this wasnt a debate, it was just some guy being a dick and not wanting to buy his friend a beer. in my opinion you can be a dick and be a liberal or be a dick and be a conservative. you can be a liberal can buy me a beer, so can a conservative
@j0hnwi11iams He couldn't be describing hard left communists, because hard left communists don't believe in currency or paying only equal distribution of said goods to all who work.
You've got to be kidding me. This video is stupid. Let me help you guys out. LIBERALS WORK! Liberals do not believe that workers should make as much money as the owner. Liberals believe in regulated capitalism. Conservatives, are always the first to start name calling, ALWAYS! There is nothing is this video that sounds remotely realistic. I think that you guys live in a fantasy land.
@pinchnloaf I have never asked anyone for anything, ever! What the hell are you talking about? There are no liberals walking around, asking people for free beers. A liberal may argue, that certain governmental functions are necessary for freedom, and fairness, (public schools, roads, fire dept, police, military, a social safety net, courts, etc.) and that those things need to be paid for. And when you cut taxes on the rich, those things don't get paid for, and we have deficits!
@aaronshoup oh you crazy teenagers. raising taxes a couple of percents isn't even going to come close to relieving your massive deficits-- there you are asking for more again. the only thing that will help your countries tax problem is a; toning down the massive spending and b; getting the 50% of americans who pay no taxes at all working again. but that will never happen as long as all you idiots keep buying cheap chinese shit from walmart and all those jobs are exported overseas to build it
@pinchnloaf #1, I'm 35. #2, rolling back the Bush tax cuts, and the capital gains tax even more importantly, would take the incentive out of moving overseas, and using their business to squeeze every last dime out of it. When taxes are higher, business re-invests in their business to avoid paying taxes. That is the only way to fix the problem, to incentivize investment, and not get rich quick schemes, like the current system does.
@aaronshoup you're obviously a very lazy person given your political views. you want the govt to take care of you.
i am pro fair tax rates. i agree too low and people hoard money. but too high and you can cripple a businesses cash flow and promote international relocation.
the humor of the video is obviously lost you you. it's a parody of the conservative minset vs the liberal mindset using a simplistic conversation.
@pinchnloaf Obviously very lazy. Can I ask you a question pinchnloaf? Of what service did you volunteer? Where did you go to college? I have worked my whole life, am a U.S. Navy veteran, have three children, graduated from UC San Diego with a wife and three kids, and working full-time.
The problem with a fair tax, is that it is highly regressive. The other problem, is that it cannot possibly raise enough money to pay for the government. We are already there now, high deficits
@aaronshoup sorry, either you are lying, or you aren't a liberal.
you go ahead and tax the shit out of everyone. then when every last corporation has internationally relocated and there are literally zero jobs to be had, and nobody is working and paying tax, then you can pat yourself on the back for a job well done.
tax and spend does not create prosperity as apparent in the european union right now.
you're obviously just a kid that knows very little about economics.
You clearly mistake listening to talk radio, for actual research. The economy is actually pretty good in Germany, Denmark, Sweden, Finland. Yeah, there were some countries, like Greece that was suckered into buying mortgage derivitives from American bankers, and when they blew up they were screwed. That's true. But Greece has resorted to austerity programs to solve their problems, and that has only made things worse. GE, B of A, Exxon, Chevron, and 30 others paid no taxes in U.S
@aaronshoup lol@ you thinking the sole reason for greece collapsing is buying up poor mortgages. they needed an investment that paid dividends as a last resort to try and afford all of their social programs and it failed. socialistic societies always fail. when people like yourself realize they no longer have to work they just dont. you cannot put the ever increasing burden of the weak and incompetent such as yourself on hard working contributors or society is doomed to fail.
@pinchnloaf I don't think I said that Greece failed only because of bad mortgages. However, why don't you tell all of those European countries what you just said. What do you think socialism means?
