"Frank" "frank wrote in message
...
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

They have already done that.

and that includes off shore production and loss of US jobs.

They have already done that.

Like now, most GM cars are assembled outside the USA.

So Biden pulling the plug on Trump's tax cut for the wealthy
won't make any difference.

Someone said one had only 7% of its parts made in the USA.

Just because someone claims something...

Janet Yellen was sent around the world to try to tell governments they
should all tax corporations the same.

Bull****.

Fat chance.

True, but that is nothing new.

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.

Why would they sell without buying another ?