On Nov 22, 12:40*am, Hawke wrote:

You are a true believer. No matter what evidence is presented to
you , you do not change your opinions.

That's okay. Any company that isn't American can expect to have not so
good terms for doing business in this country. Our companies would find
it advantageous to remain American.


So much for equal under the law.



As I said in my last post I am using GE as a symbol for corporations
making lots of money and paying nothing in taxes while the little guy
pays a third of his income in taxes. My point is that unfairness of that
situation. GE is getting specific tax credits and breaks for things the
government is encouraging it to do. I'm all for that. But we have the
same thing to a certain extent going on with almost all companies. They
are all getting breaks so they can avoid paying taxes while the regular
guy gets none of that and pays a high percentage of what he makes.
That's not fair.

Congress created this. They think it is fair. The tax deductions
corporations use are all created because Congress thought they were
fair. And if you examine each one, you would probably agree. And
then bitch about the result.


Any way you slice it Nordstroms is a very good company and very
profitable. They sell to Americans so they have to pay most of their
taxes here. They may be one of the few companies that has a high tax
burden. But then so do the competitors in their industry. It's fair.
They make good profits. We don't know how much they make according to
what they are worth. Too bad we can't get all companies to pay this
much. If we could then we could think about lowering all their rates but
as we know most corporations are paying no income taxes.


But we know no such thing. You claim that most corporation are paying
almost no income tax. But the actual facts are different.


I'm not bothered by what seems contradictory. This is a unique case
where the country wants companies to take risks in the energy sector. We
need the energy and it's worth it to take some risk trying to get ahead
in this field. Most companies don't get this kind of favorable
treatment. Other larger factors are at play so it's fine what they are
doing.


No you are never bothered by facts.



So pick your pony. *Clean energy or companies paying more in income
taxes.

I pick both. I want clean energy and I want corporations to pay at least
25% of the country's tax revenues. They used to and we'd be fine if they
still did. More ordinary people would have more money to spend and the
economy would be more vibrant.

Ah, but you can not pick both. The each option excludes the other.


Of course you do realise that the average guy is going to come out
about the same. *They *can have more money after taxes but with GE
paying more income taxes, they will raise the price of electric
generators and the power companies will raise their rates. *The same
with groceries , autos, gasoline , medicine etc.

It won't be one of one. Some prices may go up but over all the amount of
extra money most people would have would make a big difference in
economic activity.


Right. High corporate taxes are a regressive form of tax. It all
gets passed on and the little guy pays a lot more of what he earns.


Be careful what you ask for. *You might get it.

All I can say is things would be a lot better for a lot more people if
we did what I recommend. We tried what the republicans recommended back
in the first seven years of this century. It didn't work. Now it's my
turn. I'm sure my ideas will produce better results than the ones those
people tried.

Of course you believe your ideas are great. However Congress has
considered them and thinks your ideas are not good.

Dan



Hawke