Conservatives? Liberals? Bullshit! You're just a number to the state. This label is one more thing to distract you and while you segregate into conservatives and liberals, the state and the corporations steal 1/3 of your life in taxes, sell bad food for you, and trash TV to your children.
this is pretty legit for most liberals, not all obviously. but a lot of them simply just care about themselves. i talked with a senior liberal who wasn't willing to take a 5% SS cut to his check to help pay down the national debt. i explained to him that he's taken more out of SS than he put in, so that he was already taking my (19 yr old) generation's money, but he didn't care. then he went on to complain about the greed of CEOs making big salaries. unbelievably hypocritical
@Welsh77 An elderly person cannot afford to take a 5% pay cut. However, it may be fair, if you are going to ask the rich to pay 5% more in taxes. Fair is fair right? Listen, Social Security has not contributed 1$ to the deficit, SS is 100% paid for by payroll taxes, and is 100% solvent. People never consider that the money has to come from somewhere. Either it is paid by taxes, or it is paid by old people, or their families. Either way, it is taxation.
@aaronshoup if you don't believe the rich are rich for any particular reason, that they didn't do anything particularly commendable to earn what they have, your line of reasoning is right and they should be asked to contribute more. but they contribute more by getting rich to begin with, their work and innovation creates new products everyone else demands and it makes them cheaper. social security is solvent for the time being, but so was madoff's scam until it was uncovered.
@Welsh77 Many of the rich made their money by striking oil in their backyards, and then willing it to their children. However they made their money is not particularly important. What is important, is that the rich use more government than the middle class, or the poor do. That has to be paid for. And no, it doesn't bother me, because it has worked for many years.
@aaronshoup lol the rich use more government than the middle class and poor? no, absolutely not. 13% of our budget is welfare. and most don't get lucky to be rich, they work hard and live below their means
@Welsh77 The rich use our courts to enforce contract disputes, they use our schools to get educated employees, they use the roads to transport products, they use our military to make money on government contracts, they use the Navy to protect their shipping lanes, they use electricity that was subsidized by the tax payers. Those things are not used by the middle class or the poor. And on top of that they spend a small % of their income, so it doesn't go back into the economy.
@aaronshoup nonsense, the money they save is the source of capital investment. you think their savings are just put in a shoe box under the bed? everyone benefits from the military, roads, public education, the navy, and electricity that's made cheap by govt subsidies (but more often more expensive) those examples are nonsense, those aren't exclusive to the rich at all
@Welsh77 Corporations have hoarded 2 trillion dollars in this bad economy. This seems self evident to me. The economy stinks, we have lower taxes than ever before, corporations are not hiring (investing). It is not that those examples are exclusive, although the military makes rich people a lot of money, and kills a lot of poor people. Courts are not used by most people, a fleet of cars does more damage to the roads than one, and factories use more power than your house!
@aaronshoup yea you should be asking why they're hoarding it, not blaming them for hoarding it. we have lower a lower corporate marginal tax rate than 40 years go, but that's irrelevant. all that matters is our corporate tax rate relative to other countries that are options for the corporations, and in that sense our tax rate is much higher because we have the highest in the world. all other countries are cutting their tax rates, many have moved to flat taxes. we are falling behind
@Welsh77 That is absolutely untrue. Other countries are subsidizing their industries. They are making their exports cheaper by reverse tariffs. Brazil, Germany, China, etc. I'm not sure why you think that I am blaming them. I think that people make rational decisions, in within a web of possible choices. We have created a system, where they have no incentive to invest, because they can be profitable without it. In Germany the rich pay over 65% in taxes, they are still rich.
@aaronshoup making them cheaper? where is the free lunch coming from? what you mean by "cheaper" is that the chinese taxpayer pays for part of the good so that the consumer, whether's he's chinese or not, can pay less. if countries can make their goods cheaper by just subsidizing them, why don't we just subsidize everything? you really don't know your facts either, the top marginal rate in germany is 45%. your logic of subsidies making things cheaper is the fallacy behind big govt
@Welsh77 No, the Chinese subsidize their own exports. Germany is using a VAT tax. The point being, that the taxpayer can artificially manipulate the price of exports, making them cheaper compared to American goods in this country. The federal top marginal tax rate in germany is 45%, but there is still local taxes, property taxes, etc. The conservatives always argue that it is a great thing when the dollar drops in value, because it makes exports more attractive to buyers, same here.
