Tax Policy and Reality

Ok this needs to be said. 

Corporate tax cuts, as a rule, don’t create jobs, in fact, they actually reduce the incentives for companies to spend money.

The only thing that increases corporate spending is demand, and the only thing that increases demand is consumers with more money in their pockets. 

You want a tax cut that helps? 

Give it to the people who are going to take it straight to Walmart or Target and spend it.

When my dad ran his business back in the 80’s and 90’s, I remember the mad dash to buy upgrades, hire people, and spend money as the year came to a close to ensure that he didn’t pay the high taxes on the profits he made.  For example, Christmas bonuses are a great tool for both increasing loyalty and moving money out of the “profit” column when it comes to tax time.

If you’re a business, do you want to pay 35% in income taxes on your profits?  Or do you want to spend 100% of the money and get something you’re actually going to use and need?

Our economy only works when the money is changing hands. When people start spending…well that’s what happened in 2000 and again in 2008 and we all see how that ended…

https://www.theguardian.com/business/2019/jun/15/job-losses-trump-tax-cut-at-t-general-motors-wells-fargo?fbclid=IwAR3LehBeaZRDUCRd6nF2S4nLPe_egzdnd8OhiR4aZWGVlSRJ7Q6V8RMGZQY

Everyone needs a place to dump…

Not everything I want to say can be said in 140 Characters, or even 280 characters now, though since before the election, I’ve been doing my damnedest to make it happen.

I’ve had this domain for ages.  Given the political climate here, I Figured it was time to put it to some good use.  As the name suggests, this is a place for stuff that probably SHOULD have gone into the shredder… if my anger  didn’t outweigh my good sense.

A few things about me.  I’m closer to 50 than I am to 40, I live in Virginia with my wife, 3 kids, 2 cats and for some reason two new puppies.  I work in IT, and I have a bottle of champagne chilling for the day when Donald Trump no longer walks this earth.  (Before someone gets their panties tied in a knot, I’m not planning anything or even rooting for the bad-guys, just enjoying the inevitability that comes with him being 25-ish years older than I am.)

Politically I’ve always been, and still consider myself and independent/moderate.  I’ve voted for presidents from both parties, and will always evaluate the person before deciding.  For the record, I voted for Bush Sr (41) twice, Bill Clinton Once, Al Gore, John Kerry, and was poised to vote for John McCain in 2008 until he picked Cairbou Barbie as his VP…  All thoughts of maturity and good judgement went out the window then..  Ended up liking Obama, voted for him in 2012 (Because Romney/Ryan?  Really?) and then Clinton in 2016 because Trump is a fucking lunatic.

(There, you now have my entire voting history. )

All comments are moderated, because fuck trolls.  I’ll allow respectful dissent, but reserve the write to mark-up your response if it contains numerous spelling/grammatical/factual errors.  And if I post something factually incorrect, it’s because I was in a hurry, and will fix it promptly provided you send me something OTHER than some idiot ranting in a youtube video (or infowars, etc) as proof that I missed.

I will sometimes post news articles, not-so-news-articles, where I’ll pick them apart or agree whole-heartedly.  If I step on a copyright, let me know and I’ll address it as soon as I can.