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CollegeFBRules 
LSU Fan
Member since Oct 2008
18283 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 12:40 am to Decatur)
Can you please explain to me how weak demand and people not spending money benefits business? That was the premise of his argument, which you duly destroyed with your quoted article.
Weak demand can be caused by many factors, but at no point does people hoarding their cash help business prosper.
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darkhorse
Member since Aug 2012
2513 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 12:41 am to tdt)
The deficit for OCt (the first month of our fiscal year) was 120 billion.
The math truly sucks with that!
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JohnnyKilroy 
North Carolina Fan
Member since Oct 2012
5589 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 12:57 am to Decatur)
quote:
You know I see a lot of people here scoffing at your statement but I haven't seen a single one offer anything to rebut your statement.
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Wild Thang
LSU Fan
Dawgrant Hunger Games Champ!! 438
Member since Jun 2009
11221 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 1:07 am to Decatur)
quote:
I'm not saying anyone here can't support their arguments but it seems a little cheap of them not to provide sourcing for their complaints
Did you read what he posted? And how did he support his argument?
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tdt
Member since Nov 2012
477 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 1:09 am to CollegeFBRules)
quote:
Can you please explain to me how weak demand and people not spending money benefits business? That was the premise of his argument, which you duly destroyed with your quoted article.
Weak demand can be caused by many factors, but at no point does people hoarding their cash help business prosper.
Yea I didn't say weak demand benefits corps, my point was the opposite. While large companies have done relatively ok and many of them have recovered a lot of their stock, profits aren't being driven across the board by strong growth. They still might have cash on hand, they still might be operating in the black, but there are ways to do that without driving greater YtY revenue increases, namely laying off employees, or in the case of large corporations that tend to have more inefficiency and more spending, they just cut stuff and tighten everyone's budgets. They don't spend at the levels they had previously been spending and they won't until the demand and growth and revenue side of their equation recovers.
My musing was that if we are going to deal with the deficit, and new taxes are coming, is it so unthinkable to imagine that some corporations might find themselves worse off if they saw no tax increases, but their clients got hit with one and the demand for their products fell even further as a result? Might one of these companies see the benefit of some sort of corporate tax if their buyers were to escape a tax increase?
Do I think many companies would ultimately make the trade? Probably not. But I enjoyed the little temper tantrum it caused here.
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Wild Thang
LSU Fan
Dawgrant Hunger Games Champ!! 438
Member since Jun 2009
11221 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 1:15 am to tdt)
quote:
But I enjoyed the little temper tantrum it caused here.
Sure you did.
quote:
some corporations might find themselves worse off if they saw no tax increases
I don't know what to say.
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tdt
Member since Nov 2012
477 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 1:16 am to Wild Thang)
I don't doubt it.
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Wild Thang
LSU Fan
Dawgrant Hunger Games Champ!! 438
Member since Jun 2009
11221 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 1:21 am to tdt)
quote:
I don't doubt it.
It's an amazing thought process. That's all I got.
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junkfunky
LSU Fan
I can't find my village
Member since Jan 2011
10135 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 6:53 pm to Wild Thang)
quote:
It's an amazing thought process.
I'm almost envious.
Sorry for the bump, I wasn't paying attention.
This post was edited on 11/14 at 6:55 pm
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accnodefense
Kennesaw St. Fan
Member since Dec 2010
2104 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 6:57 pm to tdt)
And then next year he will say we need 2 trillion in revenue
Then the next year 2.4 trillion in revenue
It will never end, liberals will never be satisfied with the amount of money there is to spend.
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accnodefense
Kennesaw St. Fan
Member since Dec 2010
2104 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 6:59 pm to tdt)
quote:
some big corps are having demand problems right now, many of them might actually benefit from less cash on hand if their buyers had more
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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63840 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 7:14 pm to tdt)
How's your housemate doing these days?
quote:
some big corps are having demand problems right now, many of them might actually benefit from less cash on hand if their buyers had more
otto didn't capitalize the first letter in his sentences either and he wrote run on sentences.
Hmmmmmm......