@aaronshoup courts are used by millions of people. corporations don't have any money, only people have money. every time a corporation sues, thousands of stockholders are involved in the lawsuit and have something to gain or lose. corporations don't pay any taxes, only people do. you better think twice before upping their taxes, because consumers' prices will be higher, employees wages lower, or stockholders' dividends smaller. executives dont even pay a tiny share of corporate taxes!
@Welsh77 Corporations use courts to their own ends, to make a living. That's the difference. A corporation uses public services. A fleet of cars does more damage than one, they use more energy, more stuff. That has to be paid for. When it is not, we have a situation like now, with crumbling infrastructure, high deficits, etc. Prices are set by what the market will bear, not by tax rates. A corporation cannot bass all prices on, their prices are already set at what they can charge
@aaronshoup they don't make their living off of courts, and they use courts when they believe they have been wronged, just like an individual does. the only reason they use the courts so much is because there is so much regulation to contest. a large portion of corporate lawsuits are over taxes against the IRS. taxes can have as big of an influence on prices as you want, as the market reacts to taxes.
@Welsh77 Corporations use the courts to litigate contract disputes. They sue each other all the time. Who do yo think pays for the judges, the cleaning people, the building, the lights, etc.? The taxpayer is flipping the bill. They use the courts for very different reasons than we do. Of course they are in court against the IRS. They are trying to hide their money to avoid paying taxes. That is what companies do, because they have limited criminal liability. Another govt benefit
@aaronshoup if they're not passing it on, and its not stockholders, consumers, or employees, that are paying the taxes, who the fuck is paying the taxes? only PEOPLE pay taxes, saying we can tax corporations and business and act like people in the end aren't paying the taxes is sheer stupidity. very careful studies have been done showing the effect of taxation on corporations, and more than half of the tax burden is passed to consumers and employees in the form of higher prices and lower wages
@Welsh77 The taxes come out of their bottom line. What do you think? That corporations create these arbitrary profit goals, and just charge whatever they want? Prices are set, in the market, according to supply and demand principles. Not however much the owner wants to earn this year. Name one of those studies. What University was it done at. I would love to read it. Again, wages are set according to supply and demand as well, not oops, gotta pay less so I can pay my mortgage
@aaronshoup you clearly don't have a good understanding of supply and demand if you don't understand how taxes affect industry prices. as a matter of fact, YES, stockholders demand a rate of return for the risk they take, and if corporations don't meet that rate of return the stock price falls. corporations try to meet their predictions, and if they have to charge higher prices or cut wages they will, and do. do you really think stockholders are the only ones bearing the corporate tax burden?
@Welsh77 No, corporate taxes are paid by the corporation, it comes out of their bottom line. Right now, GE, B of A, Wells Fargo, Exxon Mobil, Chevron, and many others pay no taxes, and in the case of the oil companies, we actually pay them 150 million dollars/year to do business in this country.
@aaronshoup obviously prices and wages are set according to supply and demand, all im saying is that taxes change supply and demand. it's no different for a small businessman, if taxes eat into his profit, he will raise prices or pay his employees less, according to the profit he wants to earn or thinks is acceptable. stockholders are no different, they demand returns in the form of dividends and expected dividends (cap gains), and if they don't get them they'll dump the stock
@aaronshoup you have proven that you know nothing about elementary microeconomics with this statement. taxes shift the supply and demand curves, depending on the elasticity of supply and demand (that is, how responsive suppliers and demanders are to price changes.) pick up a principles of micro econ so you can learn how taxes most often shift the supply curve to the left and raise prices. till you learn that this convo is a waste of time
@Welsh77 Corporations have to compete with imports, so unless if you are trying to argue that domestic corporations can raise their prices and remain competitive with imports, I don't think you have much of an argument. The market does not represent "perfect competition".
@aaronshoup social security is piling up trillions in unfunded liabilities. those liabilities are far larger than the balance the social security trust fund, which really isn't there because it's all invested in treasuries. the government is borrowing out of the nation's retirement fund. excellent SS returns aren't coming from legitimate investments, but from other people. we owe money to people and we dont' even know where we're going to get the money from yet. doesn't that scare you?
@Welsh77 That is completely untrue. SS trust fund is invested in treasuries, and that seems perfectly reasonable to me. We have just lived through another one of those times when the banks rip people off, and their retirements are gone. Would you rather have a private corporation handle your investments, stealing from you with short-sales, and skimming 15% off the top? You think that is better?
