BoatBanter.com - View Single Post

iBoaterer[_2_]

In article ,
says...

In article ,
says...

On Thu, 08 Mar 2012 10:25:39 -0500, Wayne.B
wrote:

On Thu, 08 Mar 2012 07:49:56 -0500, X ` Man
wrote:

On 3/7/12 11:52 PM, Wayne.B wrote:
On Wed, 07 Mar 2012 12:39:04 -0500, X `
wrote:

I see no reason to help corporations achieve their goal of bleeding this
country dry.

===

You should buy stock in some of these evil corporations. It would
give you a voice at the annual meeting, the election of directors, and
a piece of the dividend pie.

And just how is my participation or presence going to stop corporations
from bleeding this country dry and shipping cash and jobs overseas? It
isn't.

===

Well for one thing it might help teach you something about how the
world of economics and taxation *really* work.

The propaganda that you ingest and regurgitate is just as one sided as
the Rush Limbaugh garbage on the other side of the political fence.

Corporations have no interest in "bleeding the country dry". That's
ridiculous. Who would buy their products?

Likewise corporations have no interest in moving huge amounts of cash
offshore. They'd rather have it here. The problem is that when
corporations earn money offshore they can't bring it back without
being taxed a second time (first in the country where earned).

On the second count. As you have phrased the situation, you are
correct, but that isn't what corporations actually do.

They essentially "launder" the money and then elect to bring it back
to the US, or not.

This bit of corporate welfare is costing the US taxpayer over $40B per
year. I suspect this it is also costing a LOT of jobs, but I don't
have a figure.

http://www.americanprogress.org/issu...te_031611.html

You are whining about $40B a year? The federal budget is $3.5T a year.
$40B falls out of the Congress' pockets on their way in and out of their
chambers each year.

Apples and oranges.