I think that with nearly a quarter of US households on some safety net program or another proves beyond a doubt that corporations and reduced taxation is doing nothing but drive us welfare roles and the national debt. Until such time as more than just Walmart, Costco, Amazon and a handful of other national companies offer a minimum wage, that corporations as a whole will have to bear the burden of 40 years of failed trickle down economic policy.Originally Posted by Tgo01
They SOMETIMES invest profits in new domestic infrastructure or increased domestic operations. I think you're overlooking the very real fact of manufacturing and call center jobs moving overseas and the massive layoffs in the US that results. This is the reason behind the push for minimum taxes on global profits. Wells Fargo doesn't deserve a lower tax rate in the US for sending all their call center jobs to India, despite what you may think.Even if we buy your argument that corporations don't pass on their profits to their employees...you do realize they do invest that money and that usually means they hire MORE people right?
Yes, I firmly believe that the money placed into the hands of Americans in the form of stimulus or aid payments have benefited corporate America immensely. Profits for Walmart, Amazon, etc., were massively higher as a result of Americans having disposable income. This is what trickle down economics could have been if corporations invested the majority of their profits in employees and domestic operations; more domestic spending.You think Walmart would have nearly 1.6 million US employees right now if the government taxed even more of their money? But the federal government is so careful with tax payer dollars!
Matter of fact, I think the reason why you and the Republicans are in such a panic is because the small portion of the covid-19 stimulus that went to Americans exposed the gross lies about trickle down economics. Americans who received $16 an hour in unemployment compensation have no interest in returning to Bobby Dean's diner making 8.75 an hour. Suddenly Americans understand they're not hostages to their dead end jobs and are promoting.
Hyperbole, your expertise. I think as always, you attack what you don't understand, don't support or are told the opposition of by Faux News. When someone surprising posts hard data that blows your hundred year old notions of capitalism out the window, your turtle up until you're told a new lie.Surely they wouldn't piss it all away on a park in San Fransisco from Nancy Pelosi's slush fund!
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