Scam alert: Trump's $1tn 'infrastructure plan' is a giveaway to the rich.

originally posted by: LesMisanthrope
a reply to: introvert

I believe you are correct about the corporate tax rate, but that does not mean the corporations actually pay for it.

Clearly there are credits and provisions they take advantage of. Otherwise there would be no sense in doing corporate business in the US.

That is not what tax incidence is.

a reply to: introvert

That is not what tax incidence is.

I never said it was.

a reply to: smurfy

Yah, like other campaign platform promises like building the wall, it will begin with a lot of media complicit fanfare, and end up vague and marginalized.

They will build some new Oil Derek in the Gulf or pipeline somewhere and say, see, look we're building up Infrastructure.

Meanwhile, new aircraft carriers, billion dollar bombers and submarines get built, away from the Public eye.

originally posted by: LesMisanthrope
a reply to: introvert

That is not what tax incidence is.

I never said it was.

Yes, but if you understood tax incidence, you would also understand how credit and other provisions, as you stated, are more akin to corporate welfare than lessening the burden of reasonable and justifiable corporate taxes.

Credits and provisions are "icing on the cake" for corporations after they have already shifted their tax costs on to consumers.

a reply to: introvert

Yes, but if you understood tax incidence, you would also understand how credit and other provisions, as you stated, are more akin to corporate welfare than lessening the burden of reasonable and justifiable corporate taxes.

Maybe I'll look into it sometime.

originally posted by: LesMisanthrope
a reply to: introvert

Yes, but if you understood tax incidence, you would also understand how credit and other provisions, as you stated, are more akin to corporate welfare than lessening the burden of reasonable and justifiable corporate taxes.

Maybe I'll look into it sometime.

Fair enough.

As far as I see it this is Trump's version of shovel ready jobs. Did everyone forget Obamas attempt to fix infrastructure spent bilions and not what road was fixed. I'll see what Trump does but i don't expect a different outcome.

originally posted by: MOMof3
a reply to: Oldtimer2

From 2015:

“Sanders, the ranking member of the Senate Budget Committee, had argued his plan was “deficit neutral.” Hundreds of billions in new spending would have been offset by closing a number of corporate tax breaks that allow some major companies to escape paying taxes or stash profits overseas. But Republicans objected and said a large tax increase on business was not the right economic plan. They want to create a new “deficit neutral reserve fund” to supplement federal infrastructure spending.

”

www.thefiscaltimes.com...

Well
Maybe you shouldnt have let the DNC crap on bernie
He would have won a fair nom process
You only have yourself to blame

a reply to: smurfy

Ah, yes, a call for more taxation on the rich.

I must assume that you have little-to-no idea exactly what percentage of American federal taxes are paid by the wealthy if you're parroting the call for higher taxes on them under the guise that they don't "pay their fair share."

God, I'm so glad to see this talking point not repeated ad nauseam by the sitting president anymore.

originally posted by: Peeple
a reply to: smurfy

His big investment is less than a third of what is needed, with only a fifth actually financed.
Yeah it's going to be great...

You can be 100% sure that the amount 'needed' is a complete lie, based on the usual quotations that hide $1000 hammers.
Let's see what can be done and then decide if it was done on time, at a reasonable budget, instead of listening to 'forecasters' that have a history of being totally wrong 100% of the time.

originally posted by: mikell
Damn it jobs and profits again, we can't have any of that. Free stuff we need more FREE STUFF !

A profit for a job well done is fine, but setting them up in a profitable eternal business when they only paid 18cents out of every dollar they spent, (the other 82 cents is your money) is another thing altogether.
Why not then let the Federal government pay for it all. (where everybody pays) and when the jobs done, the big boys can go somewhere else...and maybe even do a bit of contract to actually repair all the 'little stuff' that needs constant maintenance all over the country...the states have said they can't go by what they are already doing.

Your way, you pay the 82cents on the dollar, then you travel throught various tolls, and pay for that as well...and you can bet your nelly it won't be cheap, and they big guys will be laughing their socks off at you...the little who paid for their toll booths.

They have tolls here in Eire, the private ones cost a bomb. there's always a sucker.

a reply to: shooterbrody

I voted for sanders. I’m a socialist democrat.
I can’t do anything about the primary process.
He couldn’t have governed either with this congress of liars and hypocrites. Deficits would matter if anyone but Trump had won and nothing done. You get to pay for his tax cuts cause corporations don’t pay taxes and for the lost revenue by more borrowing, forgot that republicans mantra already.

originally posted by: MOMof3
a reply to: shooterbrody

I voted for sanders. I’m a socialist democrat.
I can’t do anything about the primary process.
He couldn’t have governed either with this congress of liars and hypocrites. Deficits would matter if anyone but Trump had won and nothing done. You get to pay for his tax cuts cause corporations don’t pay taxes and for the lost revenue by more borrowing, forgot that republicans mantra already.

I voted bernie as well still makes me mad. But I'm not a socialist democrat bottom line that's a communist. I don't think the state has any right to take over businesses either through taxation or annexation.

This is the problem I see today people have moved so far left they are anti business. Unfortunately it's those businesses that provides jobs. It's been shown over and over governments can't maintain businesses.

I suggest looking at reality for a change if you make things to difficult on business they leave the country. Great example is Venezuela every major corporation on the world has pulled out and the economy crashed

a reply to: dragonridr

I won’t debate you on my choice of socialist democrat. That’s been debated to death on ats.
I want a happy country like Norway. Capitalism fails bringing happiness. We just gave them trillion tax cuts and nobody is still happy. Now they are afraid of inflation.

a reply to: smurfy

Oh, look someone else who doesn't know how taxes work.

So I saw an infographic while I was checking up on "The Guardian" called: How To Spot Fake News, so I decided to use it on the author of the article in the OP (Robert Reich)...