@aaronshoup your problem is that you want to tell me where to put MY retirement money. if you want to invest your money in treasuries, go ahead and do it. i dont want to, but i'm forced to anyway, part of my freedom to do what the hell i want with my own money is taken away from me. the money isn't even for public goods, its for me, but the govt treats me like a child and forces me to lend to them to finance their big spending. yea, i do think its better, so let me do what i want with MY money!
@Welsh77 No one is preventing you from putting your money into another retirement account. However, one of the problems during the Great Depression was that bankers stole old people retirement money, and of course we just lived through another of those times. The society has decided that it is cheaper to make sure that everyone gets some money when they are elderly. Money that is not subject to short-sales, bank failures, etc. Life is more important than ideology.
When i post a comment on rick perry's channel it goes to "pending approval"??? Also the like/dislike buttons have been disabled on his uploads... You can't even post on Bachman's uploads...Hummmm so much for free speech!!!!
@PaulinaPaulino i say there should be a government commitee formed to examine this video. it shouldn't take much more than 25 employees and 8 million dollars.
@PaulinaPaulino lol r u serious. Liberals hate people who r smarter and more successful then them. I see it all the time they need to stop punishing the successful and start punishing the idiots which they seem to baby
@iDropShot856 "Punishing the Successful"? The wealthiest Americans have seen their incomes increase 180% in the last 30 years, while everyone else has had a flat increase and even a decrease in the poorest.
@PaulinaPaulino of course that's gonna happen but liberals seem to baby those who have made poor decisions in their life and they take all their anger out on the rich and the businesses who create revenue for this country
@iDropShot856 Yes, because being born into poverty is a choice, and because getting old is a choice. What good is revenue to a country where only 1% has said revenue? Seriously, take a real political science class and actually make informed statements rather than a summarized version of spoon fed Fox News.
@Comanglia being born into poverty is not a choice, but its the parents fault for being in that situation. Yes i realize that in a bad economy people lose jobs, but there should be no excuse when ur economy is strong that u should be poor. Have you seen the parents of children who are in poverty it doesn't loo like they ever even went to school. People need to start taking advantage of the free education that is offered in america. The 1% are not the only ones the middle class sees revenue too
@iDropShot856 It's not always the parents fault for being in poverty albeit some probably have no one to blame but themselves, but a good example of how poverty effects multiple generations without choice and very little exception is the treatment of many Native American tribes. Specifically in South Dakota where it's literally like a 3rd world country for them i.e. no electricity, no plumbing, and very little income. Some cases you have cases like that in the inner cities.
this wasnt a debate, it was just some guy being a dick and not wanting to buy his friend a beer. in my opinion you can be a dick and be a liberal or be a dick and be a conservative. you can be a liberal can buy me a beer, so can a conservative
TASSOS502 1 week ago
DUDE WHO MADE THIS VIDEO---ILL BUY *YOU* A BEER!! AWESOME WORK BRO
sirenswake 2 weeks ago
Youtube audio transcript is pretty good in this one. Amazing!
Katapult5721 2 weeks ago
party$1
alambify 1 month ago
Bad Analogy. You may be describing hard left communists, but not liberals. FAIL.
j0hnwi11iams 1 month ago
@j0hnwi11iams He couldn't be describing hard left communists, because hard left communists don't believe in currency or paying only equal distribution of said goods to all who work.
Comanglia 1 month ago
You've got to be kidding me. This video is stupid. Let me help you guys out. LIBERALS WORK! Liberals do not believe that workers should make as much money as the owner. Liberals believe in regulated capitalism. Conservatives, are always the first to start name calling, ALWAYS! There is nothing is this video that sounds remotely realistic. I think that you guys live in a fantasy land.
aaronshoup 3 months ago
@aaronshoup liberals always want more money for less work. that being said, if i gave you some money out of my pocket would it ease the pain?
pinchnloaf 3 months ago
@pinchnloaf I have never asked anyone for anything, ever! What the hell are you talking about? There are no liberals walking around, asking people for free beers. A liberal may argue, that certain governmental functions are necessary for freedom, and fairness, (public schools, roads, fire dept, police, military, a social safety net, courts, etc.) and that those things need to be paid for. And when you cut taxes on the rich, those things don't get paid for, and we have deficits!
