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Originally posted by theabsolutetruth: EXTREME wealth, earning £100+billions per YEAR
The post I made is in reference to the Global Economics Forum report that I posted and another poster argued about this threads video being made by a bozo
Originally posted by Blue_Jay33
They could issue a flat tax, no deductions for family incomes over $250,000 at 12%.
Any family income under 36K a year no tax, build the middle class back up. And encourage families to raise there kids instead of working. Then build a flat tax system tiered, 50K at 3% for example this would include state and federal taxes. Simple solutions to create equality that will never be adopted.
Originally posted by theabsolutetruth
reply to post by roreagin
Perhaps you could try reading the post I made with a link to the report on page 15, I quoted clearly, all the posts after are quoted clearly.
Please refer to the posts and quotes in context, relying on 'chinese whispers' isn't such a good strategy.
Originally posted by kalisdad
double post...
interactive map of corporate subidies and incentives
www.nytimes.com...
list of corporations that have their taxes paid via the Federal government tax breaks
www.economicpopulist.org...edit on 6-3-2013 by kalisdad because: (no reason given)
In the end, the money that towns across America gave General Motors did not matter.
When the automaker released a list of factories it was closing during bankruptcy three years ago, communities that had considered themselves G.M.’s business partners were among the targets.
For years, mayors and governors anxious about local jobs had agreed to G.M.’s demands for cash rewards, free buildings, worker training and lucrative tax breaks. As late as 2007, the company was telling local officials that these sorts of incentives would “further G.M.’s strong relationship” with them and be a “win/win situation,” according to town council notes from one Michigan community.
Yet at least 50 properties on the 2009 liquidation list were in towns and states that had awarded incentives, adding up to billions in taxpayer dollars, according to data compiled by The New York Times.
Some officials, desperate to keep G.M., offered more. Ohio was proposing a $56 million deal to save its Moraine plant, and Wisconsin, fighting for its Janesville factory, offered $153 million.
But their overtures were to no avail. G.M. walked away and, thanks to a federal bailout, is once again profitable. The towns have not been so fortunate, having spent scarce funds in exchange for thousands of jobs that no longer exist.
One township, Ypsilanti, Mich., is suing over the automaker’s departure. “You can’t just make these promises and throw them around like they’re spare change in the drawer,” said Doug Winters, the township’s attorney.
Yet across the country, companies have been doing just that. And the giveaways are adding up to a gigantic bill for taxpayers.
The cost of the awards is certainly far higher. A full accounting, The Times discovered, is not possible because the incentives are granted by thousands of government agencies and officials, and many do not know the value of all their awards. Nor do they know if the money was worth it because they rarely track how many jobs are created. Even where officials do track incentives, they acknowledge that it is impossible to know whether the jobs would have been created without the aid.
Originally posted by RoScoLaz
reply to post by LoneGunMan
he shills.
Originally posted by Dfairlite
reply to post by NorEaster
Yep, that's why you're a loser (in the literal sense, not name calling, simply using the opposite of what you address successful people as) You are focused on destruction. Your entire post is 100% destruction, not building anything other than an army to destroy.
Satans minions, you jealous socialists are.
Originally posted by theabsolutetruth
reply to post by NorEaster
The trillions unaccounted for are possibly in part from untraceable grants and tax incentives that aren't followed, hundreds of millions for many companies in many states. GM is just an example, there are so many more.