Higher taxes stymie job creation

[zinfamous]

You have to have profits to reinvest right? The money does not magically appear.

Or maybe you are thinking about writing reinvestment off federal taxes?

math is hard

 

[zinfamous]

It is sad to see people hell bent on fleecing companies and job creators.

Run companies and job creators through the tax mill, watch innovation, job creation... plummet.

what do you care about job creators when you fucking flee every god damn job some idiot gifts you out of pity?

seriously--what is your deal here? You're basically the laziest idiot on these forums, yet you lionize the people that you clearly don't respect.

lol--like you know dick about innovation.

 

[zinfamous]

Really?

I understand your point, but when the government is going to take money, the less money you make, the even less left over.




I didn't the CEO did. I was workign for this company in the late 1990s - https://hydro-extractors.com/

Customer wanted an extractor on wheels that could move itself. The CEO bid the job at the regular price of around $250k. Actual job cost around $500.

Please don't vote anymore. It's actually worse for you when you do that, because you just don't understand simple things. Let us vote for you and fix your life. You can't do this for yourself.

You're the only reason that you're miserable. It is no other way.

 

[cytg111]

Really?

I understand your point, but when the government is going to take money, the less money you make, the even less left over.




I didn't the CEO did. I was workign for this company in the late 1990s - https://hydro-extractors.com/

Customer wanted an extractor on wheels that could move itself. The CEO bid the job at the regular price of around $250k. Actual job cost around $500.

I think you are getting why you were wrong in the beginning of this thread... Just fess up to it man and let us move on... Its so easy to swing and not miss you on this topic, you are not doing yourself any favors. You could always re-rationalize it : Job creators get lazy after 10mil cause they know they wont see that money anyway .. or some bs like that.. But this particular hill is a particular stupid one to keep standing on... Move on. And close Fox...

 

[darkswordsman17]

will texashiker ever come back? People like him stay stupid because they wont take in knowledge that contradicts their beliefs.

It doesn't matter. You can give him all the knowledge in the universe, he's functionally incapable of understanding it.

I apparently had typed out this response sometime before, but it seems especially apt now. Hahahaha, holy shit. TexasHiker threads are so much more entertaining when you just sit and laugh at him flailing at trying to fit his political agenda to basic math and accounting principles.

 

[Texashiker]

.

what do you care about job creators when you fucking flee every god damn job some idiot gifts you out of pity?

seriously--what is your deal here? You're basically the laziest idiot on these forums, yet you lionize the people that you clearly don't respect.

lol--like you know dick about innovation.

Please stop being mean, it's not nice.

Let's see, innovation:

Around 1988, 1989, Olin Chemical in Lake Charles had moisture get into their phosgene reactors, and portions of the nickle clad was ate out. I was part of the repair crew that fixed the cladding. Eventually, Olin replaced the reactors with hastelloy.

Not that you would understand any of that.

Around 1990 Ohmstede in Sulphur, LA was developing an overlay process for carbon steel tube sheets. I worked with some of the guys on that project. We experimented with strip overlay, it did not work well. Eventually the company settled with an oscillating head, with two MIG heads. Each head was was attached to two welding machines. The whole thing was water cooled with custom fabricated radiators.

Not that you would understand any of that.

2004 a chemical company was experimenting shell and tube heat exchanger. The bundle was built using a variety of alloy and carbon steel tubes. The excahnger was put into service for few months, pulled out, then taken apart.

I doubt you have any idea what that is.

Using plate rolls to roll hexmetal onto rolled and welded cylinders.

in 2000 - 2003 I was working as a computer support technician in North Houston; we were deploying state of the art cable modems that were years ahead of anything in the area. We had fiberoptic piped into every neighborhood and no line was more than three amplifiers deep. On average customers were getting 7mbps. I helped with everything from the fiber, to the end user, to the head end.

As for being lazy, come back after you work 12 hours a day, 7 days a week, for months on end, and do that for 5 - 6 years.

Zin, you sound like a very bitter person. I do not understand why you have to lash out at not just me, but a number of people.

 

[Texashiker]

This is YOUR thread. The whole premise of it was "taxes hurt jerbs!" People have spent four pages attempting to explain basic corporate accounting and how a Form 1120 works. The whole point is that higher taxes don't hurt jobs because higher taxes incentivize spending in all forms.

