Quote:
Originally Posted by baddog
Well jungle cakes (excuse the informality) it is my understanding that it wasn't really about more tax breaks as much as it was keeping the current temporary ones.
I am not an economist, but it seems logical that there should be tax breaks after a certain point to encourage reinvestment. Everyone whines about oil making huge profits, but it seems their ROI is about the same as a nice money market.
Oh, I also think it is ridiculous to give these chump tax rebates. $200 a person can be put to better use.
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to me, its more about appeasing the voters, not about what will actually be done..
the problem is, realistically we (the US) cant afford to keep current tax breaks or lower taxes for any bracket..
big oil is making huge profits because they have done very little re investment.. is it their fault that they want to make a huge profit? no, its called capitalism and thats the great thing america was built on.. allow me to make as much as i can make.. i agree with that..
however, giving large corporations big tax breaks on top of the breaks they are already getting by outsourcing jobs overseas is not acceptable.. if you want to save money by shipping jobs overseas to countries that have cheap labor, save money by not having environmental laws, or have cheap raw materials, then that company needs to pay higher import taxes..
we are entering a time when everyone is going to need to pitch in to help the US recover, but that doesnt mean that taxpayers should have to pay for corp americas greed and fuckups..
honestly, i dont know what the answer is, but we def need to demand massive change regardless if you are voting for repub or dem...