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Started By
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mike wallace had on a biden economic advisor touting the global tax, anew....
Posted on 5/2/21 at 10:42 am
Posted on 5/2/21 at 10:42 am
The idea is to pass local corporate tax and then have a global tax so they cant move business offshore and avoid the tax. Apparently g20 is on board.
Uh since all manufacturing is/or is moving to the 3rd world, shouldnt you make certain chini,vietnam, bangladesh, mexico, etc are on board? Or is that the plan, move all US business to china and then say oops?
Can they do anymore to harm America and ensure china dominates us as a country?
Uh since all manufacturing is/or is moving to the 3rd world, shouldnt you make certain chini,vietnam, bangladesh, mexico, etc are on board? Or is that the plan, move all US business to china and then say oops?
Can they do anymore to harm America and ensure china dominates us as a country?
Posted on 5/2/21 at 10:44 am to trinidadtiger
The demprogs don't solve problems, they create them.
Posted on 5/2/21 at 10:44 am to trinidadtiger
You probably mean Chris Wallace.
Two peas in a pod.
Two peas in a pod.
Posted on 5/2/21 at 10:45 am to trinidadtiger
Imagine being so stupid as to believe foreign countries will willingly raise their corporate tax rates to keep American companies from leaving America to relocate there and bring in billions of dollars and thousands of jobs with them.
Posted on 5/2/21 at 10:46 am to trinidadtiger
Wealthy people are not going to like this one bit. They'll have to hide out in non-G20 countries. The knock on effects that go downstream could get ugly.
Posted on 5/2/21 at 10:48 am to ItzMe1972
quote:
You probably mean Chris Wallace.
Two peas in a pod.
apple falls further left from the tree
Posted on 5/2/21 at 10:48 am to trinidadtiger
quote:
Apparently g20 is on board.
I don’t believe it.
Posted on 5/2/21 at 10:51 am to Lima Whiskey
China is running the Executive Branch of the US government.
Posted on 5/2/21 at 10:56 am to trinidadtiger
quote:
since all manufacturing is/or is moving to the 3rd world
Because of free trade.
Posted on 5/2/21 at 11:01 am to JCdawg
That was always a cruel misnomer. Those were not free market deals.
Posted on 5/2/21 at 11:03 am to trinidadtiger
This is exactly why marxism must be a global movement. Exactly. There can be no havens, or everybody will flee to the havens. That’s not because marxism is attractive. Marxism is something to be escaped.
In this case, as in all others, capitalism will eventually win out because capitalism depends on human nature instead of fighting it. When leaders in Mexico, or India, or China, or all of them realize they can become extravagantly wealthy at the expense of U.S. policy, they’ll do it.
In this case, as in all others, capitalism will eventually win out because capitalism depends on human nature instead of fighting it. When leaders in Mexico, or India, or China, or all of them realize they can become extravagantly wealthy at the expense of U.S. policy, they’ll do it.
This post was edited on 5/2/21 at 11:19 am
Posted on 5/2/21 at 11:09 am to ItzMe1972
quote:You probably mean Chris Wallick.
You probably mean Chris Wallace.
This post was edited on 5/2/21 at 11:13 am
Posted on 5/2/21 at 11:12 am to TheHarahanian
quote:
This is exactly why marxism must be a global movement. Exactly. There can be no havens, or everybody will flee to the havens. That’s not because marxism is attractive. Marxism is something to be escaped.
That's why Marxists have to build walls to keep people in while America builds walls to keep them out (or at least used to).
Posted on 5/2/21 at 11:48 am to trinidadtiger
Tax Tax Tax...every democrats dream
Posted on 5/2/21 at 12:19 pm to trinidadtiger
Raising corporate and capital gains taxes will not attract capital and will probably drive capital away
It tends to find it’s path of least resistance
Investors get pissed when their invested money is not treated like it matters
It tends to find it’s path of least resistance
Investors get pissed when their invested money is not treated like it matters
Posted on 5/2/21 at 12:21 pm to trinidadtiger
They know if they tax as they wish, we'll need walls to keep people IN instead of walls to keep people OUT.
Posted on 5/2/21 at 3:54 pm to trinidadtiger
quote:
Uh since all manufacturing is/or is moving to the 3rd world, shouldnt you make certain chini,vietnam, bangladesh, mexico, etc are on board? Or is that the plan, move all US business to china and then say oops?
A global minimum tax isn't going to curb an abundance of cheap labor. It will be more disruptive to tax haven Hong Kong than China.
This post was edited on 5/2/21 at 3:55 pm
Posted on 5/2/21 at 3:55 pm to ItzMe1972
quote:
You probably mean Chris Wallace.
Since Mike's been dead over 9 years ...
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