Maybe you should write for Forbes, because evidence shows otherwise.

Higher taxes hurt job growth. What is so difficult to understand about that?

 

[sactoking]

You've provided no evidence of your claim. Others have shown plenty of evidence of the market forces pushing the opposite result. Not only that but we have real-time evidence that cutting taxes does not lead to more jobs.

 

[WelshBloke]

Higher taxes hurt job growth. What is so difficult to understand about that?

That it isnt true. Tax structure to incentivise reinvestment in the business would help job growth. To do that the tax structure should discourage company revenue being taken as profit and passed to a few individuals.

 

[thilanliyan]

Maybe you should write for Forbes, because evidence shows otherwise.

Higher taxes hurt job growth. What is so difficult to understand about that?

It's been shown several times that you are confusing personal taxes with corporate taxes. Higher personal taxes incentivizes reinvestment of profit in the company. This can lead to the creation of new jobs.

 

[zinfamous]

.

Please stop being mean, it's not nice.

Let's see, innovation:

Around 1988, 1989, Olin Chemical in Lake Charles had moisture get into their phosgene reactors, and portions of the nickle clad was ate out. I was part of the repair crew that fixed the cladding. Eventually, Olin replaced the reactors with hastelloy.

Not that you would understand any of that.

Around 1990 Ohmstede in Sulphur, LA was developing an overlay process for carbon steel tube sheets. I worked with some of the guys on that project. We experimented with strip overlay, it did not work well. Eventually the company settled with an oscillating head, with two MIG heads. Each head was was attached to two welding machines. The whole thing was water cooled with custom fabricated radiators.

Not that you would understand any of that.

2004 a chemical company was experimenting shell and tube heat exchanger. The bundle was built using a variety of alloy and carbon steel tubes. The excahnger was put into service for few months, pulled out, then taken apart.

I doubt you have any idea what that is.

Using plate rolls to roll hexmetal onto rolled and welded cylinders.

in 2000 - 2003 I was working as a computer support technician in North Houston; we were deploying state of the art cable modems that were years ahead of anything in the area. We had fiberoptic piped into every neighborhood and no line was more than three amplifiers deep. On average customers were getting 7mbps. I helped with everything from the fiber, to the end user, to the head end.

As for being lazy, come back after you work 12 hours a day, 7 days a week, for months on end, and do that for 5 - 6 years.

Zin, you sound like a very bitter person. I do not understand why you have to lash out at not just me, but a number of people.

Sounds like you repaired a common failure by applying a common solution for that issue--and this is innovation? I'm not sure that you understand much of anything.

Here's the thing: you act like an elitist blue collar asshole: "you can't possibly understand what I do, but here: let me tell you all about the science that you do as a career and of which I clearly have no understanding, because I am better at a thing that I don't understand than you are at a thing that you don't understand."

This is why no one takes you seriously--you demand that others respect the self-proclaimed genius and specialty of your general set of skills, all the while demanding that others cow-tow to your interpretation of their rather more complicated and esoteric set of skills that you simply have no hope of really understanding. ...and it's not that you mentally can't understand these things--you just refuse to understand them on their actual terms. You demand that the world outside of your brain fit into your tiny and simple boxes, and it isn't that way. You demand standards of proof and evidence that simply have no basis in any kind of acceptable, peer-reviewed way, and that are completely outside of any recognized field of accepted science over the last 200 and more years. You simply don't get it, and you honestly do not care that you don't get it. Until you understand that the world outside of your box of stupid doesn't follow your ridiculous rules, you will continue to be treated like an ignorant simpleton. It doesn't have to be that way, but this is what you demand, and so it is what you deserve.

I'm not being mean. I'm being honest. Stop being a fucking snowflake when people treat you the way that you deign to treat others.

 

[zinfamous]

Maybe you should write for Forbes, because evidence shows otherwise.

Higher taxes hurt job growth. What is so difficult to understand about that?

No evidence shows this, which is why you refuse to provide any. LoL--and certainly no evidence that meets your ridiculous nonsense standards (oh, but of course they wouldn't have to when you find some vacant comment that merely reinforces your feels beliefs)

 

[brycejones]

.

