tag:blogger.com,1999:blog-20358187.post7498317955146864165..comments2023-10-22T09:18:16.885-04:00Comments on Far and Wide: The Failure Of Corporate Tax CutsSteve Vhttp://www.blogger.com/profile/04871113039374739208noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-20358187.post-84063741588560050812012-01-27T13:17:06.715-05:002012-01-27T13:17:06.715-05:00Or perhaps there are just millions and millions of...<i>Or perhaps there are just millions and millions of middle class idiots who take the sides of CEOs and corporate executives because they have no fucking idea what their own best interests are.</i><br /><br />BINGO!!!<br /><br />Since the Reagan/Thatcher era, the middle-class has been brainwashed into thinking that corporations should be given everything they want, in exchange for the jobs they supposedly will provide. Libertarian-corporatism needs to be exposed for the scam that it is.Tof KWhttps://www.blogger.com/profile/15756310841374198056noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-43482478039668679472012-01-27T10:56:12.157-05:002012-01-27T10:56:12.157-05:00What if we hiked taxes on companies (like mine) th...What if we hiked taxes on companies (like mine) then allowed tax breaks to a floor based on investment in innovation? Establish clear rules to limit the cheats.<br />Oh & Frunger, so you know. Many large multi nationals pay minimum tax here as a result of HEAD OFFICE charges...located in TAX HAVENS.JimmEhttps://www.blogger.com/profile/03703715618040666970noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-48351980125460990562012-01-26T22:18:43.710-05:002012-01-26T22:18:43.710-05:00Steve, I guess you didn't know there were so m...Steve, I guess you didn't know there were so many CEOs and corporate executives reading your blog. <br /><br />Or perhaps there are just millions and millions of middle class idiots who take the sides of CEOs and corporate executives because they have no fucking idea what their own best interests are.Carmichaelhttps://www.blogger.com/profile/12516990599047585574noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-67988857809329503472012-01-26T19:41:47.883-05:002012-01-26T19:41:47.883-05:00The thing about corporate executives is that they ...The thing about corporate executives is that they all sit on one another's boards of directors, granting one another inflated wages. It's a giant scam. I believe with St. Paul that there is no salvation in law, even tax law, but if I was a shareholder, I'd be gutting this practice with a fish knife.Jerry Pragerhttps://www.blogger.com/profile/09054428435443042500noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-3630094713920744922012-01-26T19:38:38.459-05:002012-01-26T19:38:38.459-05:00A post Liberal-past liberal Steve, I know the fact...A post Liberal-past liberal Steve, I know the fact the Chretien gained power via a lie about getting rid of the American free trade deal, but I think all the evidence about the corporate economy in general points to corporate fail, hashtag delete,, please liberals, denounce neo-liberalism as a corporatist conspiracy against liberalism, and come out in defense of a retooled responsible/partnership/cooperative enterprise, with liberty for both individuals and the community at large.Jerry Pragerhttps://www.blogger.com/profile/09054428435443042500noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-60398915305438764202012-01-26T15:03:05.316-05:002012-01-26T15:03:05.316-05:00Wow.Wow.Steve Vhttps://www.blogger.com/profile/04871113039374739208noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-54891719002834513932012-01-26T15:00:46.923-05:002012-01-26T15:00:46.923-05:00I'm not sure what your ultimate point is. If i...I'm not sure what your ultimate point is. If increased profits from a coporate tax cut are paid out to shareholders, then they are taxed as dividend income and the combined shareholder dividend tax rate and new corporate tax rate is at least equal to, and I think more than, the old corporate tax rate. Where is the loss to the government?<br /><br />Isn't the argument usually that the tax savings just sit in a bank or are sent offshore?Peterhttps://www.blogger.com/profile/15836910211382887430noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-71471025487614102042012-01-26T12:38:11.745-05:002012-01-26T12:38:11.745-05:00Here's a good link for understanding who benef...Here's a good link for understanding who benefits the most from dividends:<br /><br />http://www.behindthenumbers.ca/2011/10/24/the-financial-wealth-of-canadas-top-1/Steve Vhttps://www.blogger.com/profile/04871113039374739208noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-8784070111899623512012-01-26T11:43:49.969-05:002012-01-26T11:43:49.969-05:00The rest of it is made up of the middle class'...<i>The rest of it is made up of the middle class' investment portfolios, RRSPs and pension plan holdings.</i><br /><br />In terms of mutual funds and acitively managed pension plans, <a href="http://articles.businessinsider.com/2011-08-14/news/30047425_1_index-funds-low-cost-index-fund-industry" rel="nofollow">high fees</a>, the MER, can eat into dividends for investors. Anyway, this is another way the banks/financials manage to funnel money to themselves.<br /><br />(Yeah, they're managing your money, but the majority of managed funds <a href="http://finance.yahoo.com/blogs/daily-ticker/most-mutual-funds-ripping-off-says-ifa-mark-20110412-105137-183.html" rel="nofollow">don't beat the market.</a> What we're paying for might not be worth half as much as they're asking.)sharonapple88https://www.blogger.com/profile/11149226422042041129noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-37433344904104323102012-01-26T11:02:48.199-05:002012-01-26T11:02:48.199-05:00Thank you for the grade 9 level tutorial on divide...Thank you for the grade 9 level tutorial on dividends. Perhaps READING the post and study would help, miss the part about who benefits MOST from dividends?Steve Vhttps://www.blogger.com/profile/04871113039374739208noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-23563657362244808012012-01-26T10:42:24.410-05:002012-01-26T10:42:24.410-05:00"redistributing their riches to themselves an..."redistributing their riches to themselves and their friends"<br /><br />Actually, dividends get paid to 'investors' or 'shareholders' of which "themselves and their friends" make up a very small percentage. <br /><br />The rest of it is made up of the middle class' investment portfolios, RRSPs and pension plan holdings.<br /><br />Paying dividends helps us all, not just the CEO and the board.<br /><br />We can only hope that Obama continues his assault on Corporate America and the 'rich'. We should welcome them and their head offices here.Frungerhttps://www.blogger.com/profile/02043359335102247574noreply@blogger.com