Thanks for bailing out the global banking industry by the way. The rest of us outside of America really appreciate your selfless offer to put up your own tax dollars to fix this mess.Lotta_Drool wrote:
The US should use the $700 billion to buy Ireland instead of bail out a bunch of rich fucking bankers.
I wonder if England would take less for Ireland, maybe $450 billion and they can keep the Gingers and sheep.
Wait a minute...aren't you and your brother two of the biggest complainers when it comes to "corporate welfare"?CameronPoe wrote:
You did indeed misread:FEOS wrote:
Interesting that last night in the debates, it was mentioned that Ireland's 11% business tax was what helped bring so much of the commercial sector to Ireland. As compared to the US's base 35% business tax.
And I thought my Irish friends here were telling me how evil it was to have lower taxes on business than on the citizenry. Must've misread or something..."This is pretty damn pathetic.....Wounded soldier refused a hotel room" thread.CameronPoe wrote:
No: corporations and rich individuals are separate issues. Corporate tax != Income tax.
I don't like it when that's actually what it is. But tax policies that encourage businesses to locate (along with their jobs and associated income) in your country/region/area make perfect sense.KEN-JENNINGS wrote:
I'm a big complainer about that (corporate welfare).
Of course, and a solid industry/government relationship is essential and beneficial for society as a whole.FEOS wrote:
I don't like it when that's actually what it is. But tax policies that encourage businesses to locate (along with their jobs and associated income) in your country/region/area make perfect sense.KEN-JENNINGS wrote:
I'm a big complainer about that (corporate welfare).
I don't know what my brother's specific views are on economics - I am a 'middle of the roader' (in European terms) when it comes to economic policy. I think our corporate tax rate has been of enormous benefit to our country.FEOS wrote:
Wait a minute...aren't you and your brother two of the biggest complainers when it comes to "corporate welfare"?
Last edited by CameronPoe (2008-09-27 15:53:31)
My bad. Probably thinking of my left-wing whacko countrymen.CameronPoe wrote:
I don't know what my brother's specific views are on economics - I am a 'middle of the roader' (in European terms) when it comes to economic policy. I think our corporate tax rate has been of enormous benefit to our country.FEOS wrote:
Wait a minute...aren't you and your brother two of the biggest complainers when it comes to "corporate welfare"?
I agree... we also have a film industry (that would not exist otherwise) thanks to tax breaks for anyone willing to invest in production.CameronPoe wrote:
I don't know what my brother's specific views are on economics - I am a 'middle of the roader' (in European terms) when it comes to economic policy. I think our corporate tax rate has been of enormous benefit to our country.FEOS wrote:
Wait a minute...aren't you and your brother two of the biggest complainers when it comes to "corporate welfare"?
I'm having a hard time reconciling that with your position on personal income taxes. Many of the small businesses are run by and invested in by those people in the higher income brackets. Or is it just the corporate giants that should be given the tax breaks?Braddock wrote:
I agree... we also have a film industry (that would not exist otherwise) thanks to tax breaks for anyone willing to invest in production.CameronPoe wrote:
I don't know what my brother's specific views are on economics - I am a 'middle of the roader' (in European terms) when it comes to economic policy. I think our corporate tax rate has been of enormous benefit to our country.FEOS wrote:
Wait a minute...aren't you and your brother two of the biggest complainers when it comes to "corporate welfare"?
You have to weigh the pros against the cons... sure, we're not getting as much money in tax from the movie producers but we're creating jobs for cameramen, sound engineers, technicians, electricians, caterers and actors and bringing in money from outside the country. It's the same with the corporate tax, which fits in well with our knowledge-driven economy.
My attitude on tax breaks is simply that it has to be two-way street. I don't see them as any kind of concession if there is a lot to be gained in return e.g. money and investment from outside, creation of jobs, community development programs etc.FEOS wrote:
I'm having a hard time reconciling that with your position on personal income taxes. Many of the small businesses are run by and invested in by those people in the higher income brackets. Or is it just the corporate giants that should be given the tax breaks?Braddock wrote:
I agree... we also have a film industry (that would not exist otherwise) thanks to tax breaks for anyone willing to invest in production.CameronPoe wrote:
I don't know what my brother's specific views are on economics - I am a 'middle of the roader' (in European terms) when it comes to economic policy. I think our corporate tax rate has been of enormous benefit to our country.
You have to weigh the pros against the cons... sure, we're not getting as much money in tax from the movie producers but we're creating jobs for cameramen, sound engineers, technicians, electricians, caterers and actors and bringing in money from outside the country. It's the same with the corporate tax, which fits in well with our knowledge-driven economy.