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Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

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Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

The Sicatoka said:
The abortion thread is that-a-ways ...
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Ironically there is a lot of truth to that.

Imagine how different America would be today if human families had been competing with orc families in number of children since 1975. Not to mention the 1% wouldn't have had abortion to WTMWK the orcs.

Plus the slight uptick evolutionary advancement of humanity.

<img src="https://creativeconflictwisdom.files.wordpress.com/2016/09/conservativeliberalbrain-differences.jpg"></img>
 
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Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Kepler said:
Ironically there is a lot of truth to that.
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That's why I wrote it.

About your picture: conservatives have more grey matter in the left insula. That region controls cognitive functioning. Cognition: the mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

That contradicts what you try to claim: It says conservatives are more cognitive as they have more insula grey matter.

Would you like to retract that image now? ;)
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

The Sicatoka said:
That's why I wrote it.

About your picture: conservatives have more grey matter in the left insula. That region controls cognitive functioning. Cognition: the mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

That contradicts what you try to claim: It says conservatives are more cognitive as they have more insula grey matter.

Would you like to retract that image now? ;)
Click to expand...

The picture isn't saying Republicans are stupid.

The picture is saying Republicans are cowards.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

The Sicatoka said:
That's why I wrote it.

About your picture: conservatives have more grey matter in the left insula. That region controls cognitive functioning. Cognition: the mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

That contradicts what you try to claim: It says conservatives are more cognitive as they have more insula grey matter.

Would you like to retract that image now? ;)
Click to expand...

The problem is they acquire that knowledge from Fox, Breitbart and infowars. Garbage in garbage out.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

I really wish they would have addressed corporate tax reform first, in a stand-alone bill, before they even tried to touch the personal income tax.

The corporate tax reform parts of the bill are cohesive and make a lot of sense:
- there is an abundance of empirical research that shows that reductions in the corporate income tax rate leads to higher worker wages, the only disagreement is by how much.
- the mechanism by how this works is intuitively sensible: businesses have more money, their purpose is to invest that money, they acquire better equipment, which makes workers more productive, which brings the workers better wages than before.
- the provisions to tap into the trillions of dollars stashed offshore promises lots of incremental extra revenue compared to the status quo, that's a big potential win right there.
- the ability to expense the purchase of capital equipment matches real life cash flows with cash flows for tax purposes, which also reduces compliance costs greatly, a double winner
- the caps on interest deduction are a good start to addressing the imbalance in tax treatment between debt financing and equity financing.
- the new marginal tax rate* puts us in a strong competitive position relative to international competitors.
- a very big improvement over the status quo that definitely improves prospects for a higher rate of economic growth, better income for workers, and the expansion of existing companies and formation of new companies. Lots to like here! one might quibble over details but unquestionably it is a huge improvement.

They should have just stopped here, counted the votes, signed it into law, declare victory, watch the economy start to hum in 2018 and then start to finagle with individual income tax. Dolts. Don't know how to leave a good thing good.

The personal income tax proposals are a real mishmash.









* please spare all of us the misguided complaint about a company's total tax bill; the only thing that matters when it comes to making a decision about what to do next is "how will it affect the current situation." Since we have a graduated tax system, the only thing that matters for day-to-day decision-making is the tax rate on the next dollar that comes in the door; whatever you already paid on the dollars that already came in is irrelevant. This distinction is probably the single biggest source of misunderstanding between people who actually have to live under the tax code compared to people who merely are talking about it with no personal skin in the game.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

I’m ok with this corporate tax reform if they pay an effective rate of 20%. Not 20% before deductions. 20% effective.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

I must be old.

I was at my grandsons soccer game today and the Moms and Dads and I were talking about businesses that are about to go under (Sears & Macy's) vs. businesses succeeding (Amazon - for now).

I brought up Gimbels as a business long gone similar to Macy's. I got looks. I went "you know. Miracle on 34th Street? Macy's and Gimbels?"

My daughter looked at me and said "Gimbels was real?"

I knew then that I am truly an Old Fart. I didn't dare bring up E.J. Korvettes.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

ScoobyDoo said:
Yes. GE managed to pay zero percent in taxes. You know, the corporate tax rate that all the Republicans are hard over.
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And if it were a 35% cut of the current rate, what's 65% of nothing? Still nothing. It's called being competitive. Everything has value.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

ScoobyDoo said:
Yes. GE managed to pay zero percent in taxes. You know, the corporate tax rate that all the Republicans are hard over.
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Looking at the typical Republican Member, pundit, and voter, it's doubtful he's able to get hard over anything.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

GOP scrambling on The Heist.

The Comments are good, but I agree with this one in particular:

I hope the "moderate" dems string them along. Encourage them to pull some provisions, add others that will be poison pills for some republicans. Then vote against this garbage anyway.
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