Nothing like a tax cut to spur investment

[noonereal]

https://www.washingtonpost.com/news/wonk/wp/2017/11/14/why-arent-the-other-hands-up-a-top-trump-advisers-startling-response-to-ceos-not-doing-what-hed-expect/?hpid=hp_hp-top-table-main_goptax-1230p%3Ahomepage%2Fstory&utm_term=.582924c2a0b0

 

Cohn asked a bunch of CEOs to raise their hands if they would invest more if they got their tax cut. In a staggering burst of honesty and realism few did.

     What is wrong with this guy? Is he smoking his own product? Why would anyone think a company would invest money when demand didn't justify it because the government gives them more to play with? You invest because you have customers, not because you have tax breaks! When customers come in the door with cash to spend, that's when you invest, whatever the tax rate is. You are paying the CEOs not to invest, using the tax break you didn't give the customers that are not showing up. Does Cohn not know this?

[DarterBlue]

38 minutes ago, noonereal said:

https://www.washingtonpost.com/news/wonk/wp/2017/11/14/why-arent-the-other-hands-up-a-top-trump-advisers-startling-response-to-ceos-not-doing-what-hed-expect/?hpid=hp_hp-top-table-main_goptax-1230p%3Ahomepage%2Fstory&utm_term=.582924c2a0b0

 

Cohn asked a bunch of CEOs to raise their hands if they would invest more if they got their tax cut. In a staggering burst of honesty and realism few did.

     What is wrong with this guy? Is he smoking his own product? Why would anyone think a company would invest money when demand didn't justify it because the government gives them more to play with? You invest because you have customers, not because you have tax breaks! When customers come in the door with cash to spend, that's when you invest, whatever the tax rate is. You are paying the CEOs not to invest, using the tax break you didn't give the customers that are not showing up. Does Cohn not know this?

Of course he knows this. They all do. The whole idea is to put the USA on a path to bankruptcy by piling up larger and larger mountains of debt. By doing this, there will be a ready made excuse to further dismantle all government programs (including reneging on Social Security obligations funded by workers and their employers' contributions) that are not related to defense since there will be no money to pay for them.

Further, the rich, instead of paying taxes, can lend their surplus to the government and earn interest for doing so. Of course, it may not have occurred to them that the government will not be in a position to repay this debt. What we are seeing before our eyes, is the gutting of the USA as anyone born within the last 100 years knows it. Large corporations, though domiciled here, have no sense of loyalty or patriotism to this country. Neither do most of the rich, many of whom now live elsewhere (Jimmy Rodgers famed investor being one), and who have ceased to serve in the armed forces since Korea. 

At some stage, probably when it is too late, you will all realize that we have been had!

[aZjimbo]

4 minutes ago, DarterBlue said:

Of course he knows this. They all do. The whole idea is to put the USA on a path to bankruptcy by piling up larger and larger mountains of debt. By doing this, there will be a ready made excuse to further dismantle all government programs (including reneging on Social Security obligations funded by workers and their employers' contributions) that are not related to defense since there will be no money to pay for them.

Further, the rich, instead of paying taxes, can lend their surplus to the government and earn interest for doing so. Of course, it may not have occurred to them that the government will not be in a position to repay this debt. What we are seeing before our eyes, is the gutting of the USA as anyone born within the last 100 years knows it. Large corporations, though domiciled here, have no sense of loyalty or patriotism to this country. Neither do most of the rich, many of whom now live elsewhere (Jimmy Rodgers famed investor being one), and who have ceased to serve in the armed forces since Korea. 

At some stage, probably when it is too late, you will all realize that we have been had!

And tell me what president accumulated the most debt of any president in the history of this country?

[DarterBlue]

5 minutes ago, aZjimbo said:

And tell me what president accumulated the most debt of any president in the history of this country?

The debt doubled under GWB and doubled again under BHO. BHO does have an excuse. The USA's economy was melting down when he took office. GWB, not so much.

But the deficit and debt, to be real, has been a problem under both Republican and Democrat administrations. No doubt about that. But to the current point, to cut taxes in the current situation makes absolutely no sense whatsoever from a Macroeconomic perspective. 

It does make sense as a reward to the donor class, though. And that is what you are missing being caught up as you are in your own political bubble!

[aZjimbo]

1 minute ago, DarterBlue said:

The debt doubled under GWB and doubled again under BHO. BHO does have an excuse. The USA's economy was melting down when he took office. GWB, not so much.

But the deficit and debt, to be real, has been a problem under both Republican and Democrat administrations. No doubt about that. But to the current point, to cut taxes in the current situation makes absolutely no sense whatsoever from a Macroeconomic perspective. 

It does make sense as a reward to the donor class, though. And that is what you are missing being caught up as you are in your own political bubble!

Sorry but the fact remain barry hussein accumulated more debt than all the presidents before him combined. Has nothing to do with any political bubble but facts. Bush spent like drunken sailor also.

[DarterBlue]

1 minute ago, aZjimbo said:

Sorry but the fact remain barry hussein accumulated more debt than all the presidents before him combined. Has nothing to do with any political bubble but facts. Bush spent like drunken sailor also.

There is no sense arguing with you because you see the world as you wish and not as it is. In that sense, any further attempt to debate you would be a total waste of precious time. Have a wonderful day. 

[ResidentTroll]

1 hour ago, noonereal said:

     What is wrong with this guy? Is he smoking his own product? Why would anyone think a company would invest money when demand didn't justify it because the government gives them more to play with? 

Valid point...market determines investment as a whole, but 'cash on hand' DOES have a small fraction to do with it as well....you sound in denial of this.

Question: do you consider the 'chubby checker' TWIST as a better pathway? 3-4 billion a day printed from thin air? how much went to the 'little guy? Which hits the 'deficit' bottom line more?

It IS an unfortunate predicament tho.......

when those that don't pay any taxes...are not getting any more 'relief' as well.

Really the BEST time for everyone to 'champion' for that 'little guy'.....don't the non-taxed need to get 'something' out of this as well?

[noonereal]

20 minutes ago, ResidentTroll said:

Valid point...market determines investment as a whole, but 'cash on hand' DOES have a small fraction to do with it as well....you sound in denial of this.

 

not in the Nile, i agree with you, you are right

[TheRealCAJ]

1 hour ago, DarterBlue said:

There is no sense arguing with you because you see the world as you wish and not as it is. In that sense, any further attempt to debate you would be a total waste of precious time. Have a wonderful day. 

Just call him a dumbass. Works for me!

[DBP66]

1 hour ago, aZjimbo said:

Sorry but the fact remain barry hussein accumulated more debt than all the presidents before him combined. Has nothing to do with any political bubble but facts. Bush spent like drunken sailor also.

LOL..Blue tells you WHY it happened and you go back to the old company line?.."he accumulated more debt".??.....and Trump said he inherited a bad economy?...what a clown...

[aZjimbo]

2 hours ago, DBP66 said:

LOL..Blue tells you WHY it happened and you go back to the old company line?.."he accumulated more debt".??.....and Trump said he inherited a bad economy?...what a clown...

liberals hate the facts. 

[aZjimbo]

3 hours ago, DarterBlue said:

There is no sense arguing with you because you see the world as you wish and not as it is. In that sense, any further attempt to debate you would be a total waste of precious time. Have a wonderful day. 

You to. Enjoy your liberal fantasy land.