America's companies are hoarding $1.4 trillion in cash

originally posted by: AugustusMasonicus
Really? The whole overpopulation trope is related to corporate profits?

Because if you work you are profiting.

You are blinded by your preconceived ideas, here. Profit requires growth. Growth requires consumption. Consumption requires resources. Once resources diminish, growth does as well.

That is incorrect. Work is exchanging time for money. Profit is exchanging some money for more money.

Further, attack the argument, not the person. You should know well the fallacy.

originally posted by: Greven

You are blinded by your preconceived ideas, here. Profit requires growth. Growth requires consumption. Consumption requires resources. Once resources diminish, growth does as well.

Your analogy is highly flawed. Intellectual resources are limitless.

That is incorrect. Work is exchanging time for money. Profit is exchanging some money for more money.

Your salary is a profit, hence the reason it is taxed.

Further, attack the argument, not the person. You should know well the fallacy.

You are not being attacked, stop being sensitive.

originally posted by: AugustusMasonicus

originally posted by: Greven

You are blinded by your preconceived ideas, here. Profit requires growth. Growth requires consumption. Consumption requires resources. Once resources diminish, growth does as well.

Your analogy is highly flawed. Intellectual resources are limitless.

That is incorrect. Work is exchanging time for money. Profit is exchanging some money for more money.

Your salary is a profit, hence the reason it is taxed.

Further, attack the argument, not the person. You should know well the fallacy.

You are not being attacked, stop being sensitive.

Do thoughts directly provide food on the table?

The basic definition of profit is that you get more money from something than money you put into said thing. The basic definition of work is exchanging your time for money, which you seem to be confusing for profit.

You immediately built a foundation for tu quoque:

originally posted by: AugustusMasonicus
Do you work for free or do you produce everything you require yourself?

Then, with your second reply, when you used that fallacy:

originally posted by: AugustusMasonicus
Because if you work you are profiting.

Now, you reject that you attacked me.

Do you disagree with my argument or not?

Consumption requires resources. Once resources diminish, growth does as well.

WHAAAAAAAAAAAAAAAAAAAAAAAT ?

Takes resources to GROW.

originally posted by: neo96
WHAAAAAAAAAAAAAAAAAAAAAAAT ?

Takes resources to GROW.

Your reply is incomprehensible. Elaborate.

originally posted by: Greven

Do thoughts directly provide food on the table?

They certainly can.

The basic definition of profit is that you get more money from something than money you put into said thing. The basic definition of work is exchanging your time for money, which you seem to be confusing for profit.

Because your salary is profit:

NOUN

1.a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something:

Pay particular attention to the bolded part.

You immediately built a foundation for tu quoque:

Yes, because you decry profit yet if you work you are profiting.

Do you disagree with my argument or not?

No, because if you are drawing a salary and criticize profits you are a hypocrite.

originally posted by: AugustusMasonicus
a reply to: CB328

This is what happens when you have the second highest corporate tax rate in the world.

Actually this is a result of trade agreements with nations that have no minimum wage, and globalization without regard to the American people.

You are ignoring facts.

The loopholes that the major cooperations have written into law have assured they pay no taxes in the US, so your logic has no basis in reality.

www.abovetopsecret.com...

originally posted by: Isurrender73
[
Actually this is a result of trade agreements with nations that have no minimum wage, and globalization without regard to the American people.

Did you bother to read the article? This is not about labor costs, this is about liquid assets in overseas accounts.

And if they are all paying no taxes then why offshore their profits?

a reply to: Greven

I understood it just fine.

As my pappy use to say it takes money to chase women, and drink whiskey.

No money. No chasing. No Drinking.

a reply to: AugustusMasonicus

Offshoring profits is one of the ways to avoid taxes, and it should be illegal.

Globalization is destroying the middle class. The people of the US and most of the industrialised world have received absolutely no benefit from globalization.

Globalization has been nothing but a fraud, putting more wealth in the hands of the few and destroying the middle class.

Globalization is part of what made this possible, so trade agreements are very much a part of the problem.

originally posted by: AugustusMasonicus
They certainly can.
Because your salary is profit:

NOUN

1.a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something:

Pay particular attention to the bolded part.

You immediately built a foundation for tu quoque:

Yes, because you decry profit yet if you work you are profiting.

No, because if you are drawing a salary and criticize profits you are a hypocrite.

You are ignoring the word "directly" in that query. Can thinking about something shoot a deer, gut it, and prepare a meal? Can thinking about something plant and harvest crops?

