Raising the corporate tax ends up hurting the middle-class. usually corporations either raise the price of their goods to offset the effect or lower dividends, both of which end up targeting a different demographic then the one initially targeted.
A 10 year gold price graph will illustrate a sharp increase around 2009 in the rate of increase. Many people believe that the value of gold is increasing when in actuality, the value of the dollars which purchase the gold are becoming worth less … even worthless. Inflation is a cancer that cannot be treated comfortably (as stated in the video). The “comfort” of additional debt is like another fix for a junkie and is the very cause of the cancer. The medicine of austerity is most certainly uncomfortable and even painful but would arrest the cancer and possibly reverse it in time. But even this is a ruse because the Fed banker’s cartel and select politicians are aware of the dismal destination of the economy and have evidently placed a higher value on power than on money. Therefore, there will be no medicine for the dying economy due to the political cost. The junkies will line up for another fix until the economy flat-lines. After that, those who facilitated the demise will retain the obtained power.
Ignorance is bliss, ESPECIALLY when it comes to learning about economics and awakening to the consciousness of the technicalities of why our economy is on its way to inevitable collapse...
Invest in silver while it's still relatively cheap! Here is a link of a video that explains in a little more detail about the dollar collapse: http://youtu.be/YcczbYvCajk
Economics is more complex than many people realize. People say "just raise taxes" or "make more money" without exactly knowing all the consequences or effects each of those actions may have on our economy. One action affects one thing which then affects another thing and so on. Educating yourself is the best solution for becoming familiar with what is happening in today's economy.
The slight comment regarding the publisher's opinion about Corporations petitioning the Government to not raise the Corporate tax rate is as Corporations "pay the least" is a uneducated one.
Corporations are entities that are subject to a double taxation of profits. First, the Government collects taxes of the trillions of dollars that all Corporations makes annually in revenue, and then the Government collects taxes on the billions of dollars that Corporations pay out in dividends to annually in the form of dividends. Therefore, the Government is actually double dipping on the amount of taxes they are collect.
Corporations are what make the wheel go 'round. That is, their activity perpetuates economic activity. If you raise the rate of taxes on Corporations then they will have less money to invest in capital intensive projects to spur future business growth. It will also reduce the amount of money that a Corporation has available at the end of the year to pay out in the form of dividends to its shareholders. If a company pays out less money in dividends, few investors will be willing to invest in said company.
This hesitation to invest in Corporations will spread to the aggregate level of the entire stock market and it will lower the overall value of all stocks in the economy and will reduce the value of millions of individuals retirement accounts which will place a larger burden on citizens to be able to afford retirement. They will either save more (thereby spending less and slowing down the wheel of the economy) or be forced to rely on the Government to subsidize their retirement which will increase the expense burden by billions annually and negate any possible gain by taxing Corporations more.
I have noticed an increase in Lenin style 2 step revolutionary materials. They blame the rich and create social mobility, stressing the system to the point of breaking down. Blame the rich for making a profit, then spreading the "wealth" around..Its what has taken down every great republic..
What I think many of your readers and tax-paying Americans would like to see are 2 more breakdowns of the data.
#1 - How much do we pay for Administrative costs for each segment? (salaries/benefits + pensions for the people, supplies/mailing, etc...)
#2 - How much we pay in each segment for illegal persons living in the USA?
Raising revenue from the current income-tax system to cover current spending is “fairly” impossible. It remains so even when “fairness” is thrown to the wind and we blast the middle class with far higher tax rates.
This video was very educational. Many people in America do not know how our economy is handled and it's very interesting to hear an expert speak about our country's economic crisis; I believe every citizen should find the time to watch this video.
Although corporations have much lower taxes than the individual, I do not believe their taxes should be raised. This would make it so corporations have lower net incomes, which would create an incentive for the corporation to increase their revenues to gain back their net income, aka increase prices of goods and services.
I also believe America has a very big problem on our hands and it is evident that there are many different opinions on how to lower our national debt. However, no major action has been put into place yet. With that said, I am very eager to see what our government does in the next few years to try and stop this horrible problem.
This video did a great job of describing what is taking place in today's economy. Whether its inflation, high unemployment, or an impending recession, the government seems to be digging itself deeper into a whole which they cannot get out of. Each policy that is implented only worsens a different problem that the economy is dealing with and does not solve what they intended on solving. No matter what action the government takes, it is not sufficient enough to fix inflation or high unemployment. The harder we try to catch up, the further away the goal moves. As the video said it is important to get some insight on what is happening in our economy and prepare yourself for the worse.
