Any thoughts on Bushes Economic Forum?

[mulethree]

So far they have been setting up :

Tort reform, especially class action suits. Our litigious culture scares businesses out of expanding, scare them out of the country and scares away foreign investment.

Over-regulation. The tax laws take up 2ft of bookshelf but the regulatory agency rules take up 20 ft. Employers spend $7,000 per employee keeping up with, and complying with regulations.

Over - taxation. The death tax is evil and will kill small business. Personal income taxes are unfair to small businessmen, they don't take into account the re-investment thats necessary. Income pass-thru's like S-Corps get screwed and double taxed.

Treasury secretary and commerce secretary leading discussions, Bush was in on one. They all know everyone by name and call each other good friend and such.

I'm sure its heavily scripted, just looking at the memes and thought frames they are setting up.

[Up2Late]

1. I'd laugh if I could stop crying

:freak:If we really flip the Ohio election, then I'd be laughing
I miss MY America :cry:

Check out my new favorite gear<http://bluestatesamerica.net/index.html>

[cornermouse]

2. Bush's Economic Forum

1. Its nothing but another echo chamber.

2. Its a total waste of money, but that really seems to be the only thing that Bush excels at.

3. The next round of PR and Rightwing Political Correctness has already begun.

4. When they get done, we're not going to have anything (rights, money, environment, jobs, homes) left.

[mulethree]

3. Well not a total waste as far as they're concerned

The PR and echo, hearing lots of 'experts' all agreeing on these meme's. And they must be the country's best since the President is up there with them.

Yes, "The next round of PR and Rightwing Political Correctness", they have found a way to polish turds :( through brainwashing techniques.

[TreasonousBastard]

4. They are completely wrong on everything, but..

they're gonna do it anyway.

And it's gonna kill a lot of us.

[rustydad]

5. Watching a train wreck

I could only watch for a short time as it was too painful. The expression on Bush's face was beyond description. He is a very, very sick person. Bob

[umass1993]

6. here's a thought,

maybe corporations shouldn't be taxed at all, except on the resources they use, or the money they send overseas.

Corporations can only spend money on employees, dividends, savings, and investment.

If employees and dividends are taxed as individual income tax, all that remains is savings and investment, both of which should be encouraged.

I just think we should tax the sh!t out of rich people because they abuse corporate system to diproportionately reward themselves.

Corporations are just a group of poeple trying to get something done. Massachusetts was originally formed as a corporation. There is nothing intrinsically wrong with the concept of a corporation, although there are many problems in the way they are instituted in the US.

Food for thought. Responses welcome.

[bemildred]

7. I like it. nt

[mulethree]

8. dividends and investment

These are both 'profits', dividends being profits returned to the shareholders and investment being profits invested by the corporation.

Tax them differently? If the shareholder wants to invest the dividends it has to go through a tax first, so you get no dividends, they're inefficient. All profits get retained and invested by companies.

Then the corporations that were founded as "just a group of people trying to get something done" end up being entities devoted to investing to avoid tax on dividends, and the original "something done" gets lost. This is also promoted by corporate tax breaks and other ways that money can be grown in a corporation with less tax paid than would be paid if the same purpose were fulfilled as a partnership rather than a corporation.

I think they should be restricted to a particular purpose, and when they exceed that, they pay out their excess as dividends rather than diversifying, merging and otherwise investing and expanding.

Then the shareholders pick how to invest their dividends and no mega-corps develop.

The tax law should treat the two uses of profits neutrally or perhaps encourage 'the people' - or dividend over the growth of corporations.

[umass1993]

12. I don't follow you..

I think they should be restricted to a particular purpose, and when they exceed that, they pay out their excess as dividends rather than diversifying, merging and otherwise investing and expanding.


So what! if all profits get reinvested. If it's domestic, then this would be money put into creating jobs and efficiency within the corporation. It is good for corporations to grow, if they are growing within the US.


The tax law should treat the two uses of profits neutrally or perhaps encourage 'the people' - or dividend over the growth of corporations.



This is exactly the wrong thing! The people that get dividends are rich people that do nothing! It is a wealth sink.

I'm afraid you don't understand. I hope you take the time to think it through.

[cornfedyank]

9. shrub's "We" just keeps getting smaller and smaller

other than that i think they are using this s.s. ( smoke screen)to hid the fact that the s.s ( social security) money's gone.

a flat comsumption tax is ok. After the 7.5 trillion that was spent is paid back.

[stevebreeze]

11. consumption taxes are extremely regressive

check out how sales taxes affect differing income groups at Citizens for Tax Justice WWW.CTJ.org

[MrUnderhill]

10. Very few, my friend. Very few.

Oh wait! You said "ON".... I read that as "IN".

Carry on.:+

[umass1993]

13. here is why most people are clueless

Tort reform, especially class action suits. Our litigious culture scares businesses out of expanding, scare them out of the country and scares away foreign investment.


This is a myth, of course. The numbers simply don't support this notion.


Over-regulation. The tax laws take up 2ft of bookshelf but the regulatory agency rules take up 20 ft. Employers spend $7,000 per employee keeping up with, and complying with regulations.


Some truth to this. At some point, there become too many regulations and it becomes too complex to understand. We need to make regs as simple as possible, so they may be enforced and complied with effectively. It would also force us to prioritize. A normal person should be able to engage in business without having a lawyer specialist on the payroll full time.



Over - taxation. The death tax is evil and will kill small business. Personal income taxes are unfair to small businessmen, they don't take into account the re-investment thats necessary. Income pass-thru's like S-Corps get screwed and double taxed.


I think the right way to determing income tax rates is by wealth, rather than income. The more wealth you have, the higher an INCOME tax rate you pay. You tax INCOME, but the RATE is determined by WEALTH. This would tend to push everyone towards a target wealth.

It ain't that cmoplicated if you think it through. :-)

[EVDebs]

14. Look at what Warren Buffett has to say !

"Warren Buffett Urges Higher Corporate Taxes" posted at

http://www.commondreams.org/headlines04/0306-01.htm

This means that they are beginning to see that "supply side" b.s. needs to be tossed overboard and "demand side" economics (aka Keynesian economics) needs to be the replacement. This would restore marginal propensity to consume back to its original primacy and tax policy would again allow money to flow to those with the proclivity to spend it and not 'hoard it under a mattress' or waste it in some bone-headed Enron-type pie in the sky ripoff.