US Politics : Open Borders (a continuation)

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tetrasect said:
Looks like they are stepping up just a little...

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They already surpassed late night shows in that regard.
Honestly they should continue despite the writers strike, perhaps that was the cause of their woes.
 
Kieppie said:
Either way it's not because Trump dropped the tax to 21% that you saw these profit spikes.
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I never made that argument.

Kieppie said:
If you paid no taxes it simply means you made no profit and there could be various reasons for this.
No you won't get $1T companies will just go elsewhere.


Getting away with paying less than the marked tax rate is a completely different issue.
It should be obvious that some other factor is at play seeing a downward trend in "effective" tax rate while the normal tax rate remains consistent.


The government is only entitled to the tax that is in the law. If companies are breaking laws then fine them for that.
Or make changes to specific laws or tax breaks, not a blanket increase.


Exactly my point. Companies "like Amazon"... There are many companies not like Amazon who are much more impacted by tax fluctuations than they are.
There should be a progressive tax scale for companies, perhaps there actually is.

Amazon taxes are low partly because they use all kinds of creative accounting or foreign holdings to shift profit around. Much like Apple etc. also does.
Disney for example did something similar in offsetting profit in one division against losses in another. They are currently being sued for this by the way.

Either way it's not because Trump dropped the tax to 21% that you saw these profit spikes. It was due to Covid specifically benefiting companies like Amazon.
If anything having a competitive corporate tax rate is more beneficial for a country in enticing companies to set up shop there.

Biden already signed a minimum corporate tax into law as part of his bloated, ironically named omnibus "Inflation Reduction Act" last year.
Many experts warned of the impact this will have and called it a terrible policy, in part because companies that have the most stock compensation will experience more substantial effects.
It also harm manufacturing companies more than say tech companies, who already have higher profit margins.
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You very obviously do not know what you are talking about. Not gonna waste my time discussing this with you further.

The point is that corporations are only effectively paying 9% corporate income tax because of tax breaks and loopholes. If those tax breaks where abolished then they would be paying 35% which is a fair rate. Then the US would take in 1 trillion a year and not have to cut funding for soup kitchens.

And your argument that "companies will just leave" holds no water. It's a ridiculous fantasy.
 
tetrasect said:
I never made that argument.

You very obviously do not know what you are talking about. Not gonna waste my time discussing this with you further.

The point is that corporations are only effectively paying 9% corporate income tax because of tax breaks and loopholes. If those tax breaks where abolished then they would be paying 35% which is a fair rate. Then the US would take in 1 trillion a year and not have to cut funding for soup kitchens.
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Hah, no you clearly don't understand and accusing me of not understanding is kinda ironic.
You remind me of people complaining about millionaires(often excluded now that Bernie is a millionaire) / billionaires not paying taxes, but forgetting that they didn't actually have an income to tax.
Then when they find that out then they try and jump on the wealth tax and we have to go into the whole unrealized gains argument.

I dumbed it down since this is a politics thread not an in depth economics thread.
As you said I don't feel the need to waste more effort when the basics are not understood.

If the problem were these tax breaks and loopholes then Biden and co would be addressing those and not institute their ill-advised minimum tax instead.
They had more than enough time on their side together with control.

tetrasect said:
And your argument that "companies will just leave" holds no water. It's a ridiculous fantasy.
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Sadly it's just reality. Perhaps go educate yourself on why other countries are lowering their corporate taxes...
 
Called it.

www.reuters.com

Biden, McCarthy reach tentative US debt ceiling deal

The deal would avert a default, so long as they succeed in passing it through Congress before the Treasury Department runs short of money to cover its obligations, which it warned will occur if the debt ceiling is not raised by June 5.
www.reuters.com www.reuters.com

www.reuters.com

Factbox: What's in the debt ceiling deal Biden, McCarthy agreed?

U.S. President Joe Biden and House Republican Speaker Kevin McCarthy on Saturday reached an agreement in principle to lift the debt ceiling that would trim some U.S. federal spending.
www.reuters.com www.reuters.com
 
quovadis said:
And outside Kieppies delusion….