aaronshoup 3 months ago
@aaronshoup oh you crazy teenagers. raising taxes a couple of percents isn't even going to come close to relieving your massive deficits-- there you are asking for more again. the only thing that will help your countries tax problem is a; toning down the massive spending and b; getting the 50% of americans who pay no taxes at all working again. but that will never happen as long as all you idiots keep buying cheap chinese shit from walmart and all those jobs are exported overseas to build it
pinchnloaf 3 months ago
@pinchnloaf #1, I'm 35. #2, rolling back the Bush tax cuts, and the capital gains tax even more importantly, would take the incentive out of moving overseas, and using their business to squeeze every last dime out of it. When taxes are higher, business re-invests in their business to avoid paying taxes. That is the only way to fix the problem, to incentivize investment, and not get rich quick schemes, like the current system does.
aaronshoup 3 months ago
@aaronshoup you're obviously a very lazy person given your political views. you want the govt to take care of you.
i am pro fair tax rates. i agree too low and people hoard money. but too high and you can cripple a businesses cash flow and promote international relocation.
the humor of the video is obviously lost you you. it's a parody of the conservative minset vs the liberal mindset using a simplistic conversation.
pinchnloaf 3 months ago
@pinchnloaf Obviously very lazy. Can I ask you a question pinchnloaf? Of what service did you volunteer? Where did you go to college? I have worked my whole life, am a U.S. Navy veteran, have three children, graduated from UC San Diego with a wife and three kids, and working full-time.
The problem with a fair tax, is that it is highly regressive. The other problem, is that it cannot possibly raise enough money to pay for the government. We are already there now, high deficits
aaronshoup 3 months ago
@aaronshoup sorry, either you are lying, or you aren't a liberal.
you go ahead and tax the shit out of everyone. then when every last corporation has internationally relocated and there are literally zero jobs to be had, and nobody is working and paying tax, then you can pat yourself on the back for a job well done.
tax and spend does not create prosperity as apparent in the european union right now.
you're obviously just a kid that knows very little about economics.
pinchnloaf 3 months ago
You clearly mistake listening to talk radio, for actual research. The economy is actually pretty good in Germany, Denmark, Sweden, Finland. Yeah, there were some countries, like Greece that was suckered into buying mortgage derivitives from American bankers, and when they blew up they were screwed. That's true. But Greece has resorted to austerity programs to solve their problems, and that has only made things worse. GE, B of A, Exxon, Chevron, and 30 others paid no taxes in U.S
aaronshoup 3 months ago
@aaronshoup lol@ you thinking the sole reason for greece collapsing is buying up poor mortgages. they needed an investment that paid dividends as a last resort to try and afford all of their social programs and it failed. socialistic societies always fail. when people like yourself realize they no longer have to work they just dont. you cannot put the ever increasing burden of the weak and incompetent such as yourself on hard working contributors or society is doomed to fail.
pinchnloaf 3 months ago
@pinchnloaf I don't think I said that Greece failed only because of bad mortgages. However, why don't you tell all of those European countries what you just said. What do you think socialism means?
aaronshoup 3 months ago
Conservatives? Liberals? Bullshit! You're just a number to the state. This label is one more thing to distract you and while you segregate into conservatives and liberals, the state and the corporations steal 1/3 of your life in taxes, sell bad food for you, and trash TV to your children.
REVELROCK 6 months ago
this is pretty legit for most liberals, not all obviously. but a lot of them simply just care about themselves. i talked with a senior liberal who wasn't willing to take a 5% SS cut to his check to help pay down the national debt. i explained to him that he's taken more out of SS than he put in, so that he was already taking my (19 yr old) generation's money, but he didn't care. then he went on to complain about the greed of CEOs making big salaries. unbelievably hypocritical
Welsh77 6 months ago
@Welsh77 An elderly person cannot afford to take a 5% pay cut. However, it may be fair, if you are going to ask the rich to pay 5% more in taxes. Fair is fair right? Listen, Social Security has not contributed 1$ to the deficit, SS is 100% paid for by payroll taxes, and is 100% solvent. People never consider that the money has to come from somewhere. Either it is paid by taxes, or it is paid by old people, or their families. Either way, it is taxation.
aaronshoup 3 months ago
@aaronshoup if you don't believe the rich are rich for any particular reason, that they didn't do anything particularly commendable to earn what they have, your line of reasoning is right and they should be asked to contribute more. but they contribute more by getting rich to begin with, their work and innovation creates new products everyone else demands and it makes them cheaper. social security is solvent for the time being, but so was madoff's scam until it was uncovered.