This video is a great example of why big government is a complete failure. The only way out of this mess is to starve the beast as the economist Arthur Laffer coined. Cloward and Piven (http://clowardandpiven.com/) created a Lenin/Marxist model to destroy America. This $14+ trillion debt, the high unemployment rate, racial divide, class warfare, and progressive “dumbing” down of the education system is all part of that model. As you see, we are broke and the Davies J Curve/Gap is in full force, as resources flatten off expectations continue to increase. Point given, unions.
Unfair trade agreements, like the one that Clinton signed with China, force companies to seek cheap labor in China. Running a trade deficit and then borrowing money from the same country that is cheating, is ignorant. Which, as we have seen by listening to people like Anita Dunn and Van Jones, whom support the decline of America and the rise of China. The Chinese realize that they are the ones that are in trouble, not us. They have given up capital, made loans on our bonds. All it would take is to move from the greenback to the Amero and take dollars back at $14 trillion to $1… But that is just a radical approach.
Now for stating that Corporate tax rates are too low.. I see that individual tax “revenues” are much higher. I believe the top 10% of Americans (most in Corp America) pay the majority of the taxes. We have one of the highest Corp taxes in the world, and people want to blame Multinational Corps for going to countries like Singapore because of their friendly tax codes. We have nearly 50% of America that pull from entitlements and don't care that these systems are being bled out. These social safety nets like unemployment have created total stagflation. America has a true double digit unemployment rate, which is hidden from those who don't pay attention to facts.
So to keep this short, which I have plenty to say on the topic, I will just say that this video seems like communist/marxist propaganda.. This reminds me of the Tides Foundation’s video “The Story of Stuff”.. But very effective to those who do not understand what’s going on in this world.
Plus, I built my company.. Nobody gave me that nor did it for me..
Just my opinion..
I believe that this video was indeed educational to the average person that does not know how people, big businesses and corporations affect almost every aspect of the economy. However, I agree with Seth from the comment above me due to the fact that many laws and regulations that are in place today set up a lot of people and businesses to stay in debt their entire lives, making the rich richer and poor even poorer. This outcome can be determined by examining a couple of key factors such as high unemployment rate and the level of increased taxation. However, I do believe that corporate tax is where it needs to be due to the fact that the people engaging the majority or business and the people making the most revenue should be coughing up the most money to the government. Raising taxes and borrowing money from other countries may be the answer, but at the same time has it proven effective recently? It has not at all to say the very least. I am not a professional economist so I can’t provide a soundly reasoned answer to this national debt problem or corporate taxation. I run and operate my own LLC (Limited Liability Company) precisely for this reason alone. I still want my company to have the structure and lack of accountability as well as the ability to be a lone owner and regulate my own income, so it doesn’t need to be monitored on a federal level as much as corporations normally would be. With that being said I can say that I do not entirely trust the corporate taxation and operating systems at this date, although I am very interested to see where this issue will head to next with the upcoming election seeing as these matters are all hot topics.
One thing that worries me in the video is that they claim raising taxes, cutting spending, or adjusting the interest rate can only worsen the recession or grow inflation. If that's the case then what are we supposed to do?
I always thought there was supposed to be a reform of all three to balance the economy, but republicans (especially the tea party) oppose any new taxes, even though I've hear from multiple sources that our current tax rate is the lowest it's been in over 50 years.
I liked the taxes vs. spending graph in the video that showed how spending has gotten a bit out of control and we haven't kept up the taxes to pay for it all. It looks like the gap started to grow widest around 2000 when we sent troops overseas to fight the "war on terror" in the Middle East.
I found this video interesting, because it provided me with a new perspective over the financial crisis. Constantly in the news you hear political leaders claim that they can fix the economy but cutting government spending; however, this video explains that by cutting spending, raising taxes, and adjusting the interest rate will only hurt the economy in the long run.
Although they did a good job showing how our debt has increased over time I feel that they have one thing incorrect. When discussing the difference in the taxes from individuals and not businesses is that taking into account the small business owners that are included? Being self-employed means in the eyes of the IRS means that the individual will not be counted as a business (or corporation). This would mean that people are paying more into the system but it is not taking out the income earned from their businesses that they are being taxed for. There is a separation when the calculations are completed. I just felt that this part of the video was misleading and unclear. Being a small business owner myself; I feel that if the taxes are increased any further I will not be able to stay in business for too much longer. I do not currently take a paycheck because our profit margins are killed with all of the taxes that we have to charge our customers. We cannot stay competitive with others that are online in another state since; they do not have to charge the same 8.25% Texas state sales tax that we are required to. I know there is a bill to change that as well but, until then I am losing business to my other online competitors.
Free thinker .... Free Writer