Why are you arguing about the definition of profit? Seriously, this is the most bizarre argument imaginable. Financial gain in that context is related to the other part of the definition: "especially the difference between the amount earned and the amount spent."

Profit is not salary. Profit is not pay. Profit is not income. Profit is earning more money from something than you put into it. In case you missed it, and still somehow think Profit = Income, the bold part above is the thing I am criticizing. Your previous claim that governments tax income because it is profit is equally strange - have you not heard of sales tax? That's tax on spending money. There are also use taxes, tolls, fees on licenses, etc.

You literally just said you weren't attacking me, now you invoking - directly - tu quoque; aka: appeal to hypocrisy. How can anyone trust what you say about anything, when you are so two-faced?

a reply to: Isurrender73

Offshoring profits is one of the ways to avoid taxes, and it should be illegal.

There are lots of reasons business leave this country.

Taxes is among the reason but is NOT the only reason.

Growth,market,Labor, and better business environment in general.

Corporations DO pay taxes.

Here, and abroad.

That is a FACT.

originally posted by: neo96
a reply to: Greven

I understood it just fine.

As my pappy use to say it takes money to chase women, and drink whiskey.

No money. No chasing. No Drinking.

What?!

I am saying I don't understand what you are trying to say with:

originally posted by: neo96
WHAAAAAAAAAAAAAAAAAAAAAAAT ?

Takes resources to GROW.

...not anything about your comprehending my writing! Really, what are you trying to say?

a reply to: Greven

Growth requires a sustained source of income.

A renewable one at that.

Let's take the op.

Take that $1.4 from the evil corporations then what ?

Spend it of course, but then those companies no longer have the funds to do R and D, buy new equipment, and everything else it takes to RUN A BUSINESS.

That resource is GONE.

Then what ?

Corporations need to have a "war chest" of money in order to fight patent trolls, legal battles and other disputes that require paying lawyers over years if not decades.

en.wikipedia.org...

www.digitaltrends.com...

Of course, the shareholders feel that that money would do better as share dividends, but the last thing any CEO wants to do is start laying off experienced workers when things slow down, only to find it impossible to rehire them when things pick up.

originally posted by: stormcell

the last thing any CEO wants to do is start laying off experienced workers when things slow down, only to find it impossible to rehire them when things pick up.

I worked for a large corporations and they had no concern for laying off quality employees. The only concern was profits. And I was not layed off, so I am not saying that out of bitterness.

What you say sounds like the right thing to do but it is not the reality of how things are done.

originally posted by: Isurrender73
Offshoring profits is one of the ways to avoid taxes, and it should be illegal.

Which will only further worsen the issue. You will just have companies charter themselves in another country.

Globalization is destroying the middle class. The people of the US and most of the industrialised world have received absolutely no benefit from globalization.

They certainly do. Take a guess who is the largest importer of United States largest products.

Globalization has been nothing but a fraud, putting more wealth in the hands of the few and destroying the middle class.

Globalization is part of what made this possible, so trade agreements are very much a part of the problem.

And what is your spectacular economic solution? Complete isolationism?

originally posted by: Greven

You are ignoring the word "directly" in that query. Can thinking about something shoot a deer, gut it, and prepare a meal? Can thinking about something plant and harvest crops?

Semantics. An idea can generate profit and accomplish those goals.

Why are you arguing about the definition of profit? Seriously, this is the most bizarre argument imaginable. Financial gain in that context is related to the other part of the definition: "especially the difference between the amount earned and the amount spent."

You do release the wording is 'especially the difference' and not 'the difference'? It is a qualified. Again, if your salary is not profit why is it taxed? Income is profit, it is profit form your time.

You literally just said you weren't attacking me, now you invoking - directly - tu quoque; aka: appeal to hypocrisy. How can anyone trust what you say about anything, when you are so two-faced?

Pointing out hypocritical comments is not a personal attack. Stop being hysterical.

a reply to: Isurrender73

Corporations have a fiduciary responsibility to their shareholders...period. Big corporations need big reserves for all kinds of reasons. Many of those high tech companies and others mentioned in the OP's article are Obama cronies, so they probably know what is coming down the pike. Pay attention to the UN's sustainability rhetoric this month. Taxing companies is in their crosshairs.
www.reuters.com...

He called for a team of "tax inspectors without borders" to build trust in countries' systems and boost investment.
"If you get it right, you can get trillions," Gurria said.

a reply to: Bluntone22

How soon can space mining and prospecting begin?