There should be no corporate tax.

damngrumpy

Executive Branch Member
Mar 16, 2005
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kelowna bc
You are kidding right? Corporations keep saying there is no free lunch
while they continue to eat theirs I think everyone should pay something
Even someone on assistance should pay five or ten dollars to the tax
system to be part of the community at large in the form of contribution.
Corporations should have deductions for good things they do but they
should pay their share like everyone else.
Saying they provide jobs and so on is one thing but people investing in
their ability to do the jobs has value as well so a two way street is where
everyone contributes
 

AnnaG

Hall of Fame Member
Jul 5, 2009
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Example: Jimmy Pattison has a yacht and it is pretty posh. Someone had to build it. Someone has to insure it. Someone has to cook the meals for the people on it. etc
 

Corduroy

Senate Member
Feb 9, 2011
6,670
2
36
Vancouver, BC
Is it the same in Canada? Down here, the folks who bark about the rich providing jobs are the same ones who proudly declare that 2/3 of all Murkan jobs are in small business.

Funny part is they don't even see the contradiction.

Yeah but the small business thing is just something people say. Like how every politician is fighting for "the middle class". People actually believe in trickle down economics.
 

Corduroy

Senate Member
Feb 9, 2011
6,670
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Vancouver, BC
Example: Jimmy Pattison has a yacht and it is pretty posh. Someone had to build it. Someone has to insure it. Someone has to cook the meals for the people on it. etc

Jimmy Pattison probably has an accountant to help him pay his taxes. Taxes create jobs.


It's really easy to make any strenuous connection to "job creation". Instead we should look at how wealth is created.
 

Tecumsehsbones

Hall of Fame Member
Mar 18, 2013
60,315
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Example: Jimmy Pattison has a yacht and it is pretty posh. Someone had to build it. Someone has to insure it. Someone has to cook the meals for the people on it. etc
Yeah, and the millions of non-Jimmy Pattisons buying food, housing, clothing, cars, computers, furniture are just drags on the system.
 

AnnaG

Hall of Fame Member
Jul 5, 2009
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Jimmy Pattison probably has an accountant to help him pay his taxes. Taxes create jobs.


It's really easy to make any strenuous connection to "job creation". Instead we should look at how wealth is created.
That is a different picture for sure. Most of Warren Buffett's billions came from his investments and it started as a kid when he worked for what he later invested.

Yeah, and the millions of non-Jimmy Pattisons buying food, housing, clothing, cars, computers, furniture are just drags on the system.
nahh They contribute to jobs the same way, but some of them whine about the Jimmy Pattisons, as well.
 

captain morgan

Hall of Fame Member
Mar 28, 2009
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A Mouse Once Bit My Sister
You can't explain it can you? You just accept it without thinking. You think it's so obvious. "The rich provide jobs"

How?

By creating demand and having the capital to drive that demand

Yeah but the small business thing is just something people say. Like how every politician is fighting for "the middle class". People actually believe in trickle down economics.

Without trickle down econ, exactly how do you explain the intense interest that gubmints have in keeping their wealthy demographic as happy as possible?

Hint: Look at France and the marginal tax rate of 75% on income over 1 MM Euros... Look where that demographic is moving themselves and/or their cash to... How many 'new' millionaires (annual income) are relocating to France
 

Ludlow

Hall of Fame Member
Jun 7, 2014
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Yeah, and the millions of non-Jimmy Pattisons buying food, housing, clothing, cars, computers, furniture are just drags on the system.
I agree but would they be able to buy all these things without jobs? I do agree with you in the sense that we are all inter connected. Without the corporate world and the wealthy things would go downhill fast just as without the middle class of which you speak things would do the same.
 

Tecumsehsbones

Hall of Fame Member
Mar 18, 2013
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I agree but would they be able to buy all these things without jobs? I do agree with you in the sense that we are all inter connected. Without the corporate world and the wealthy things would go downhill fast just as without the middle class of which you speak things would do the same.
Lud, they have the jobs creating things other people buy. The economists have been over and over this a thousand times. Middle-class money circulating in the economy has a far higher multiplier value than rich money invested.
 

Ludlow

Hall of Fame Member
Jun 7, 2014
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I'm sure you're right. I was a high end furniture maker most of my life. the only people who could afford what we built were wealthy people. I guess that's how I perceive things in my small corner of the economy.
 

AnnaG

Hall of Fame Member
Jul 5, 2009
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Well, somebody needs to counteract the Pattison worshippers who pretend that they're the whole economy and the sole source of jobs.
I suppose. Normally, the ones I usually whine about are the inheritors. The wealthy ones that worked for it are not so bad.