19 total posts
While I can't say I'm in favor of such laws
I don't think it's particularly fair for someone to make a fortune in the US and leave and exect to pay nothing.
Do advocate everyone that makes a windfall move out?
I guess it depends on
what one considers freedom, and also most wealth had tax paid on it already. This is more like a VAT (value added tax) as I see it. I do believe if a citizen is living and working in another country, if he's willing to pay taxes there instead, he shouldn't be held responsible for taxes here, even if the tax rate is less in the other country.
The main problem seems to be the effect this will have on Americans wanting to invest or partner with foreign firms. Foreign companies will not be willing to jump to American laws just because one owner who is American holds 10% or more. That means they just won't allow American involvement, or if they don't have a market in America, they will properly thumb their nose at the demands of our govt.
RE:a step back in time.
If you've earned that money
by working or investing, why SHOULDN'T you be allowed to keep it?
How about that you got it by
working your workers to death for low wages and undercutting the competition by doing shoddy work to make your money? How about making your money by lying to your investors and recommending stocks because you are getting a kickback? How about making home loans to people that can't afford it at a high interest rate and selling the mortgages before they go bad? How about people that donate to politicians that will give them tax breaks as attachments to other bills?
Did you know that there were so much pork in the cliff bill that it negates the increase in taxes?
wouldn't that be good riddance then?
And if it was a crime, why wasn't something done BEFORE then? I see the means of acquiring the wealth as a separate matter.
You seem to forget
1. Nobody forced those workers to take the jobs in the first place
2. Nobody forced anyone to buy shoddy-made products
3. People have gone to jail for investment fraud
4. The Federal Government actually forced banks to make those home mortgage loans
5. Donating to politicians for favors has been done on both sides
None of which has anything to do with earned money being owed to the government to do with as they wish.
As for the pork in the fiscal cliff. According to one Senator (where the bill originated), they were given three minutes to read it before taking the vote (could YOU read a 56 page document in that amount of time?) and didn't know about the pork buried in it until after the House had already received it. Why do you think the House refused to vote on it immediately? Because THEY had the chance to see it and wanted to amend it......which would have pushed it even further into the 'over the cliff' area. Blame Biden......the whole time he was negotiating with McConnell, the staff was preparing the final bill and were given the word to include what they did. The only part that McConnell had a hand in was the actual negotiations regarding the tax rate hike and the supposedly $15B tax cuts with a promise to cut more right afterwards during the debt ceiling talks. Once the bill was okayed by the Senate, and the House passed it as is, BO immediately came out and laid down the gauntlet about the debt ceiling debate coming up.
Boehner caught all kinds of hell for passing the Senate bill and vowed to never negotiate one on one with BO again because BO lies every time he opens his mouth........and caught it a second time when he refused to pass the Sandy Hook bill for exactly the same reason........all the pork that the democrats threw into it.
It just recently came out that during the 'big deal' talks two years ago, when Boehner thought he had a deal worked out with BO, and then walked away because BO upped the ante by insisting more than $400B more in tax revenue at the last second, it turns out that the person who insisted on that extra tax revenue was actually Jack Lew.......our new Treasurer if BO has his way.
Now thats a link I find very informative and compelling. R
Another Hackler hysterical outburst. Hysterically funny.
1. Hunger, Living accomodation, Support for yourself and your kids, and the hope for improvement.
2. Not having the money to buy better goods.
3. So?? Is there a point to that point?
4. Hunh?? The Federal Government under the Glorious reign of George W. Bush forced the banks to loan money? Just think about that for a minute. Is it possible for the Federal Government to force banks to lend money on sub-prime mortgages? Is there a Federal Bureau of Forcible Banking with a legal staff which goes around auditing banks and then penalizing them for not lending? Would such legislation even be Constitutional. Are you nuts?
The Feds may have encouraged banks to lend, but forced? not a chance. And if it were so, wouldn't George W. Bush and his Secretary of the Treasury and the Chairman of the Federal Reserve and all his other appointees in the Banking system be responsible for that behaviour. (Because they were.) There wasn't a problem when Bill Clinton left office.
So much for your grasp of facts.
5. So what. If you can't distinguish the difference between the supporters of the Democratic Party whose contributions are generally much smaller than the Sheldon Adelsons of the world and his $100 Million to the Republicans, or the Coke brothers, or all the other big business big spenders, then I'd suggest having your vision and your hearing checked, and perhaps a Cognitive evaluation done, to make sure your brain is working properly.
Oh, and before I forget. Evidence??????? I thought not. Rob
Then you have absolutely nothing bad to say about China
selling in America.
THEY worked, THEY invested, THEY are entitled to it.
When you have something
that makes sense to say, please feel free to do so.
His statements are at least backed with evidence. Yours??? R
Thanks, but it doesn't bother me in the least. Rob
Your grasp of German Weimar pre-Nazi economics surprises me.
But shouldn't the stuff that isn't your own work be in quotation marks, with a citation? I mean you wouldn't want anyone thinking you were plagiarizing Wikipedia, or the Tax code or someone's discussion of it, now, would you.
From what I can tell, your contribution to the above is "is same thing as...?" and "Every year now starts to feel more and more like a step back in time." Deep thinking, I'm impressed. :-^. That's a period, not a mole.
The links are there for anyone to read and realize it's from the links. Mine is separated by a line between them. I format what I post more than anyone else in these forums, so if I miss doing it once every great while, the real question is why you try to imply something that is obviously and patently false?
As for your feelings in regard to the comparison, I'm not surprised. It's showing that America is following some of the same steps pre-war Germany did to stripping wealth off emigrating Jews. America is wanting to target the same to it's departing citizens now too.
Freedom. A word that increasingly changes it's meaning to something less in today's America.