tag:blogger.com,1999:blog-28006963.post485164134033656953..comments2023-11-05T06:19:26.250-05:00Comments on CHANNEL SURFING: Driving the rich awayHank Kalethttp://www.blogger.com/profile/11564264315812266459noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-28006963.post-27249817183116730372010-02-06T16:37:02.165-05:002010-02-06T16:37:02.165-05:00Dear Anonymous:
>we should reduce taxes on bus...Dear Anonymous:<br /><br />>we should reduce taxes on businesses and corporations because it will create jobs.<br /><br />Help me understand something: A business sells "stuff". It adds up all its costs, tacks on some profit, and people but that "stuff". A corporate tax is just ANOTHER cost. The business actually EITHER passes it along to the consumer OR goes out of business.<br /><br />Right?<br /><br />(Ignore for the moment that if it reduces its obscene profit to cover the tax so as not to pass it along. It still is passing that tax along by accepting a lower profit.)<br /><br />So, we should have a ZERO corporate tax for NO OTHER REASON than it conceals exactly how much we are paying in taxes. <br /><br />ONLY REAL PEOPLE PAY TAXES.<br /><br />Jobs have nothing to do with it! Honesty does.<br /><br />If I buy a can of beans, I have NO way of knowing how much "tax" I am paying in the price of that can of beans. <br /><br />On April 15th, the tax I paid on that can of beans isn't in what I pay as "my taxes". It's hidden. <br /><br />I think if people knew what they were paying, really and truly, bottom line number, there would be a GIANT revolt. Make the Tea Parites of last summer look like a gardent tea party.<br /><br />It's actually much worse than we can intuit. When a company makes a capital good that other companies use to make "stuff" we have taxes on top of taxes being hidden. Buried hip deep in obfuscation.<br /><br />And the congresscritters like it just that way. Keep the rubes dumb about what they are actually paying for this class of a "new priesthood" in the District of Corruption and other "capitols"!<br /><br />Argh!reinkefjhttps://www.blogger.com/profile/14629246056431046851noreply@blogger.comtag:blogger.com,1999:blog-28006963.post-78754532266486873932010-02-06T09:49:53.768-05:002010-02-06T09:49:53.768-05:00The goal of all these pro-corporate studies is to ...The goal of all these pro-corporate studies is to promulgate the notion that we should reduce taxes on businesses and corporations because it will create jobs. In other words, it's more of the trickle down BS crapola that worked so well during the Bush years (sarcasm alert). These right wingers and fascists just never quit spouting and propagandizing for this feculent pseudo-philosophy that cutting taxes for the rich and for the businesses will somehow create jobs and attract more businesses. It did not work in the past and it will not work now or in the future.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28006963.post-13212667549660959362010-02-05T12:16:31.799-05:002010-02-05T12:16:31.799-05:00In 2008, NJ had the highest percentage of milliona...In 2008, NJ had the highest percentage of millionaires, I don't know what it is for 2010 but I'm guessing it's still at the top or near the top.<br /><br />By Claire Heininger/Statehouse Bureau <br />January 10, 2008, 6:22PM<br />New Jersey has the most millionaire households in the country, according to a marketing company's fifth annual ranking.<br /><br />The Garden State moved up from No. 2 in 2005 and 2006 to No. 1 last year on the index, compiled by Phoenix Affluent Marketing Service, which does research for companies that sell luxury products, investments and the like to the wealthy.<br /><br />According to the service, in 2007, 7.12 percent of New Jersey's 3.2 million households had a total of $1 million or more liquid or investable assets. That includes items such as savings, stocks and bonds, precious metals, the cash value of certain life insurance policies and retirement accounts not controlled by employers, but not equity in homes.<br /><br />In 2006, 6.46 percent of New Jersey households met the $1 million standard. The figure was 5.89 percent in 2005. Hawaii ranked first in both those years, but fell to fourth in 2007. Maryland was second last year and Connecticut was third. <br /><br />The survey rankings are based on Census data and online surveys of thousands of affluent households.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28006963.post-58062998136638726812010-02-05T12:08:46.492-05:002010-02-05T12:08:46.492-05:00It's bogus as usual. The NYTimes debunked a re...It's bogus as usual. The NYTimes debunked a recent Rutgers study that alleged that NJ was losing people. The NYTimes pointed out that it was a flawed study because it left out immigration and the prolific NJ birthrate. It turns out, that NJ is gaining in population and more people are moving into NJ than are leaving. And in fact, young affluent yuppie types are moving into NJ because NJ's ace in the hole is its location, location, location, its good schools and it's cheaper than NY. The rate of growth in population has slowed a bit but NJ is still gaining in population. If anything, NJ businesses don't pay enough in taxes. Many NJ businesses are getting tax abatements long after any reason for them has expired. And these developers with their wonderful tax abatements can contribute to the campaigns of city council members who granted them the tax abatements and continue to give them abatements long after the demonstrated need has expired.<br />Businesses are still moving into NJ because of its location and because of those wonderful tax abatements and other tax holidays for the rich and powerful.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28006963.post-91665656696086273492010-02-05T09:39:12.159-05:002010-02-05T09:39:12.159-05:00Well as soon as the last of the old relatives pass...Well as soon as the last of the old relatives pass, I'm out of here. I'm not "rich", but if I hang around NJ as it's current;y constructed tax-wise, I sure won't be. Just slowly going broke, here in the Pepuls Republik of Nu Jerzee!reinkefjhttps://www.blogger.com/profile/14629246056431046851noreply@blogger.com