if we are to become really competitive in the international Sophia4 Aug 2018 #36

I really like this Recursion Aug 2018 #11

A Bad idea, politically, economically poetshepherd Aug 2018 #12

Agree 1000% hueymahl Aug 2018 #13

Bookmarking. n/t rzemanfl Aug 2018 #14

But corporations should pay federal income tax because they benefit from federally funded programs TexasBushwhacker Aug 2018 #16

Good points! Sophia4 Aug 2018 #34

Corporate taxes MichMary Aug 2018 #41

I didn't say the taxes should be raised TexasBushwhacker Aug 2018 #53

Of course, but here's a much better idea poetshepherd Aug 2018 #59

It isn't so much about money. It's about giving communities the chance to Sophia4 Aug 2018 #35

I love Warren, but... proglib217 Aug 2018 #40

We saw 2 Rmoney returns. He paid $0 and $14% poetshepherd Aug 2018 #61

Wonderful. Thank you, riversedge. n/t Judi Lynn Aug 2018 #15

Sounds good, but.... paleotn Aug 2018 #17

Delaware, sponsor of the "race to the bottom" in terms of corporation laws. Sophia4 Aug 2018 #33

Right on and I live in Delaware. henbuck Aug 2018 #46

I think she is trying to start a conversation about ProfessorPlum Aug 2018 #44

I'm liking what I'm hearing here, yonder Aug 2018 #18

I admire her efforts to do something abput income equality but... 2naSalit Aug 2018 #19

"Redistribute wealth"? A business owner can't make business decisions best for the business? Honeycombe8 Aug 2018 #20

I think there's a new untapped demographic LiberalLovinLug Aug 2018 #22

Good post! KPN Aug 2018 #31

Playing devil's advocate... Honeycombe8 Aug 2018 #48

Good point LiberalLovinLug Aug 2018 #60

capitalism needs to die, before it kills all of us shanny Aug 2018 #27

America has a capitalistic economy. Not gonna change. Honeycombe8 Aug 2018 #49

"real capitalism" does not include protections for citizens, and social programs as safety nets. shanny Aug 2018 #52

"By definition" capitalism says nothing about social programs... brooklynite Aug 2018 #66

I am aware. shanny Aug 2018 #67

A billion-dollar business today makes the best decisions for the leadership and shareholders Politicub Aug 2018 #43

You can't dictate the WHY of business decisions. It's subjective. Honeycombe8 Aug 2018 #50

You're arguing for unregulated, unchecked capitalism kcr Aug 2018 #62

No. There are laws in place for corporations... Honeycombe8 Aug 2018 #64

I like it conceptually a lot. But i'd be KPN Aug 2018 #21

Genius. I love it. Politicub Aug 2018 #23

A flat tax is not progressive in my opinion...it is a regressive tax and a bad idea. Demsrule86 Aug 2018 #47

It's more than past time we have this discussion DeminPennswoods Aug 2018 #24

Kudos for the big idea. BlueWI Aug 2018 #25

+1. yonder Aug 2018 #29

+1000 KPN Aug 2018 #32

Oh my gosh, this is so unfair gtar100 Aug 2018 #26

Sounds like it could be a good reform. David__77 Aug 2018 #28

It's about time. This would be the first step toward taking back our country in terms Sophia4 Aug 2018 #30

An excellent start! n/t Devil Child Aug 2018 #38

That should complicate the Due Diligence lawsuits. malthaussen Aug 2018 #42

this is a brilliant plan. And an even more brilliant way to start a discussion on ProfessorPlum Aug 2018 #45

Yes, certain people make a lot of money such as the CEO. Cold War Spook Aug 2018 #51

Here's a crazy thing...pay for what you use pecosbob Aug 2018 #54

Are you saying individuals should be taxed on the amount of services they use regardless of income? MichMan Aug 2018 #56

Certainly not, but there has to be some equity pecosbob Aug 2018 #58

Excellent thinking, I like it! BlancheSplanchnik Aug 2018 #55

should go double for those that get incentives. mopinko Aug 2018 #57

That is why she's my first choice for POTUS. kcr Aug 2018 #63

Bold and new is what we need. sarcasmo Aug 2018 #65