Welsh77 3 months ago
@Welsh77 Many of the rich made their money by striking oil in their backyards, and then willing it to their children. However they made their money is not particularly important. What is important, is that the rich use more government than the middle class, or the poor do. That has to be paid for. And no, it doesn't bother me, because it has worked for many years.
aaronshoup 3 months ago
@aaronshoup lol the rich use more government than the middle class and poor? no, absolutely not. 13% of our budget is welfare. and most don't get lucky to be rich, they work hard and live below their means
Welsh77 3 months ago
@Welsh77 The rich use our courts to enforce contract disputes, they use our schools to get educated employees, they use the roads to transport products, they use our military to make money on government contracts, they use the Navy to protect their shipping lanes, they use electricity that was subsidized by the tax payers. Those things are not used by the middle class or the poor. And on top of that they spend a small % of their income, so it doesn't go back into the economy.
aaronshoup 3 months ago
@aaronshoup nonsense, the money they save is the source of capital investment. you think their savings are just put in a shoe box under the bed? everyone benefits from the military, roads, public education, the navy, and electricity that's made cheap by govt subsidies (but more often more expensive) those examples are nonsense, those aren't exclusive to the rich at all
Welsh77 3 months ago
@Welsh77 Corporations have hoarded 2 trillion dollars in this bad economy. This seems self evident to me. The economy stinks, we have lower taxes than ever before, corporations are not hiring (investing). It is not that those examples are exclusive, although the military makes rich people a lot of money, and kills a lot of poor people. Courts are not used by most people, a fleet of cars does more damage to the roads than one, and factories use more power than your house!
aaronshoup 3 months ago
@aaronshoup yea you should be asking why they're hoarding it, not blaming them for hoarding it. we have lower a lower corporate marginal tax rate than 40 years go, but that's irrelevant. all that matters is our corporate tax rate relative to other countries that are options for the corporations, and in that sense our tax rate is much higher because we have the highest in the world. all other countries are cutting their tax rates, many have moved to flat taxes. we are falling behind
Welsh77 3 months ago
@Welsh77 That is absolutely untrue. Other countries are subsidizing their industries. They are making their exports cheaper by reverse tariffs. Brazil, Germany, China, etc. I'm not sure why you think that I am blaming them. I think that people make rational decisions, in within a web of possible choices. We have created a system, where they have no incentive to invest, because they can be profitable without it. In Germany the rich pay over 65% in taxes, they are still rich.
aaronshoup 3 months ago
@aaronshoup making them cheaper? where is the free lunch coming from? what you mean by "cheaper" is that the chinese taxpayer pays for part of the good so that the consumer, whether's he's chinese or not, can pay less. if countries can make their goods cheaper by just subsidizing them, why don't we just subsidize everything? you really don't know your facts either, the top marginal rate in germany is 45%. your logic of subsidies making things cheaper is the fallacy behind big govt
Welsh77 3 months ago
@Welsh77 No, the Chinese subsidize their own exports. Germany is using a VAT tax. The point being, that the taxpayer can artificially manipulate the price of exports, making them cheaper compared to American goods in this country. The federal top marginal tax rate in germany is 45%, but there is still local taxes, property taxes, etc. The conservatives always argue that it is a great thing when the dollar drops in value, because it makes exports more attractive to buyers, same here.
aaronshoup 3 months ago
@aaronshoup courts are used by millions of people. corporations don't have any money, only people have money. every time a corporation sues, thousands of stockholders are involved in the lawsuit and have something to gain or lose. corporations don't pay any taxes, only people do. you better think twice before upping their taxes, because consumers' prices will be higher, employees wages lower, or stockholders' dividends smaller. executives dont even pay a tiny share of corporate taxes!
