Bernie Sanders: Congress is dominated by a handful of billionaires, the NRA, and other rightwing organizations. That’s enormously unfair to the kids of this country and the American people in general… Trump and the GOP don’t have the guts to stand up to these people and that’s pretty pathetic.

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Bernie Sanders: Congress is dominated by a handful of billionaires, the NRA, and other rightwing organizations. That's enormously unfair to the kids of this country and the American people in general... Trump and the GOP don't have the guts to stand up to these people and that's pretty pathetic. submitted by /u/Chartis
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SandersForPresident: search results – bernie

When people talk about how well we did with young people, clearly one of the reasons for that was our success with social media… If corporate media won’t change, and they won’t, start new media. The Internet offers revolutionary prospects. The future is in your hands. Let’s get to work. -Bernie

Donate and support us on Patreon! https://www.patreon.com/bePatron?c=1785147

When people talk about how well we did with young people, clearly one of the reasons for that was our success with social media... If corporate media won’t change, and they won’t, start new media. The Internet offers revolutionary prospects. The future is in your hands. Let’s get to work. -Bernie submitted by /u/Chartis
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SandersForPresident: search results – bernie

Why cutting taxes for corporations is bad economics.

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Cutting taxes for corporations is bad economics.

Corporations benefits immensly from many government services, they should help pay for them. From a moral perspective, cutting corporate taxes is moral indefensible. Cutting Corporate taxes means dramatically lower taxes for rich people since their income often comes from corporate stocks and dividends. Further the redistributive effects are huge, lower corporate taxes means cuts to the safety net and tax increases on the middle class. Thus lower corporate taxes even if one takes into account higher job creation (which is untrue) overall is a net negative to the middle class and working class and funnels money to the rich.

Corporations often use their income for stock buybacks, and mergers and aquistions. Also we want to make sure corproations make their money from productivity not rents, that is why we should tax the rents. Finnally when we had higher taxes, corporations used invest more, not less since we put incentives through deductions to invest.

Land should be taxed at 100% of its value, since it is unearned income and taxing it causes no distortions to the economy. So can other rents like monopoly, natural resources and excessive ip laws. Thus the optimal tax theory of 0% tax on corporations is false because it treats all capital as derived from productivity enhancing capital investment since the neoclassical fails to account for income generated from rents. Essentially pro corporate nonsense.

quote from Mason Gaffney: Corporations are major landowners. Retail chains, forest holders, mineral firms, office owners, mall owners, hotel chains, land developers, fast-food chains and gasoline chains with parking aprons on prime corners, spectrum licensees, and agribusiness giants are a few among many one might list. When the land values rise, the shares rise.

Quote from Mason Gaffney: Probably the largest source of stock gains is corporate saving. Corporations routinely squirrel away or“plow back” half or more of their profits to increase their assets. They may acquire new assets; or simply buy back some of their own stock. Either way, it is to convert their shareholders’ ordinary income (dividends) into capital gains, to lower the shareholders’ taxable personal income. Capital gains are taxed, if taxed at all, at a lower rate; not taxed until sale; and forgiven forever on the death of the personal owner.NIPA reports two savings rates: “personal” and “national.” The “personal” rate is the one near zero, cited in the opening paragraph above. The “national” rate includes corporate saving and government saving. This “national” rate is much higher: corporations do most of our saving.

Finnally this quote from Mason Gaffney about corporate savings: . Does saving alone create capital? We know we must save the seed corn, that is basic and proverbial. However, capital formation depends on investing as much as, maybe more than, on saving. Corporations that sock away profits, or spend them to acquire and retire competitors and downsize their workers are not adding to national income, production, or wealth. Foreigners who buy U.S. mortgages, real estate, bonds, and extant securities are not, either. What we need is a high rate of return (ROR) on real net investing. That means productive, active, income-creating investing, actually paying workers to produce new capital (or other goods and services), as opposed to just buying land, or swallowing competitors.

Source: http://www.masongaffney.org/essays/Americas_Low_Savings_Rate_8-9_2005.pdf.

Overall cutting taxes for corporations is bad economics. Taxes should be increased back to 40%.

submitted by /u/goodlad36
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SandersForPresident: search results – self:yes