w4rma
member
Also known as Reaganomics, trickle-down theory, voodoo economics and supply-side economics.Enronomics? You make that one up? I'm a Laissez-faire…
If I am incorrect about my termonology, please correct me, CaesarI.
The economic theory that these terms refer to consists of more and higher taxes that are paid by lower and middle class folks.
For example: folks making $350K/year only have the first 85K of their income taxed by the payroll tax. And that's assuming that they have a salary and aren't just making their money through investing in stocks.
Combine the payroll tax rate and the income tax rate and then try to tell me how wealthy folks need an income tax cut while the middle class don't.
I'm not talking about Africa or Liberia or Iraq. I'm talking about America. I'm talking about Americans. I'm talking about our nation. I'm talking about right on our door steps.There are people who are suffering and dieing in Africa…
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9 And the LORD said unto Cain, Where is Abel thy brother? And he said, I know not: Am I my brother's keeper?
10 And he said, What hast thou done? the voice of thy brother's blood crieth unto me from the ground.
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While I think it's commendable to help folks in other countries, we have serious problems here in the United States that need to be taken care of. Our senior citizens have social security because they have already worked throughout their lives. They have *already* spent their lives paying into the social security system and most of them are no longer wanted for serious work and the ones still able to do serious work should have the option to retire, anyway.
Some folks might think that working as a greeter at Wal-Mart would be fun. My bet is that most of these folks would rather not be working at Wal-Mart as a greeter, being told what to do from perhaps a punk 16 year old or have to ask permission to go to the bathroom from perhaps a brown-nosing, irritable manager.
The folks who think that is fun are most likely out of touch with reality. That's work, and while it can be fun, it's not usually fun. And even the fun jobs get tedious over time…particularly for a 65 year old who deserves to retire.
Work is work. It needs to be done or our society will fall apart.
The class warfare has already been declared, but not by me. The middle class and the lower class are on defense now. In the 1950s a middle class man could buy a house and support his wife and children. Today, a middle class working husband and working wife with children rent an apartment and struggle. It's not because there aren't enough resources. It's because there is a major problem with resources getting rediverted upwards while the middle class is trickled on.You preach class warfare…
The revolution was about power. All wars are about power. If you allow royalists to temporarily bribe you off with promises of lower taxes while giving aristocrats more and more of your democratic power, then don't be surprised when they raise your taxes and price gouge you with monopolies once they decide they have enough power to do what they want despite what regular Americans think.The revolution was against England and more specifically, the English crown.
because regular Americans (as opposed to wealthy international Americans) have resources we are willing to trade if you give us a good deal.Europeans invest in the United States
Now, what happens when the American government allows American buisnesses to be permanently destroyed and replaced by foreign buisnesses? What happens when the American government pays more attention to foreign lobbyists than American lobbyists? I promise you that what happens is not good for America (It might be good for China, though).The Jones Act is protectionism
Do you really think we shouldn't try to close tax loopholes?Do you really think that you can close all of the tax loopholes?
…Nabors sounds like a smart bunch, lookin' after their shareholders. Their stock symbol is (NBR)
Minor Cheramie Jr. of Golden Meadow, La., whose family operates 18 Jones Act ships, called it "grossly unfair that we pay taxes for certain services and this big corporation goes foreign and they get the benefit of the same services without paying for them."
He said that because Nabors pays little in taxes it can underbid competitors, growing until it dominates the industry.
If Congress lets Nabors keep its ships and operate more, Mr. Cheramie said, "I won't have a choice but to become a Bermuda company."
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Representative Gene Taylor, Democrat of Mississippi, said he was "angry that a company that became foreign so it would not have to pay taxes still gets all the benefits the taxpayers provide, with the Coast Guard to rescue their ships if they get in trouble and the Navy Seals if they are attacked by terrorists.
"They have an advantage against companies that pay taxes."
Last year Nabors paid 7 cents in taxes out of each dollar of profit.
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http://www.nytimes.com/2003/10/18/business/18SHIP.html
No you're not. If you were a strict constitutionalist, you'd have much different views on corporate law, for example, than you do:I'm a strict constructionist
Multinational Monitor: What is corporate personhood?
Jan Edwards: It is corporations having rights in the constitution that are normally meant for human beings. Those rights include rights in the Bill of Rights, the Fourteenth Amendment, and civil rights laws.
MM: How did corporations gain these rights?
Edwards: The founding fathers of the United States were not interested in giving constitutional rights to corporations. In fact, they wanted to regulate corporations very tightly because they had had bad experiences with corporations during colonial times. The crown charter corporations like the East India Company and the Hudson Bay Company had been the rulers of America. So when the constitution was written, corporations were left out of the Constitution. Responsibility for corporate chartering was given to the states. State governance was closer to the people and would enable them to keep an eye on corporations.
In the eighteenth century, corporations had very few of the powers that we now associate with them. They did not have limited liability. They did not have an unlimited life span. They were chartered for a limited period of time, say 10 or 20 years, and for a specific public purpose, such as building a bridge. Often a charter would require that, after a certain amount of time, the bridge or road be turned over to the state or the town in which it was built. Corporations were viewed differently in early America. They were required to serve the public good.
But over time people forgot that corporations had been so powerful and that they needed to be strongly controlled. Also, corporations began to gain more power as the wealthy elite.
After the Civil War, Congress passed several constitutional amendments relating to slavery. The Thirteenth Amendment freed the slaves, the Fourteenth Amendment gave the newly freed male slaves equal protection and due process under law, and the Fifteenth Amendment gave voting rights to these same former black male slaves.
The Fourteenth Amendment used the word "person" in the body of the amendment. This caused some confusion about who "persons" were. Did women qualify? Or corporations? The Supreme Court responded by saying that the word "person" in the Fourteenth Amendment meant just black males.
That, however, wasn't the end of it. Corporations had a lot of money and a lot at stake, and they took case after case to court. In 1886, corporations gained a victory. Before the Supreme Court session to announce the decision in the case Santa Clara v. Southern Pacific Railroad, Chief Justice Waite said that the court wouldn't hear arguments on whether the Fourteenth Amendment clause on equal protection applied to corporations; they all believed that it did.
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http://multinationalmonitor.org/mm2002/02oct-nov/oct-nov02interviewedwards.html
A "social programs mandated by federal law are unconstitutional" argument is just plain ridiculous.You haven't addressed the constitutionality…
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