What is wrong with American companies?,
and their puppets and proxies in the media (CNBC, Fox Busniess New, etc.)?
Why do these news stations, report their highly charged, slanted personal belief statements with such faux paus authority as if it were real or factual? Wasn't that what contributed / ran that delusional youth in Arizona into such sociopathic actions? Why do they keep allowing guests and others to espouse the notion that somehow America needs to cow-tow to the corporations, yet again on this very same matter?
What is wrong with the American ideal and ethic in thinking that this or any other administration should lower or provide more corporate welfare through special tax breaks to incentivize them to repatriate their overseas profits that they have accumulated as a result of their business practices.
Where is their sense of loyalty or obligation or duty or honor? Where is their sense of shared responsibility?, when the nation continues to shoulder the worlds' defense budget / expense, and provides a platform and reputation / credibility of being an American product produced by Americans, all of which they have not payed for but directly benefit from?
Where is their sense of decency? Where is their sense of obligation to return what they have earned through their corporate tax obligation?, without some special break or otherwise?
We are talking about a cumulative amount exceeding $4.3 trillion dollars (if not more) in free floating funds, all of which even at 20% or 35% tax rate to repatriate to the US would do wonders to achieve these objectives of these various groups, whether tea baggers, consevative extremists, or liberal extremists, or independent idealists.
Such tax payments would go a long way to restore the full faith and credibility of the finances of the very same nation, country, system and institutions that provided the very shoulders of a giant from which they launched, maintained and succeeded from in their corporations.
Such tax payments would not only reduce the deficit, restore the broken finances of a severely ailing nation, nation states, states, municipalities, school - health - local governments (fire, police, sanitation, social services) throughout the entire country.
Such tax payments would reduce the deficit and ailing US Dollar relative to other currencies, particularly the Euro, Reminbi, Yen, Aussie Dollar, etc.
Such tax payments would force the valuation of Crude down to its normal valuation of between $18 USD - $40 USD and do ten times more than its amount of payments, in good, towards fueling US domestic growth (through lower fuel costs).
Such tax payments would almost instantly, through increase in stability of the finances of the US and its deficit and resultant increase in the US Dollar (through seeing a significant reduction in overal debt and devaluation in the eyes of the world) cause Crude to drop in relative US Dollars and price and cause the finances and deficits of the Metropolitan Transportation Systems (of every city throughout the US) to come back in balance, as they are such heavy consumers of diesel, gasoline and other fuel based products. These municipal systems have no choice but to continue to consume fuel at the current price and are constrained by their limitations of revenue through local fares and whatever they can take in through fare increases.
Such tax payments would accomplish the much lauded objectives of these tea baggers, who extole their agenda but no means of accomplishing it.
There are times when Economics overlap Politics and Tax Policy remains one of those largest overlapping discussions. Viewing this matter as it plays out in the media from a neutral perspective, hence an objective academic perspective leads one to these conclusions.
Idealistic rantings of a delusional trader, you say? Not really, these are the same conclusions being reached by senior professors of finance and tax policy all across the nation (provided you attended one of the better B Schools).
These are the same conclusions of the recent non-partisan or bi-partisan agenda recently released (http://www.fiscalcommission.gov/sites/fiscalcommission.gov/files/documents/CoChair_Draft.pdf). Page 3 of the presentation starts out with this lofty statement:
Our Guiding Principles and Values
and their puppets and proxies in the media (CNBC, Fox Busniess New, etc.)?
Why do these news stations, report their highly charged, slanted personal belief statements with such faux paus authority as if it were real or factual? Wasn't that what contributed / ran that delusional youth in Arizona into such sociopathic actions? Why do they keep allowing guests and others to espouse the notion that somehow America needs to cow-tow to the corporations, yet again on this very same matter?
What is wrong with the American ideal and ethic in thinking that this or any other administration should lower or provide more corporate welfare through special tax breaks to incentivize them to repatriate their overseas profits that they have accumulated as a result of their business practices.
Where is their sense of loyalty or obligation or duty or honor? Where is their sense of shared responsibility?, when the nation continues to shoulder the worlds' defense budget / expense, and provides a platform and reputation / credibility of being an American product produced by Americans, all of which they have not payed for but directly benefit from?
Where is their sense of decency? Where is their sense of obligation to return what they have earned through their corporate tax obligation?, without some special break or otherwise?
We are talking about a cumulative amount exceeding $4.3 trillion dollars (if not more) in free floating funds, all of which even at 20% or 35% tax rate to repatriate to the US would do wonders to achieve these objectives of these various groups, whether tea baggers, consevative extremists, or liberal extremists, or independent idealists.
Such tax payments would go a long way to restore the full faith and credibility of the finances of the very same nation, country, system and institutions that provided the very shoulders of a giant from which they launched, maintained and succeeded from in their corporations.
Such tax payments would not only reduce the deficit, restore the broken finances of a severely ailing nation, nation states, states, municipalities, school - health - local governments (fire, police, sanitation, social services) throughout the entire country.
Such tax payments would reduce the deficit and ailing US Dollar relative to other currencies, particularly the Euro, Reminbi, Yen, Aussie Dollar, etc.
Such tax payments would force the valuation of Crude down to its normal valuation of between $18 USD - $40 USD and do ten times more than its amount of payments, in good, towards fueling US domestic growth (through lower fuel costs).
Such tax payments would almost instantly, through increase in stability of the finances of the US and its deficit and resultant increase in the US Dollar (through seeing a significant reduction in overal debt and devaluation in the eyes of the world) cause Crude to drop in relative US Dollars and price and cause the finances and deficits of the Metropolitan Transportation Systems (of every city throughout the US) to come back in balance, as they are such heavy consumers of diesel, gasoline and other fuel based products. These municipal systems have no choice but to continue to consume fuel at the current price and are constrained by their limitations of revenue through local fares and whatever they can take in through fare increases.
Such tax payments would accomplish the much lauded objectives of these tea baggers, who extole their agenda but no means of accomplishing it.
There are times when Economics overlap Politics and Tax Policy remains one of those largest overlapping discussions. Viewing this matter as it plays out in the media from a neutral perspective, hence an objective academic perspective leads one to these conclusions.
Idealistic rantings of a delusional trader, you say? Not really, these are the same conclusions being reached by senior professors of finance and tax policy all across the nation (provided you attended one of the better B Schools).
These are the same conclusions of the recent non-partisan or bi-partisan agenda recently released (http://www.fiscalcommission.gov/sites/fiscalcommission.gov/files/documents/CoChair_Draft.pdf). Page 3 of the presentation starts out with this lofty statement:
Our Guiding Principles and Values
- We have a patriotic duty to come together on a plan that will make America better off tomorrow than it is today
- America cannot be great if we go broke.Our economy will not grow and our country will not be able to compete without a plan to get this crushing debt burden off our back.
[*]Throughout our history, Americans have always been willing to sacrifice to make our nation stronger over the long haul. Thatâs the promise of America:to give our children and grandchildren a better life.
[*]American families have spent the past 2 years making tough choices in their own lives. They expect us to do the same. The American people are counting on us to put politics aside, pull together not pull apart, and agree on a plan to live within our means and make America strong for the long haul.