Originally
posted by
iNouda:
That's a nice way of putting the spin on things. It still doesn't change the fact that US companies that make BILLIONS in profit, pay barely anything in taxes (compared to the profits they make). Even though it's "legal", it still doesn't change the fact that they're using the system to get out of paying the American people the money they're owed.
Err hold on a sec...which "people" do you refer to, and what are they being owed? I thought in the land of opportunity people were supposed to work for a living, not sit back and do nothing, and collect a check from the government (like my drug dealing neighbor across the street?)
And these companies that make BILLIONS...isn't that what the purpose of a company is? To make money for its employees and shareholders? What incentive is there in having a company that breaks even all the time, after taking into account all of the risk it takes to do business? For the companies that report a gigantic loss every quarter should the government pay them a "reverse tax" to subsidize them?
Are not the companies making "all of this money" actually using that money to grow their business (creating jobs, creating products, creating money for its investors)? Or do we want to totally drive companies out of America by making it too expensive to do business here...then who will employ Americans? Do you think standing in line for bread and toilet paper is an alternative solution?
I can potentially see some of this argument for companies that make money shearly out of money manipulation (and not producing anything, ala the movie Wall Street), but in the end those types of companies are also injecting capital into the credit markets that is the engine that enables the system to run, so if such companies no longer are incentivized to offer credit, how will you get a car, a house, how will someone turn a small idea into a brilliant business? Do I need an angel investor if I want to own a home? Or maybe government can supply me a house too while they are at it (I hear Cabrini-Green is lovely this time of year!)