Welsh77 3 months ago
@Welsh77 Corporations use courts to their own ends, to make a living. That's the difference. A corporation uses public services. A fleet of cars does more damage than one, they use more energy, more stuff. That has to be paid for. When it is not, we have a situation like now, with crumbling infrastructure, high deficits, etc. Prices are set by what the market will bear, not by tax rates. A corporation cannot bass all prices on, their prices are already set at what they can charge
aaronshoup 3 months ago
@aaronshoup they don't make their living off of courts, and they use courts when they believe they have been wronged, just like an individual does. the only reason they use the courts so much is because there is so much regulation to contest. a large portion of corporate lawsuits are over taxes against the IRS. taxes can have as big of an influence on prices as you want, as the market reacts to taxes.
Welsh77 3 months ago
@Welsh77 Corporations use the courts to litigate contract disputes. They sue each other all the time. Who do yo think pays for the judges, the cleaning people, the building, the lights, etc.? The taxpayer is flipping the bill. They use the courts for very different reasons than we do. Of course they are in court against the IRS. They are trying to hide their money to avoid paying taxes. That is what companies do, because they have limited criminal liability. Another govt benefit
aaronshoup 3 months ago
@aaronshoup if they're not passing it on, and its not stockholders, consumers, or employees, that are paying the taxes, who the fuck is paying the taxes? only PEOPLE pay taxes, saying we can tax corporations and business and act like people in the end aren't paying the taxes is sheer stupidity. very careful studies have been done showing the effect of taxation on corporations, and more than half of the tax burden is passed to consumers and employees in the form of higher prices and lower wages
Welsh77 3 months ago
@Welsh77 The taxes come out of their bottom line. What do you think? That corporations create these arbitrary profit goals, and just charge whatever they want? Prices are set, in the market, according to supply and demand principles. Not however much the owner wants to earn this year. Name one of those studies. What University was it done at. I would love to read it. Again, wages are set according to supply and demand as well, not oops, gotta pay less so I can pay my mortgage
aaronshoup 3 months ago
@aaronshoup you clearly don't have a good understanding of supply and demand if you don't understand how taxes affect industry prices. as a matter of fact, YES, stockholders demand a rate of return for the risk they take, and if corporations don't meet that rate of return the stock price falls. corporations try to meet their predictions, and if they have to charge higher prices or cut wages they will, and do. do you really think stockholders are the only ones bearing the corporate tax burden?
Welsh77 3 months ago
@Welsh77 No, corporate taxes are paid by the corporation, it comes out of their bottom line. Right now, GE, B of A, Wells Fargo, Exxon Mobil, Chevron, and many others pay no taxes, and in the case of the oil companies, we actually pay them 150 million dollars/year to do business in this country.
aaronshoup 3 months ago
@aaronshoup obviously prices and wages are set according to supply and demand, all im saying is that taxes change supply and demand. it's no different for a small businessman, if taxes eat into his profit, he will raise prices or pay his employees less, according to the profit he wants to earn or thinks is acceptable. stockholders are no different, they demand returns in the form of dividends and expected dividends (cap gains), and if they don't get them they'll dump the stock
Welsh77 3 months ago
@Welsh77 Taxes cannot change supply and demand. Supply and demand are completely separate factors. Taxes come out of the bottom line.
aaronshoup 3 months ago
@aaronshoup you have proven that you know nothing about elementary microeconomics with this statement. taxes shift the supply and demand curves, depending on the elasticity of supply and demand (that is, how responsive suppliers and demanders are to price changes.) pick up a principles of micro econ so you can learn how taxes most often shift the supply curve to the left and raise prices. till you learn that this convo is a waste of time
Welsh77 3 months ago
@Welsh77 Corporations have to compete with imports, so unless if you are trying to argue that domestic corporations can raise their prices and remain competitive with imports, I don't think you have much of an argument. The market does not represent "perfect competition".
aaronshoup 3 months ago
@aaronshoup social security is piling up trillions in unfunded liabilities. those liabilities are far larger than the balance the social security trust fund, which really isn't there because it's all invested in treasuries. the government is borrowing out of the nation's retirement fund. excellent SS returns aren't coming from legitimate investments, but from other people. we owe money to people and we dont' even know where we're going to get the money from yet. doesn't that scare you?
