Post inauguration Trump:

[Culprit]

Mexico is going to build ladder, mind you there are enough tunnels available. To add, just like here the illegals fly in legally and just stay and in the USA those illegals are more than likely to work for Trump or are employed servants for the rich.

[Wokko]

I could expand my foreign affairs to include Hawaii in this case

[watt price tully]

Declaring a national emergency over a wall wont end well for Trump


https://www.theguardian.com/commentisfr ... -for-trump

[HAL]

Why not?

[Skids]

The babbling booby AOC strikes a blow for employment in NYC.


The set of "Morning Joe" was not happy about the decision by Amazon to pull out of their new planned headquarters in New York City yesterday, laying the blame for the decision at the feet of Rep. Alexandria Ocasio-Cortez and fellow recalcitrant progressive lawmakers.

On set there was near unanimity that Ocasio-Cortez did not understand the broader situation and was unfamiliar with basic economics.

https://www.thewrap.com/morning-joe-rip ... t-herself/

[roar]

I'm neither pr or anti AOC but I certainly believe Amazon is the evil empire, so good on her.

[stui magpie]

AOC was certainly one of the more high profile objectors, but hardly the only one.

t's Valentine's Day and the footpaths of Long Island City are packed with people carrying bouquets of roses. But the topic on everyone's lips is a break-up announced earlier that day.

Online shopping giant Amazon revealed it was abandoning plans to open a massive new headquarters in this gritty neighbourhood in Queens following a local backlash.

Depending who you ask, the decision is either an inspiring triumph for community activism over corporate greed or an ideologically-motivated act of economic suicide.

Apparently cities around the country competed against each other to get Amazon to move in, offering free land and tax breaks.

New york was offering $3Billion in tax breaks, expecting to get a return of 25000 jobs and $25 Billion in tax over 25 years. Not sure if betting that todays big companies will still be around in 25 years, stuff tends to change.

https://www.theage.com.au/world/north-a ... 50y7l.html

[David]

[Wokko]

Company taxes are a terrible tax. They play well with the economically illiterate though. Higher company taxes lead to lower tax takes, lower employment, economic stagnation and companies choosing to do business elsewhere. This particularly moronic campaign has meant that there are 25,000 people not working in AOCs own electorate and paying income taxes, spending their money in the local area, investing etc.

She thinks that the 'tax break' can now be spent on other things, but really it's 20B+ lost to the local economy.

[stui magpie]

Companies should pay tax on profit, and not be able to avoid it by shifting money around, it's only the rate that's contentious.

Giving a company tax breaks to enable it to employ more local people can have flow on benefits to the local economy that offset those tax breaks. Particularly so in the USA where workers pay both state and federal income tax.

Federal tax rates https://smartasset.com/taxes/current-fe ... x-brackets

State ones https://www.businessinsider.com.au/stat ... ?r=US&IR=T

Not to mention how they apply Sales tax, which is state based and can be delegated down to counties. https://en.wikipedia.org/wiki/Sales_tax ... ted_States

Our system seems simpler, but we pay too much tax.

[David]

[Wokko]

Companies collect taxes for government, both sales and income taxes. If you tax them directly then that expense just gets passed straight onto the customer. They're stupid, useless taxes. There's a reason that tax havens thrive economically.

[stui magpie]

Companies collect taxes for government, both sales and income taxes. If you tax them directly then that expense just gets passed straight onto the customer. They're stupid, useless taxes. There's a reason that tax havens thrive economically.

I'm not sure I follow your argument.

companies don't collect income tax, anything big enough to be a company uses software to just deduct the appropriate amount of income tax and pass it electronically to the government. That doesn't come out of their pocket and costs them far call to manage.

Sales Tax I'll give you retailers and services companies collect GST from the customer and pay it to the government, but again it doesn't come out of their pocket or impact their profit.

Companies get more deductions to their taxable income than a wage slave does, why shouldn't the company pay tax on it's profits?

In regard to the offshore tax haven, I do support the notion that a company should pay tax on the profit it makes in a country it makes the profit in, not just the country where they're incorporated.

[Skids]

Trumpinator is absolutely nailing Florida

[Wokko]

Old Commie Sanders just announced he's running in 2020