Please stop being mean, it's not nice.

Let's see, innovation:

Around 1988, 1989, Olin Chemical in Lake Charles had moisture get into their phosgene reactors, and portions of the nickle clad was ate out. I was part of the repair crew that fixed the cladding. Eventually, Olin replaced the reactors with hastelloy.

Not that you would understand any of that.

Around 1990 Ohmstede in Sulphur, LA was developing an overlay process for carbon steel tube sheets. I worked with some of the guys on that project. We experimented with strip overlay, it did not work well. Eventually the company settled with an oscillating head, with two MIG heads. Each head was was attached to two welding machines. The whole thing was water cooled with custom fabricated radiators.

Not that you would understand any of that.

2004 a chemical company was experimenting shell and tube heat exchanger. The bundle was built using a variety of alloy and carbon steel tubes. The excahnger was put into service for few months, pulled out, then taken apart.

I doubt you have any idea what that is.

Using plate rolls to roll hexmetal onto rolled and welded cylinders.

in 2000 - 2003 I was working as a computer support technician in North Houston; we were deploying state of the art cable modems that were years ahead of anything in the area. We had fiberoptic piped into every neighborhood and no line was more than three amplifiers deep. On average customers were getting 7mbps. I helped with everything from the fiber, to the end user, to the head end.

As for being lazy, come back after you work 12 hours a day, 7 days a week, for months on end, and do that for 5 - 6 years.

Zin, you sound like a very bitter person. I do not understand why you have to lash out at not just me, but a number of people.

So doing your job and companies performaing basic maintenance tasks are now “innovation”.

I think you need to look up that word. Also as business expenses none of those things you talked about would have been impacted by corporate income taxes. Profits are the things companies have AFTER they have paid for the things required to ensure they can be an ongoing concern.

 

[fskimospy]

Maybe you should write for Forbes, because evidence shows otherwise.

Higher taxes hurt job growth. What is so difficult to understand about that?

So explain how job growth was better under Clinton and Obama, who raised taxes than it was under Bush, who lowered them.

 

[umbrella39]

Notsure if it's funny or sad that you guys invest so much time communicating with a self professed multi account troll who has had issues in the past keeping track of which account he is currently logged into. Fuck this assclown Russian... Hit the streets, real Americans out there with real problems...

 

[BoomerD]

Notsure if it's funny or sad that you guys invest so much time communicating with a self professed multi account troll who has had issues in the past keeping track of which account he is currently logged into. Fuck this assclown Russian... Hit the streets, real Americans out there with real problems...

Meh...I don't think TH is a Russian, just someone who's moved on to mainlining the Kool-Aid...and has become a "useful idiot."

 

[brycejones]

Notsure if it's funny or sad that you guys invest so much time communicating with a self professed multi account troll who has had issues in the past keeping track of which account he is currently logged into. Fuck this assclown Russian... Hit the streets, real Americans out there with real problems...

TH is established enough around here that it is clear he is not a Russian just a raging moron.

 

[umbrella39]

Anyone who gives the keys to our democracy so freely to Russia is a fucking Russian piece of shit. Matters not where you were born or how many different accounts you hate our country from...

 

[Ken g6]

Taxing the rich would prevent job creation

Right argument, wrong tax plan, and I think there's an easy solution.

Nobody has suggested business taxes should be raised to 70%. That's the part you're missing. When ownership reinvests profit in the business, they pay only business taxes, not personal income taxes.

On the other hand, Senator Warren has suggested a wealth tax of 2-3% on those having over $50 million. That would seem to include business holdings.

I, therefore, suggest that a non-refundable tax credit should be provided for employees of the wealthy person, and for employees of every business the wealthy person has a majority ownership of. Every American employee's salary should be deducted from the wealth tax up to four times the poverty line per employee. (So they don't just pay one child several million dollars or something.)

That leaves out non-majority investors, particularly angel investors, but I think they have their fingers in too many pies to really promote hiring American workers.

 

[JSt0rm]

It doesn't matter. You can give him all the knowledge in the universe, he's functionally incapable of understanding it.

