Showing posts with label American capitalism. Show all posts
Showing posts with label American capitalism. Show all posts
Tuesday, July 21, 2009
Note to Commenter
I'm real glad you are trying to make a buck. I'm all for capitalism, as is every one who posts on this site. However, leaving comments to sell your t-shirts, when it has nothing to do with the actual post, is quite annoying. If you would like to make a comment about the post, you will be approved. Otherwise, knock it off! The comments section is not for advertising your wares.
Tuesday, June 9, 2009
Obama’s Corporate Tax Policy
But last week, Microsoft Chief Executive Officer Steve Ballmer came to Washington to announce what Microsoft would do if Obama’s multinational tax policy is enacted.“It makes U.S. jobs more expensive,” Ballmer said, “We’re better off taking lots of people and moving them out of the U.S.” If Microsoft, perhaps our most competitive company, has to abandon the U.S. in order to continue to thrive, who exactly is going to stay?
At issue is Obama’s policy to end the deferral of multinational taxation.
The U.S. now has about the highest combined corporate tax rate, second only to Japan among industrialized countries. That rate is so high that U.S. firms have an enormous disadvantage versus competitors. The average corporate tax rate for the major developed countries in the Organization for Economic Cooperation and Development in 2008 was about 27 percent, more than 10 percentage points lower than the U.S. rate.
Tax Burden
U.S. firms have nonetheless prospered because our tax code allows a business to set up a subsidiary in a low-tax country. When that subsidiary earns profits, they are taxed at the rate of that country, and don’t face U.S. tax until the money is mailed home.
The economically illiterate partisan Democratic view is that this practice is unpatriotic and bleeds jobs from the U.S. The economic reality is that American companies use this approach to acquire market share overseas. The alternative is losing the business to foreign competitors.
You can spot an ignorant citizen, and voter, when they claim they don't care about taxes, because they don't pay any, or that they like Obama and the Democrats because they aren't going to raise their taxes.
To answer the first argument, taxes effect you directly whether you pay them or not. Corporate taxes for example influence corporations decisions on how many people they can hire, how much to charge for their products and services, etc. If corporate taxes are too high, you can lose your job, get paid less, pay more for their products and services, or the company can simply crumble, and the country loses out on the jobs, products, and revenue.
Second, and this answer is short, Democrats are not the party of low taxes, they are the party of tax and spend, redistribution, government waste (though Republicans as of late have not been much better, if any), and taxation through what they think are subversive means.
Cross posted from notoriouslyconservative.com
Friday, May 29, 2009
American capitalism gone with a whimper
American capitalism gone with a whimper
There have been a lot of people try to tell us, over the last 50 some odd years that I am aware of, this government of ours is going down the sewer. Well, Barack Hussein Obama is the catalyst that is going to trigger the pull of the flush handle that sends the USA right down the tubes.
Read the story. Read it carefully. Read it and then look around you at the world we're in right now. Look at the financial and political morass this nation is in. We are in the abyss my friends, and the Russians called it all the way. Nikita Khrushchev said, "We will bury you!", he was speaking his mind. He later went on to say, "I once said, 'We will bury you,' and I got into trouble with it. Of course we will not bury you with a shovel. Your own working class will bury you," SOURCE: We will bury you
His words are coming to fruition. Their plan has been played to perfection, and Barack Hussein Obama is driving the last nails into the coffin.
Our nation is on the verge of falling, Obama and Company are telling us it's ALL going to be OK, at least 50% of the people of this nation are falling for the words of Obama, hook, line and sinker, and the Russians that wrote this script are laughing their asses off!
It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.They say you can find a story anywhere you look. And the truth surfaces in the damnedest places. This piece of reality is from Pravda, yeah, that Pravda, the Russian news source. And the truth of their story scares the living hell out of me.
True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.
Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters.
First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their "right" to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our "democracy". Pride blind the foolish.
Full Story Here:
American capitalism gone with a whimper
There have been a lot of people try to tell us, over the last 50 some odd years that I am aware of, this government of ours is going down the sewer. Well, Barack Hussein Obama is the catalyst that is going to trigger the pull of the flush handle that sends the USA right down the tubes.
Read the story. Read it carefully. Read it and then look around you at the world we're in right now. Look at the financial and political morass this nation is in. We are in the abyss my friends, and the Russians called it all the way. Nikita Khrushchev said, "We will bury you!", he was speaking his mind. He later went on to say, "I once said, 'We will bury you,' and I got into trouble with it. Of course we will not bury you with a shovel. Your own working class will bury you," SOURCE: We will bury you
His words are coming to fruition. Their plan has been played to perfection, and Barack Hussein Obama is driving the last nails into the coffin.

Our nation is on the verge of falling, Obama and Company are telling us it's ALL going to be OK, at least 50% of the people of this nation are falling for the words of Obama, hook, line and sinker, and the Russians that wrote this script are laughing their asses off!
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