YOU CAN’T REPEAL THE LAWS OF ECONOMICS: It’s a science, not a suggestion

Head In The Clouds

Posted on16 Hours Ago by jccarlton

Right up in the stratosphere.

http://www.press.org/news-multimedia/videos/npc-speaker-sen-elizabeth-warren

http://www.npr.org/2015/11/18/456549211/elizabeth-warren-steps-up-campaign-for-liberal-agenda

Elizabeth  Warren must believe that somehow you can disconnect reality and put it into a bubble.  Like most Progressives she can’t seem to understand that corporations do no pay taxes, they act as tax collectors by adding taxes to all the other costs that they pay when selling products.  Which means we all pay more.  The problem is that we the people are running out of “more.” We can’t afford their avarice anymore.

http://www.wsj.com/articles/elizabeth-warrens-tax-warning-1448061976

She seems to think that Treasury can just stop companies from leaving.  Good luck with that.  The fact is that my neighborhood and most of the country that I’ve seen is full of the carcasses of closed factories and dead company.  Maybe Sen. Warren should take a look at the country.  The reality is visible everywhere you look.  Nobody’s investing in America.

She’s right that the largest corporations pay very little in taxes.  That’s not because Treasury isn’t trying.  They’ve got entire staffs of IRS agents looking for any way to collect right in the corporate offices.  Considering the results maybe they should get another job.  The fact is that largest corporations can afford to have lobbying staffs and push legislation that gives them a break.  And the tax savings make it profitable to do so.

The problem is that Sen. Warren see the effects and mistakes them for causes.  The big corporations aren’t maintaining all that effort because they like doing it, they are doing it because if they don’t they won’t be in business next week.  The lobbying effort is the result of the high tax rate.

So is the almost no revenue.  Does Sen. Warren really believe that changing the law  is going to create magic revenue.  It seems so.  But the only result of not lowering the tax rate is to further punish the American public in the name of punishing corporations.  Apparently Sen. Warren doesn’t have a problem with punishing anonymous American stockholders, workers and small companies.  Because that’s who’s going to take the hit for not cutting those taxes.

Look, Sen. Warren admits that the revenue collected from the corporate tax is small. next to nothing.  The impact of the tax due to the fact that it’s causing great sums of American company money to park overseas when we desperately need investment at home and the jobs that investment would create far outweighs the 20 billion or so that even being bold enough to cut the corporate tax to zero would “cost” the government (I actually think that cutting the tax to zero would create a boom the likes of which has never been seen before, but what do I know).

It seems that to Sen. Warren that it’s more important to punish “big corporations” for the crime of being successful than it is to have a prosperous economy full of employed and happy people.   Is that what we really want in our country?