Response to Myriel (Reply #4)

Sat Mar 5, 2016, 08:49 AM

8. They have a proven track record of not reinvesting

after a tax amnesty on overseas profits. There is no reason to believe they would do anything other then feather their own nest.

Mainly by stock buy backs, that would make you happy and stock investors happy to a degree, but, that would not lead to investment into main street jobs in this country. Though a payment into the Federal Treasury of a several hundred billion dollars used for the reduction of the National Debt isn't possible given both party's political stands. Neither will grant advantage to the other when it comes to the politics of money.

The political parties will pass something under a bogus heading in order to fill their own campaign coffers. Looking out for themselves is what they do. Advantaging their corporate sponsors while demanding broad reductions in government spending, killing medicare and social security essentially, would fit well with this scheme.

I do agree the tax laws are ineffective. My solution. Eliminate all the loopholes by scraping the corporate tax code. Flat tax them at 4-6% on the year end balance sheet on total profit made any where. If they don't wish to pay, they are barred from doing business in the Continental United States. No more corporate welfare. No access to the market.

Worldwide taxation is very rare.

So is having an mixed economy of considerable complexity, a large consumer base that every one wants a piece of, the world's most effective military, the reserve currency status of the dollar and being a leader in technology, innovation and science.

Corporations can pay up, or someone will form a corporation that will.

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Arrow 12 replies Author Time Post
Attila Gorilla Mar 2016 OP
Myriel Mar 2016 #1
magdrop Mar 2016 #2
Inlander Mar 2016 #3
Myriel Mar 2016 #5
magdrop Mar 2016 #12
Myriel Mar 2016 #4
exindy Mar 2016 #7
LineLineLineLineNew Reply They have a proven track record of not reinvesting
uncledad Mar 2016 #8
exindy Mar 2016 #6
magdrop Mar 2016 #11
wisbadger Mar 2016 #9
Pug-ly Mar 2016 #10
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