Neutral
BTV
Melbourne Uni, I'm in my 3rd year of a BCom.
University of Virginia and ANU grad here. Melbourne is so much better than any other city in Australia. Victoria on the whole is pretty cool....driving on Great Ocean Road!
Melbourne Uni, I'm in my 3rd year of a BCom.
Friedman is correct. If Sanders stopped his half thought out bleating about breaking up the banks and more about job creation he would be received much better among business people. As it stands, you will see massive capital flight from the US if Bernie is elected (which he won't be) since corporations are already burdened with the highest corporate tax rates in the developed world.
I think I prefer and believe more in watching the real time proof of his modern business acumen in this modern economy than the tired old right wing talking points of capital flight and those poor American corporations overburdened by tax. LOL. We shall see . . .
Wait...what?
University of Virginia and ANU grad here. Melbourne is so much better than any other city in Australia. Victoria on the whole is pretty cool....driving on Great Ocean Road!
Can you name any business entity other than Ben and Jerry's who would be excited at a Sanders Presidency and higher taxation ?
Could you name any other Senator who rejected the Iraq war, badgered congress over what was going to happen in 2008, warned years ago of these Panama sham, and has gone on to exhibit such brilliant entrepreneurial skills to run such a brilliant campaign? I think I´ll take his view over yours, somehow.
You're ducking it. This isn't about the Iraq War or 2008. We're talking about the present economic situation. Can you name any business entity that is excited about a Sanders Presidency and higher taxation (which he has promised) ?
So, does making a business entity supporting him make it right? No! Plus, I´m sure they loads. Let me look.
The mental gymnastics here is amazing. Even in the heat of the 2008 campaign, Hillary Clinton and Barrack Obama never called each other unqualified. It's one of the gravest insult you could hurl at each other. Social media is exploding over this, Hillary's base is fired up and the MSM coverage is damaging to say the least.
A good play would be to keep her base complacent while campaigning to pick off pocket of votes that can win him some congressional districts in NY to peel off delegates. This one is a colossal mistake and he's just kissed goodbye to the Dem base. You don't say that about a candidate beloved by 80% of the party.
I think that's the point. We're all bloody sick of 'business entities'.Can you name any business entity other than Ben and Jerry's who would be excited at a Sanders Presidency and higher taxation ?
You do that.
To be fair, I'm not the brightest in the box, but I've problems with may of your posts
I think that's the point. We're all bloody sick of 'business entities'.
Might not happen this time, but it will. Look at the crowds for Sanders and Corbyn. It's clearly what the young want, and that's only going to get stronger.
Yes that is such a terrible insult! Much worse than attempting to lay the responsibility of dead children at his feet
Ditto for Trump and most others.I think Bernie is good for the race and the questions he is asking, but he there are massive holes in some of his policies that need to be scrutinized a lot more than what has been done - for his sake and the integrity of his own campaign.
@Raoul
you are simply speculating about the huge outflow of capital.
Bernie is only talking about redirecting how money is spent. Sure he wants to raise taxes. That alone is insufficient reason for capital outflow.
The last thing we want is a president who appeals to business over people.
What a load of guff.
The last thing we want is a president who appeals to business over people.
What a load of guff.
No, there will definitely be a lot of business who leave the US. First, the US already has the highest corporate tax rate in the civilized world, therefore businesses are already now, in the present, incentivized to pursue tax inversions by setting up shop under holding companies headquartered in foreign countries with much less rates. Its actually quite embarrassing when you consider so called social democratic states in Europe, currently have significantly less corporate taxes, which makes them much more hospitable for US companies. Second, all this class warfare talk about breaking up the banks, shafting the financial community to pay for his free shit for all programs is probably not helping. Its actually quite disgraceful and one of hte main reasons i will never support.
No, there will definitely be a lot of business who leave the US. First, the US already has the highest corporate tax rate in the civilized world, therefore businesses are already now, in the present, incentivized to pursue tax inversions by setting up shop under holding companies headquartered in foreign countries with much less rates. Its actually quite embarrassing when you consider so called social democratic states in Europe, currently have significantly less corporate taxes, which makes them much more hospitable for US companies. Second, all this class warfare talk about breaking up the banks, shafting the financial community to pay for his free shit for all programs is probably not helping. Its actually quite disgraceful and one of hte main reasons i will never support.
Businesses are made up of people. Therefore the pursuit of undercutting business in what is innately a capitalist system, can be logically challenged as anti-the people.
The fact that you continue parroting right wing talking points does not make it so. It´s actually quite embarrassing that US companies think they can set up shop in foreign companies and think they can do business as usual in the US. Maybe we need to look at this relationship much closer and start closing up tax loopholes. Let business be beholden to the US, not the US to business.
Yet other countries are able to do what Bernie suggests and still have strong economies.
Why do you think that is?
The family of the victim made that request, and while that doesn't mean it's fair, they have the right to be frustrated with the man who claim to represent their interest but voted for the legislation that prevents them from seeking justice. Unless you think that it was all orchestrated as a cynical ploy to discredit him.
I understand where you are coming from.
But look at this. The amount we waste on Health Insurance. An unnecessary expense. Corporations hiding off-shore and paying zero taxes. GE pays zero taxes? how does that benefit us?
How do you think Germany for example is successful? They make sure unions have feet at the table. Unless we make full use of all our citizens, including full investment in education (this not an expense btw) we will be left behind...as we are now.
Because they are all massively smaller economies and all of them have lower tax rates for corporations.
goes against logic that.
People are the ones that drive the economy.
I think the fundamental problem for Bernie is that the US is innately a capitalist system and his policies are as he admits, social democratic. That works in smaller countries with small populations and smaller economies, but it will almost surely fail in a country where half the population (Republicans) want more deregulation, lower taxes, and less government spending (except defense of course). Introducing Bernie type ideas into the equation would merely widen the bifurcation of gridlock we are already paralyzed by.
Republicans want what Democrats and everyone else wants. Republicans all hated medicare. Now they love it. So they have been brainwashed into thinking Social Security is an 'entitlement' program. Really??
Its a mind set. Most people don't understand such things.
What you are saying is it is going to be difficult to get policies through. That does not invalidate them. They make economic sense.
There's an easy solution to that - lower the corporate income taxes in the US so they are fair and on an equilibrium with Europeans countries. The US has a corporate tax rate of 40% - Ireland's as 12%, the global average is 24%. Get it down to a normal rate and businesses will be incentivized to keep their capital in the US system, as opposed to abroad.
It's easier to pull off in a minnowish, generally homogenous European country with a small economy, where people are generally agreeable about what they want from governance; but next to impossible in the world's biggest economy that is culturally and ideologically quite heterogeneous and half the country wants less government and half wants a combination of neutrality and more government action.
It's easier to pull off in a minnowish, generally homogenous European country with a small economy, where people are generally agreeable about what they want from governance; but next to impossible in the world's biggest economy that is culturally and ideologically quite heterogeneous; where half the country wants less government and half wants a combination of neutrality and more government action.
It´s not that easy. Here´s something to reflect upon: http://www.cheatsheet.com/business/...-we-lower-corporate-tax-rates.html/?a=viewall
They make sense to you because you happen to agree with them, but they actually don't make sense under the current capitalist system. You would have to change the American system to social democratic, for them to make sense in the states. If you leave it as the current capitalist system, they would merely be a surface nuisance that slowly erodes the system from within.