On 5/1/2021 7:02 AM, Larry wrote:
On 5/1/21 12:11 AM, %% wrote:


"rbowman" wrote in message
...
On 04/30/2021 04:33 PM, Frank wrote:
On 4/30/2021 4:49 PM, Dean Hoffman wrote:
https://www.zerohedge.com/economics/record-34-all-household-income-us-now-comes-government




I note that big business tends to favor big government as that is where
the money is.

Government has always served to protect the interests of the wealthy.

Biden's clearly isnt doing that with his higher tax rates on the wealthy.


If you raise taxes on Walmart and Amazon, they'll both increase
merchandise prices to compensate.
So who do you think is the real payer of corporate taxes?

Plus international corporations will structure business so they pay less
tax in US and that includes off shore production and loss of US jobs.
Like now, most GM cars are assembled outside the USA. Someone said one
had only 7% of its parts made in the USA. Janet Yellen was sent around
the world to try to tell governments they should all tax corporations
the same. Fat chance.

A big or graduated capital gains tax may come as a big surprise to
homeowners that sell their home without buying another as they end up
paying half the capital gain to the government.