politicians in Japan and in America are responsible. Neither want to take the hit. So they desperately find any stupid way out that they can, and call shite gold.
We need a cessation of corporate tax, death ta and capital gains, ,to ramp up the US economy.. Obama and his shite heads are going in a diametrically opposed directions, a bunch of whining shiteheads to their proverbial slaughter.
What a bunch of dumb a$$es.America knows now. The socialists are all in a rush to get their population control legislation through so they can soak us of all of our savings and retirement, when monetizing the national debt fails , as it will. That is their plan “B”.
I predict that these idiots will be turned out in the next election cycle, in both parties. We want Reaganomics back, and we want the greediest bunch of all gone , the politicians in Washinigton, those who do not want to reduce the size of government and cut our taxes completely.
I question an end to the corporate tax across the board. I would not want to provide additional incentives to the big Wall Street financiers who record profits through financial manipulation and not investment. I would also not want to encourage corporations to increase profits by outsourcing more jobs overseas.
Instead, I favor adjusting the corporate tax system to encourage investment in US manufacturing. A resurgence in US manufacturing will create the private sector jobs the country so desperately needs. This could be accomplished by cutting the federal tax rate to zero on profits generated from manufacturing in the United States. This action will immediately cause companies to reassess decisions in process to outsource more production overseas, while at the same time dramatically shift the economics of producing new products in the US instead of overseas. The new economics will encourage entrepreneurs to start up new manufacturing enterprises across the country.
A second change in the tax code will encourage investment in US companies. End double taxation of dividends paid by US companies to US citizens by changing the current 15% personal tax rate on dividends to zero. To encourage investment in US operations the zero tax rate on dividends would be allowed only on dividends paid by corporations deriving over 50% of profits within the United States. Over time, this shift would encourage companies to invest in expanding US operations and paying a percentage of profits to shareholders. Paying cash dividends to shareholders is a much more efficient way to return excess capital to shareholders than stock buybacks which are diluted due to high fees paid to investment bankers.
To end the slide to socialism we must encourage innovation, business creation, and job growth in the domestic economy. What better way to encourage the investment in job creating enterprises than to reward those who make the capital investments in job creating US manufacturing? Today’s tax and trade policies reward financial speculators and those who move investment out of the US to other countries.