Wealth doesn't trickle down – it just floods offshore, research reveals

What you money grabbing socialists don't get is that capital is fluid. People will only take so much before they say F it and move their money. Margaret Thatcher told you socialism only works until you run out of other people's money.

The ironic thing is that trickle down is working in the countries in which they are moving their money. Anyone who thinks economies don't trickle down is lacking serious critical thinking skills.

The best thing America could do is allow the wealthy to repatriate any capital back to the US with little to no taxes. Corporations should be fighting to move their headquarters here with aggressively low tax policies.

a reply to: Edumakated

Well, we have gotten on pretty well so far without their money. I hope they stay in the same country as their money so it does trickle down, if that is true.

originally posted by: AlaskanDad
a reply to: ketsuko

GREED!!!!

That is the same thing that made them rich!

And greed is now the thing that keeps that money going elsewhere. Your greed. You see what others had and you wanted it, so you lobbied for more of it and more. Pretty soon, they decided it wasn't worth it and started sending that money overseas to people who were willing to work for less.

Face it. You killed the goose that laid your golden eggs.

And now you want to take punitive measures again. It didn't work before, but you think it will work now. I wouldn't care except I'm stuck in this country with you and your greed has the power to ruin my life indirectly.

a reply to: ketsuko

How are you stuck here, on a banned travel list? I wonder how many people on this board would miss ya? We sure have not missed the tax cheaters so far. Our biggest problems are vaginas and welfare in this country, so we're good.

originally posted by: ketsuko

originally posted by: AlaskanDad
a reply to: ketsuko

GREED!!!!

That is the same thing that made them rich!

And greed is now the thing that keeps that money going elsewhere. Your greed. You see what others had and you wanted it, so you lobbied for more of it and more. Pretty soon, they decided it wasn't worth it and started sending that money overseas to people who were willing to work for less.

Face it. You killed the goose that laid your golden eggs.

And now you want to take punitive measures again. It didn't work before, but you think it will work now. I wouldn't care except I'm stuck in this country with you and your greed has the power to ruin my life indirectly.

It's much, much more complicated than that. You have to look at the changes made through legislation on banking regulations, corporate taxation and liabilities, industry regulation and much much more.

It wasn't greed of the little man that is killing this country, it's the politician being paid by the rich man to form a government that favors him.

Isn't the IMF working to create a new reserve currency? If so, maybe this issue is the reason why.

originally posted by: ketsuko

originally posted by: AlaskanDad
a reply to: ketsuko

GREED!!!!

That is the same thing that made them rich!

And greed is now the thing that keeps that money going elsewhere. Your greed. You see what others had and you wanted it, so you lobbied for more of it and more. Pretty soon, they decided it wasn't worth it and started sending that money overseas to people who were willing to work for less.

Face it. You killed the goose that laid your golden eggs.

And now you want to take punitive measures again. It didn't work before, but you think it will work now. I wouldn't care except I'm stuck in this country with you and your greed has the power to ruin my life indirectly.

Isn't it funny that it is greed when someone makes a lot of money, but it isn't greed when government and others keep asking for more?

I always find it comical too that you get the limousine liberal crowd employing the same tactics to protect their wealthy. It is only the broke Gruber voters who are too stupid to realize you have to protect your money. John Kerry got in trouble for moving his yacht out of MA to avoid taxes a few years ago. Michael Moore? Rails on the very economic system that allows him to make $30 million for a documentary?

a reply to: ketsuko

Pretty soon, they decided it wasn't worth it and started sending that money overseas to people who were willing to work for less.

The article is about avoiding taxes by the use of offshore banking. How does that pertain to shipping jobs overseas? Oh I see, you just changed to a more comfortable talking point rather than staying on the topic.

As for how the rest of your tirade pertains to this conversation, I can not even guess at what it has to do with:

Wealth doesn't trickle down – it just floods offshore, research reveals

originally posted by: ketsuko

originally posted by: AlaskanDad
a reply to: ketsuko

GREED!!!!

That is the same thing that made them rich!

And greed is now the thing that keeps that money going elsewhere. Your greed. You see what others had and you wanted it, so you lobbied for more of it and more. Pretty soon, they decided it wasn't worth it and started sending that money overseas to people who were willing to work for less.

Face it. You killed the goose that laid your golden eggs.

And now you want to take punitive measures again. It didn't work before, but you think it will work now. I wouldn't care except I'm stuck in this country with you and your greed has the power to ruin my life indirectly.

That was a joke right?

Our greed made them let millions of illegals in that have kept the pay ceiling low?

Or maybe our greed caused the recession where trillions of dollars were stolen from millions of folks retirement accounts when the market correction happened.

Yet the rich lost nothing and gained those trillions, yet nobody was even charged.

Oh I get it, only suits deserve to make enough to live on without the aid of welfare.

BTW, no company should be able to pay so little a full time employee can even qualify for welfare, it is nothing but another corporate handout.

Most of Walmart's employees qualify for welfare, they made how many hundreds of billions in profits last year?

But we get it, we are greedy for thinking full time work should provide a lifestyle beyond the gov titty.