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bamafan1001 
Alabama Fan
Member since Jun 2011
682 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 7:20 pm to tdt)
quote:
They still might have cash on hand, they still might be operating in the black, but there are ways to do that without driving greater YtY revenue increases, namely laying off employees
Is a company really growing when they are downsizing? Sure becoming more efficient can help a business but why would you assume businesses have to have less cash to initiate become more efficient? For your argument to work, we must assume corporations have lots of employees whose jobs really arent necessary.
quote:
is it so unthinkable to imagine that some corporations might find themselves worse off if they saw no tax increases, but their clients got hit with one and the demand for their products fell even further as a result?
Of course businesses would be worse off if their buyers got hit with taxes. You cant really say though that it is better for the corporation to get hit with the taxes. To regain the lost revenue they might have to raise prices, lower salaries, and layoff employees. Doesn't sound like a good business plan, does it?
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SmackoverHawg 
Arkansas Fan
Member since Oct 2011
6391 posts
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quote:
He definitely needs to accompany this with major entitlement reform and tax code reform. This should be about everybody doing their part, from top to bottom, to do something about the deficit.
I could live with this. I have no problem paying my "share". I do take issue with all those demanding I pay more while they pay nothing. We all live here. Everyone should take a hit. Isn't that the FAIR thing to do?
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Wild Thang
LSU Fan
Dawgrant Hunger Games Champ!! 438
Member since Jun 2009
11221 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 7:38 pm to junkfunky)
quote:
Sorry for the bump
I made it my sig last night when I read it. 
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La Place Mike
LSU Fan
West Florida Republic
Member since Jan 2004
12718 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 7:39 pm to tdt)
You say this like it will actually accomplish something.
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tdt
Member since Nov 2012
477 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 7:53 pm to La Place Mike)
quote:
Is a company really growing when they are downsizing? Sure becoming more efficient can help a business but why would you assume businesses have to have less cash to initiate become more efficient? For your argument to work, we must assume corporations have lots of employees whose jobs really arent necessary.
You aren't growing when downsizing, but that doesn't mean you can't also still turn profits. I also am pretty sure that when the recession hit lots of corporations did have and find many employees whose jobs they decided weren't really necessary. Lots of companies got too fat and after the recession got a lot more efficient in order to continue being competitive and profitable.
quote:
Of course businesses would be worse off if their buyers got hit with taxes. You cant really say though that it is better for the corporation to get hit with the taxes. To regain the lost revenue they might have to raise prices, lower salaries, and layoff employees. Doesn't sound like a good business plan, does it?
I never said it would be better for them to get hit with taxes as a stand alone issue. I basically just said, "if someone is going to pay the debt, i wonder if there are any corporations who would be better off with slightly higher taxes if it meant their customer base avoiding a tax hike that would potentially depress consumer demand even further, which would then continue the cycle of weak growth, more cost cutting and more lay-offs."
I feel like this is probably how the first person to ever propose a sale was treated.
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Duke 
New Orleans Saints Fan
Gonzales, La
Member since Jan 2008
13640 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 7:55 pm to tdt)
quote:
"if someone is going to pay the debt, i wonder if there are any corporations who would be better off with slightly higher taxes if it meant their customer base avoiding a tax hike that would potentially depress consumer demand even further, which would then continue the cycle of weak growth, more cost cutting and more lay-offs."
Who do you think ends up paying those corporate taxes? They generally get passed on to the consumer.
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constant cough
New Orleans Saints Fan
Lafayette
Member since Jun 2007
28765 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 7:56 pm to tdt)
quote:
obama proposing 1.6T in new revenue
Yeah because Washington doesn't have enough of our money all ready.
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Wild Thang
LSU Fan
Dawgrant Hunger Games Champ!! 438
Member since Jun 2009
11221 posts
| re: obama proposing 1.6T in new revenue (Posted on 11/14/12 at 7:56 pm to tdt)
quote:
Lots of companies got too fat and after the recession got a lot more efficient in order to continue being competitive and profitable.
As long as they are private I could care less. What you described is the fed govt, which we pay for.
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