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Nah sorry again this is a topic I know much more about than you. It's a crappy movie in basically all metrics.
Having a strong opening amongst children on a holiday is meaningless.

The only good live action remake was Cinderella.
 
Kieppie said:
Nah sorry again this is a topic I know much more about than you. It's a crappy movie in basically all metrics.
Having a strong opening amongst children on a holiday is meaningless.

The only good live action remake was Cinderella.
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The market disagrees with you. You’re welcome to live in your own reality.

www.dailymail.co.uk

The Little Mermaid expected to have up to $130 MILLION opening weekend

The Little Mermaid is doing swimmingly its first weekend in theaters. Moviegoers have made the highly anticipated musical a part of their world, paying some $38 million Friday
www.dailymail.co.uk www.dailymail.co.uk
 
Kieppie said:
Nah sorry again this is a topic I know much more about than you. It's a crappy movie in basically all metrics.
Having a strong opening amongst children on a holiday is meaningless.

The only good live action remake was Cinderella.
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Thats just it, it isn't strong for memorial weekend... it looks like it could end up being the worst in mouse history
 
quovadis said:
The market disagrees with you. You’re welcome to live in your own reality.

www.dailymail.co.uk

The Little Mermaid expected to have up to $130 MILLION opening weekend

The Little Mermaid is doing swimmingly its first weekend in theaters. Moviegoers have made the highly anticipated musical a part of their world, paying some $38 million Friday
www.dailymail.co.uk www.dailymail.co.uk
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Haha no, you just don't know enough about this movie if you think the box office numbers matter w.r.t. quality, especially considering that it's memorial weekend.

Hailey's singing is good as that is what she's famous for after all, but the rest of the movie...
The movie is too long and too bland, so sure parents will take their children to the latest Disney movie to keep them occupied, but that is where it ends.
They won't be watching it a gain and again like kids often do.

Also parents that don't show their children the original after this should be charged with child abuse
 
Cray said:
$130 Million would put it in all time 3rd place behind Top Gun Maverick and Pirates of the Caribbean: At World's End

https://www.boxofficemojo.com/chart/top_opening_holiday_weekends/?by_occasion=us_memorialday_weekend


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Ok and using your opening weekend chart, do you consider Crystal Skull a good movie or the worst Indiana Jones movie (Soon to be replaced by Dial of Destiny)?
It just proves my point those numbers mean very little in terms of quality.
 
Kieppie said:
Haha no, you just don't know enough about this movie if you think the box office numbers matter w.r.t. quality, especially considering that it's memorial weekend.

Hailey's singing is good as that is what she's famous for after all, but the rest of the movie...
The movie is too long and too bland, so sure parents will take their children to the latest Disney movie to keep them occupied, but that is where it ends.
They won't be watching it a gain and again like kids often do.

Also parents that don't show their children the original after this should be charged with child abuse
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So you watched it then? Great. Let’s see where it ends up after the weekend. Box office success is box office success.
 
Kieppie said:
Ok and using your opening weekend chart, do you consider Crystal Skull a good movie or the worst Indiana Jones movie (Soon to be replaced by Dial of Destiny)?
It just proves my point those numbers mean very little in terms of quality.
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Am in no way suggesting that successful equates to good. The Fast and Furious franchise is proof enough of that. But sh*tty movies being successful isn't anything new (i really don't know if this qualifies as a sh*tty, will wait till I actually see it before I decide).

The Little Mermaid doing well is kind of amusing considering how many people were ranting that a black mermaid somehow violates the spirit of the source material.. Hopefully all those anti-woke commentators won't be too gutted that it didn't tank at the box office.
 
quovadis said:
So you watched it then? Great. Let’s see where it ends up after the weekend. Box office success is box office success.
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It takes more than just one weekend to be deemed a success. Also no it just means people went to watch it once. The quality of movies matter more and Disney has been on a downward spiral of late.
Sadly parents aren't too picky when it comes to distracting their children for a few hours so it's easy money for Disney on top of renewing their IP licenses.
 
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