Politics What sides of Political fence do you sit on?

The whole appeal of populism is to find someone to demonize. Run against the boogeyman. Hitler demonized the Jews. Trump is demonizing hispanics. Sanders and a lot of other kooks demonize the Koch brothers and corporations.

They're conspiracy theories even if you buy the populist bullshit.

Be careful what you wish for, you might get it. And you won't like it.

 

See it's bullshit. Corporations pay LOTS of taxes. If the corporations didn't write checks to the government every pay period, there'd be no money for Bernie to spend. He's absolutely clueless about how economics works.

The amount of INCOME TAX that could possibly be collected if you went after all the companies paying little tax adds up to $74B/year. Enough to fund the government for about a week. It would reduce the amount of money the government is borrowing each year by about 1/10th.

Not a big win. Just more boogeymen to rail against.

He's a lunatic.

 

In the populist appeal approach, he sure is.

Fascism takes hold in a country by appeal to the middle class. Communism takes hold in a country by appeal to the lower class. That's about the only difference.

 

FTFY

barfo

 

I wouldn't have bailed out the banks. When anyone lends money to someone they don't know, the higher the risk, the higher the interest you'd charge.

Otherwise, you aren't even close to the mark.

 

Fixed it wrong, as usual.

 

http://www.publiceye.org/tooclose/pop2fasc.html
Populism as Core Element of Fascism


https://en.wikipedia.org/wiki/Populism#Fascism_and_populism

Fascism and populism
Scholars have argued that populist elements have sometimes appeared in far-right authoritarian or fascist movements.[21][22][23][24][25][26]Conspiracistscapegoatingemployed by various populist movements can create "a seedbed for fascism."[27]National socialist populism interacted with and facilitated fascism in interwar Germany.[28] In this case, distressed middle–class populists during the pre-NaziWeimar period mobilized their anger at government and big business.

The facts are on my side.

 

Yeah... I'm sure Bernie thinks corporations pay zero taxes in total. I'm sure that's what he's saying. He must be, because he's clueless, right?

Corporate profits, after tax, are about $6 trillion per year.
There's plenty of blood in that turnip if turnip blood is what you are after. A lot more than $74B.

barfo

 

The government spend $4T a year. Whining about spit in the ocean.

If you collected that $74B and used it to pay off Obama's debt, it would take over 100 years. Assuming we didn't rack up any additional debt in the mean time.

Just to put it in perspective.

It may seem unfair, sure. But there isn't some big gigantic win in this. If anything, the companies will lay off more people than they already are to compensate.

 

When is a profit not a profit? When it's invested in capital items. You know, like how an oil company takes a giant chunk of its profits to buy new rigs and land to drill on. Give that money to the government and companies will be starved for capital to improve their factories and other infrastructure.

I remember that poll about how liberals don't understand economics. You're keeping up your end.

 

Check it out.

40% payroll taxes. Corporations pay 1/2 of those, plus another 9% of what the government takes in.

​

 

Government is incredibly wasteful at spending the burdensome $4T it already spends. Why does it need more?

Whatever government wants to spend $74B on, they're already spending it on or they'll just print more money or borrow from the Chinese to spend it.

Dude, UNIONS ARE TAX EXEMPT. Pastors pay tax.

The government doesn't tax non-profit organizations.

 

Why do they get refund checks? Because the tax code encourages things like tilting at windmills. You know, green energy. The government pays companies to hire people, too.

If a company takes a big loss on something, they can carry the loss forward for years. If you have a better suggestion, you'd probably win a nobel prize in economics.

Corporations aren't getting money from the government in the form of refunds, they're getting refunds of taxes they paid at some point.

 

That adds up to about $1.5T of the $6T of profits. Still an awful lot of blood in that turnip.

barfo

 

http://www.seattletimes.com/business/boeing-has-big-tax-refund-coming-from-uncle-sam-mdash-again/

Boeing books its profits using a method that amortizes its multibillion-dollar investments in new jets over 20-plus years; for example, it averages today’s actual 787 losses against expected future 787 profits.

While the 787 program is projected to continue hemorrhaging money through 2015 at least, after that it’s supposed to creep gradually into the black and to start reducing the accumulated deficit that by then will have reached $25 billion.

Spreading the program’s current losses over future years is the accounting method that allows Boeing to show a profit every quarter.

If losses were instead booked as each jet is built, company figures show, last year’s massive $5.8 billion profit in the Commercial Airplanes division would have flipped to a $1.6 billion loss.

(reality is $1.6B loss, no blood from that turnip).