Welsh77 3 months ago
@Welsh77 That is completely untrue. SS trust fund is invested in treasuries, and that seems perfectly reasonable to me. We have just lived through another one of those times when the banks rip people off, and their retirements are gone. Would you rather have a private corporation handle your investments, stealing from you with short-sales, and skimming 15% off the top? You think that is better?
aaronshoup 3 months ago
@aaronshoup your problem is that you want to tell me where to put MY retirement money. if you want to invest your money in treasuries, go ahead and do it. i dont want to, but i'm forced to anyway, part of my freedom to do what the hell i want with my own money is taken away from me. the money isn't even for public goods, its for me, but the govt treats me like a child and forces me to lend to them to finance their big spending. yea, i do think its better, so let me do what i want with MY money!
Welsh77 3 months ago
@Welsh77 No one is preventing you from putting your money into another retirement account. However, one of the problems during the Great Depression was that bankers stole old people retirement money, and of course we just lived through another of those times. The society has decided that it is cheaper to make sure that everyone gets some money when they are elderly. Money that is not subject to short-sales, bank failures, etc. Life is more important than ideology.
aaronshoup 3 months ago
This has been flagged as spam show
When i post a comment on rick perry's channel it goes to "pending approval"??? Also the like/dislike buttons have been disabled on his uploads... You can't even post on Bachman's uploads...Hummmm so much for free speech!!!!
at477sf 6 months ago
the pussy testosterone challenged liberal has been watching too much msnbc: more stupid nonsense by chicks
JoeCollege000 9 months ago
@JoeCollege000 I think you have been watching too much Fox News.
aaronshoup 3 months ago
seems like Canadian politics
va4cqd 10 months ago
This video is a parody of facts.
1) The 'Liberal' in this video is not stating the liberal position on anything.
2) The 'GOP' in this video puts together full sentences, and never uses FOX catch phrases.
PaulinaPaulino 11 months ago
@PaulinaPaulino i say there should be a government commitee formed to examine this video. it shouldn't take much more than 25 employees and 8 million dollars.
pinchnloaf 11 months ago 7
To all,
settle a disagreement. Is the fellow offering two beers for the fifteen minute errand or three beers?
Thank you.
JohnnyLackland 5 months ago
@PaulinaPaulino lol r u serious. Liberals hate people who r smarter and more successful then them. I see it all the time they need to stop punishing the successful and start punishing the idiots which they seem to baby
iDropShot856 2 months ago
@iDropShot856 "Punishing the Successful"? The wealthiest Americans have seen their incomes increase 180% in the last 30 years, while everyone else has had a flat increase and even a decrease in the poorest.
Please explain exactly how I am "punishing them"?
PaulinaPaulino 2 months ago
@PaulinaPaulino of course that's gonna happen but liberals seem to baby those who have made poor decisions in their life and they take all their anger out on the rich and the businesses who create revenue for this country
iDropShot856 2 months ago 2
@iDropShot856 Yes, because being born into poverty is a choice, and because getting old is a choice. What good is revenue to a country where only 1% has said revenue? Seriously, take a real political science class and actually make informed statements rather than a summarized version of spoon fed Fox News.
Comanglia 1 month ago
@Comanglia being born into poverty is not a choice, but its the parents fault for being in that situation. Yes i realize that in a bad economy people lose jobs, but there should be no excuse when ur economy is strong that u should be poor. Have you seen the parents of children who are in poverty it doesn't loo like they ever even went to school. People need to start taking advantage of the free education that is offered in america. The 1% are not the only ones the middle class sees revenue too
iDropShot856 1 month ago
@iDropShot856 It's not always the parents fault for being in poverty albeit some probably have no one to blame but themselves, but a good example of how poverty effects multiple generations without choice and very little exception is the treatment of many Native American tribes. Specifically in South Dakota where it's literally like a 3rd world country for them i.e. no electricity, no plumbing, and very little income. Some cases you have cases like that in the inner cities.
Comanglia 1 month ago
excellent video. sums it up!!!
ibanez7dbk 1 year ago