I apparently had typed out this response sometime before, but it seems especially apt now. Hahahaha, holy shit. TexasHiker threads are so much more entertaining when you just sit and laugh at him flailing at trying to fit his political agenda to basic math and accounting principles.

Actual footage of texashiker fitting his logic into reality...

 

[Texashiker]

So explain how job growth was better under Clinton and Obama, who raised taxes than it was under Bush, who lowered them.

Clinton came in after Bush sr. had secured a lot of work going overseas. Part of the deal with kicking Saddam out of Kuwait was the United States was awarded a lot of work.

If you want exact examples, Saudi Arabia ordered a LOT of industrial parts from the United States, such as pressure vessels, towers, separator towers.... etc. I built several parts going to Saudi in 1992, 1993... We had more work going to Saudi than we could build.

Then there was Clinton signing GATT, NAFTA, and allowing China into the world trade organization. Someone had to move the factories from the US to Mexico. Didn't you have dealings in some of that?

Obama, it was zero interest money coming from the federal reserve as part of their quantitative easing policies.

Its funny how democrats say they help the economy by raising taxes, when it was republican tax polices taking effect that actually spurred the economy.

 

[Texashiker]

Nobody has suggested business taxes should be raised to 70%. That's the part you're missing. When ownership reinvests profit in the business, they pay only business taxes, not personal income taxes.

One of the things that helped make America what it is today is the idea of someone being wealthy. Taxing someone at 70% - 90% is a barrier to that ideology.

Someone may say, "Why would I want to do that when the government will take 70%?"

I worked with people who refused to work overtime as they thought it would "put them in a higher tax bracket." I didn't care, I worked all the overtime I could get.

Taxation is a slippy slope. The government will spend every penny it collects, then some. Our national debt is an example of that.

Democrats have already said they want to repeal the Trump tax reform, and raise the corporate tax rate.

Even more evidence taxes kill jobs:

https://www.forbes.com/sites/patric...inds-repeal-would-boost-economy/#557f1a481aa1

“Research shows that the state corporate income tax is the most harmful of all taxes to a state's economic growth,” said Civitas President and CEO Donald Bryson. “North Carolina can take its positive economic momentum to the next level by eliminating this job-killing tax.”

Its ok, no matter what the experts say, yall are still going to argue against it.

 

[Jhhnn]

Then there was Clinton signing GATT, NAFTA, and allowing China into the world trade organization.

GATT went into effect in 1948. China didn't enter the WTO, the successor agreement, until late in 2001, during the GWB years. Trade with China was actually normalized in 1979. At least get the history right.

 

[fskimospy]

Clinton came in after Bush sr. had secured a lot of work going overseas. Part of the deal with kicking Saddam out of Kuwait was the United States was awarded a lot of work.

If you want exact examples, Saudi Arabia ordered a LOT of industrial parts from the United States, such as pressure vessels, towers, separator towers.... etc. I built several parts going to Saudi in 1992, 1993... We had more work going to Saudi than we could build.

Then there was Clinton signing GATT, NAFTA, and allowing China into the world trade organization. Someone had to move the factories from the US to Mexico. Didn't you have dealings in some of that?

Obama, it was zero interest money coming from the federal reserve as part of their quantitative easing policies.

Its funny how democrats say they help the economy by raising taxes, when it was republican tax polices taking effect that actually spurred the economy.

The US was in recession in 1992 and 1993. Lol.

Strange how Clinton’s good performance was attributed to Bush Sr. when Bush Sr. raised taxes too. How do you explain that?

 

[Texashiker]

GATT went into effect in 1948. China didn't enter the WTO, the successor agreement, until late in 2001, during the GWB years. Trade with China was actually normalized in 1979. At least get the history right.

Were you even born by the 1990s?

I was watching the news and reading the newspapers.

The US was in recession in 1992 and 1993. Lol.

Strange how Clinton’s good performance was attributed to Bush Sr. when Bush Sr. raised taxes too. How do you explain that?

"Your" part of the economy was in a recession, my line of work was booming. Fabrication shops had more work than they knew what to do with. We were working 12 hours a day, 7 days a week for months on end.

Where were those parts going? Saudi Arabia. I built pressure vessels that weighed 90 - 100 tons. They were shipped by rail to the Port of Beaumont, loaded a ship and sent to Saudi.