I'm in a position to know a few wealthy people, some obscenely wealthy. This is how they see it.

Their money works for them; it generates income, investments and security, plus it affords them a lifestyle others envy and they can be as generous as they like towards causes that they feel associated with or are drawn to.

Their investments include companies and organisations that generate employment for many, and also tax income for the country they are trading from. The charitable causes benefit from their generosity (or whim).

However, they see excessive tax as a burden they could do without, especially as they contribute so much, so they move their money offshore where taxes are lower. They also, together with very creative accountants, devise ways to reduce their tax burden on their corporate profits and other investments.

After talking with a few of them – most I regard as friends – they would be very willing to bring their money back, make more investments, employ more people and contribute more in taxes if the rates were lower, or closer to what they could attain from offshore.

I'm not saying I do or do not agree with them, or that I count myself among them in wealth, but I'm very interested in politics and economics, and there was a time I was almost their equal in financial terms. What I will say is that I'm a big admirer and reader of Thomas Sowell.

a reply to: AlaskanDad

This is not the failure of "Trickle Down," it's the scape goating of Trickle Down by international free trade and labor laws which have made off shoring and job exporting lucrative to companies. Trickle Down doesn't work in a service based national economy AND a service based national economy isn't sustainable, isn't productive, and is intrinsically handcuffed to the global market. It's pretty obvious here, the solution is to eliminate the barriers preventing Trickle Down from working...

Install tariffs and import taxes that make foreign production of goods that should be produced in the US unfeasible.
Install off shoring regulations that have teeth.
Restore America as a global producer of goods.

Global libertarianism doesn't work, but national libertarianism, complete with angry and vicious national protectionist laws intended to make America the lead dog again, would place the USA back into the driver's seat.

a reply to: Edumakated

Edumakated, protector of the rich, never questioning your masters nor your own place in society, always accepting of it, you're amazing.

But not only are they stealing from us through the use of tax shelters, but they want taxpayers to pay into their bonuses!

About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006.

For just $93 billion a year the federal government is able to provide a better life for these CEO’s and their families. That’s less than the cost of 240 million cups of coffee a day. Won’t you help a needy corporation today?

source

a reply to: burdman30ott6

So trickle down failed because:

international free trade and labor laws

And these laws were passed by lobbyists spending their masters money.

(back on topic)
I think the rich need higher taxes so they can no longer buy my government. Having our politicians bought and owned weakens and endangers our country.

I once wrote about Libertarians what I found out was there are several types that label themselves libertarians, but they like to paint any liberal as a socialist.

a reply to: AlaskanDad

No, I support free markets and liberty. One of the by products of which is people being able to get rich through their hard work and innovation.

If this country were serious about improving the economy, they should go to a low flat tax on corporate earnings and completely eliminate personal income taxes at the federal level. All corporate subsidizes should be eliminated. I don't care if you are corn farmer in Iowa or Boeing. Corporations should not be getting subsidies from the government.

In addition, I would support some tariffs on goods being imported from other countries who basically are using slave labor as a manufacturing base. I'd offer further reductions in corporate taxes for companies that keep their plants here in AmeIrica.

a reply to: AlaskanDad

Free trade that's it right?

Robots are not only replacing the workforce but the military too.

What place are humans going to have in the world then?

What about the soon to be millions of jobs lost to technology?

The are even picking fruit and veggies with robots now, what are those migrant workers going to do now, more construction?

We're not building cities anymore people.

a reply to: Edumakated

The nations of the world just need to reign in these lousy, filthy, tax dodging scum that are destroying the worlds economy by hoarding trillions of dollars in overseas tax havens.

Dont forget the corporations -64 corporations have 3 billion or more in offshore cash,there is over 900 billion held offshore.These corporations pay tax at an average of 8 per cent and some with accountants and lawyers and lobbyists that can properly exploit the 5600 page 4 million word tax code pay considerably less, for example GE gets a refund and Exxon Mobil pays about 1 per cent.

a reply to: onequestion

With jobs being taken by machines, and creating machines being easier than creating jobs, we could be in real trouble!

If our society stays with our current system, there will be quite a few people that will simply need to die because the do not have a job.

In a humane society these people would be considered as a part of the society, and cared for.

originally posted by: AlaskanDad
I once wrote about Libertarians what I found out was there are several types that label themselves libertarians, but they like to paint any liberal as a socialist.

Not sure what you're getting at here. I've been pretty open and honest about saying that the mass hysteria surrounding "Obama is a socialist" or "Hillary is a socialist" was like the boy who cried wolf and would bite those conservatives in the ass when a real socialist came along. I've also been open in calling Bernie Sanders a socialist... hey, I'm in good company there, Bernie himself has said he's a socialist (which he immediately followed up with a long slew of personal reasons why he didn't see that as a bad thing).

a reply to: introvert

It's greed ... at every level.

People who see what others have that they don't and they want their fingers in the pie.



The captions about say it all. If someone has something you don't and you want it, then it's not fair, so we should find ways to take it from them instead of you finding ways to earn it. AT EVERY LEVEL. Top to bottom.