What I found is WAY to many red flags for my taste:

Obama's Americans are anti-American destroyers: Michael Moore, Rahm Emanuel, Robert Reich, Saul Alinsky, Paul Krugman, FDR, the Clintons, Ted Kennedy, and Jimmy Carter (and the thousands of Marxist university professors funded by your tax dollars and their allies in the mainstream media.)

The Rational Capitalist: Tea Party Speech: July 4, 2009, "My America"

Soros brother Paul was a shipping and mining magnate that helped finance Dean Baker and Robert Reich who own and operate Truthout and Truthdig. Their philanthropist friends also finance (read pay off) Amy Goodman at Democracy Now. They all act to shepherd the left. Note what they all have in common. They are primarily Jewish. (Don't mention that though or you are automatically labeled an anti semite.) Bernie and his wife run in those same circles and were paid off by the Clinton/Podesta gang.

Those individuals and outfits are also intertwined with the Democracy Alliance that met with Nancy Pelosi, Soros, Podesta and Clinton at the Mandarin Oriental hotel in Washington, D.C. right after the election loss. That meeting was conducted in order to coordinate with MoveOn, BLM, new Forward Together and other Soros funded groups such as Avaaz, Get Up, Purpose, along with Podesta's Center for American Progress and David Brock's Media Matters. They met to get all their ducks in a row after the election.

If your on the supposed 'left', your thoughts are simply controlled by this gang. The right has their own gang of thought controllers, not much different when it comes to foreign policy, where the real robbery takes place. The proof in all that I imply above is easy to arrive at when one considers that the media, which they control, is sowing all the divisiveness now. They do not report the news, they manufacture it. They are intentionally pushing SJW divisive issues and inflaming the public on both sides of the Atlantic. They never seek to help calm down or stop the divisiveness and rage. They only inflame it.

Understanding the Zionist Corrupted Pro War Political and Media Herding Structure of the Faux Left

In the past few weeks, Robert Reich has taken to the Internet to launch a “resistance” campaign against President Donald Trump. Robert Reich is the example Wiktionary should cite while defining the idiom “the pot calling the kettle black.” He blasts CEOs for earning too much money while himself pocketing bucketloads of cash.

He criticizes the President and Breitbart for “fake news” while himself disseminating misleading or outright false propaganda. His musings on the economy are based on inaccurate information. If Reich closed his eyes and tried to envision a hypocrite, a liar and a propagandist, he might hope to see President Trump. I think all he shall see is a mirror.

Why is this man teaching at the university which, as we are repeatedly reminded, is the No. 1 public university in the world? He has a loyal following who respect or even, believe what he is preaching. Even though he occupied a high cabinet position in the Clinton administration, I believe that, at some point, a threshold is reached which, if crossed, should disqualify one from teaching some of the brightest minds in the world. Unfortunately, there are forces within this university that would put political indoctrination over the facts.

Dissecting Robert Reich

On CNN Thursday, UC Berkeley professor and former Democratic Secretary of Labor Robert Reich suggested the anti-Trump riots on campus were actually a right-wing plot to delegitimize liberals.

Robert Reich: Berkeley Protestors Right Wingers

Reich's resume raises one red flag: He is not an economist but a lawyer – a Yale Law School classmate of Hillary Clinton, who studied a smattering of economics for his PPE (politics, philosophy, and economics) degree at Oxford – a Rhodes Scholar no less.

Robert Reich's F Minus In Economics: False Facts, False Theories

Former Clinton labor secretary and perennial industrial policy hustler, Robert Reich, is a leading negative indicator. Whatever he predicts, the exact opposite occurs...

Will Robert Reich Please Shut Up

Beware of these pointy-head academics that infest American educational institutions and are teaching our children progressive policies and activism at the point of a proverbial gun – parrot the line to get the grade. Like may progressive economists, Reich is a practitioner of “do what I say, don’t do what I do.” It is about time that we reject Reich’s worldview and call bull# on his teachings and prescriptives for this great nation.

Robert Reich: Trolling Trump to Pursue a Radical Socialist Agenda?

Carl Eric Scott says:
October 3, 2016 at 12:17 pm
And by the way, Alinksy’s handbook is far less revealing about standard progressivist modes of behavior these days...
Scandalously, no-one in progressivist circles objected. Instead, guys like Robert Reich, and of course George Soros, praised the book. That’s the Democratic Party of today, people. An organization that beyond its standard forms of corruption (Chicago, etc.), is also systematically dedicated to misrepresenting the views of its opponents. Call it Hate Speech, yes, but remember, its not simply a few nasty words or phrases, but an entire 24/7 way of speaking and interacting.

Saul Alinsky, A Gift From America?

a reply to: MOMof3

I can’t do anything about the primary process.

You are doing a pretty good job of blaming trump.

lol
bernie couldnt govern with this congress but you expect trump to
that is rich
the gop establishment is still pissed trump won the nom
the only thing they have worked with trump on is the scotus nom

a reply to: shooterbrody

Yep. The congress and trump have agreed that deficits don’t matter now.

a reply to: smurfy

Sorry, Donald. The only way we get this is if big corporations and the wealthy pay their fair share of taxes to support it.

Damn those rich people STILL not paying their "fair" share. Didn't Obama fix that?

Oh wait he's been too busy buying his 8.1 million dollar house. It's only 8,200 SQ feet.

link

Will 85% or 90% be enough for you?

originally posted by: MOMof3
a reply to: dragonridr

I won’t debate you on my choice of socialist democrat. That’s been debated to death on ats.
I want a happy country like Norway. Capitalism fails bringing happiness. We just gave them trillion tax cuts and nobody is still happy. Now they are afraid of inflation.

🔑tik tik tik🔑