The "horrors" of Socialism Explained

I'm all for only taxing it once. Just as soon as the wall of limited liability is removed from between the owners and businesses. They are either separate entities or they're not. You can't have it both ways.

 

I do not see any connection to that and taxes.

Same way with my city avoiding the payment to CA for license plates on cop cars.

 

First the Corp pays taxes then the owners pay taxes on the same earnings.

1) Under current law, the company and the owner are separate legal entities.

2) It is NOT the same earnings - it is a dividend/salary paid by one party to another. The owner isn't writing checks on the corporate account to pay the mortgage and utilities that are in his personal name. That would be called embezzlement. He is paying taxes on personal income paid to him by a third party.

3) It also means that the owner is not personally liable for wrongs his company committed, unless he personally helped commit said wrongs. If the sales manager independently takes actions that cause the company to break the law and the owner does not know of it, he is not personally on the hook for criminal and civil liability.

4) I challenge you to produce one owner or CEO that would give up the protection that legal separation provides - even if it meant zero personal taxes.

 

It is definitely the same income. The legal title of the entity is the corporation. And Congress chose to construct the corporation. Congress selected how to tax them.

So long as the corporation obeys the law, the Congress must as well.

I see no tax breaks. Corporations pay as instructed by Congress.

Congress also collects a lot of revenue from corporations. If you rather intend it to be like Oprah Winfrey handles things, with her personal corporation, do you believe she should pay one tax or two taxes?

 

And, there is no express wall building clause.

 

we don't. we simply don't expect to finance our economy and favor the Richest at the expense of the Poor. only the right wing, never gets it.

 

Post 632. I am not going to copy and paste it for you. You need to have some personal responsibility concerning this matter. Do you expect your opponents to do all the heavy lifting for you?

 

While I agree it is ultimately our personal responsibility to acquire the training necessary to become a viable candidate for employment, I have experienced the challenges of doing that financially & otherwise in my own life. As a result, I developed a certain level of compassion for those facing that challenge themselves. It's NOT always easy, and it's actually NOT always possible, depending on several variable circumstances. I have more compassion for these people than you, apparently.

 

What? Are you insane?

Slavery is never right!

My God! The Trump cult is getting worse!

 

No, you implied it was right to have slaves. After all, your ancestor slaveholder lived in a neighborhood in Texas where "everyone owned slaves". You implied that was o.k......get it right.

 

What is it you're drinking? Are you sure that's legal in your state?

 

Massah Golem....don't whip me.

 

Let's do it right and cut ALL spending. That's a ginormous savings.

 

Why should one person be on the hook for something he didn't do but was done by another person without his knowledge?

 

That's capitalism.

And it acts more like a parasite.

 

The IMF is capitalist. It used structural adjustment policies to take advantage of borrowers for decades.

 

The problem isn't that capitalism is evil. Rather, it faces limits to growth.

 

It's capitalist because it offers financial "aid" with strings attached. That is, structural adjustment policies employed to encourage neo-liberalism, which makes OECD countries richer.

The problem is that the IMF is losing favor because BRICS and emerging markets are becoming more wary of the propped-up petrodollar, which is why they are considering SDRs while forming their own trading blocs.

 

The goal of the IMF is not "to keep statism" but to allow creditors to take advantage of borrowers.

 

What he means is that almost everything that you buy or use involves JIT systems and extensive supply chains.

 

The IMF is composed of central banks. Central banks are state institutions, not capitalist firms.

 

Your socialist dependents lack resourcefulness. That is why they depend on others to provide.....whether it be in the way of a job, or just plain socialist welfare. Liberty loving workers make themselves valuable. They are resourceful. They demand compensation for what they offer. Guess it takes a strong individual where as the weaker ones depend on the "collective". They are the parasites. The parasites depend on "class warfare" and that is how socialism is promoted. In Venezuala and Greece, the parasites killed the host. In many other countries, they have never experienced "Liberty". That is precisely why they all want to come here!

 

Does he not realise he exposed ALL parasites, in explaining the parasite? What a freaking dimwit!

Jase, my Dude, the welfare class has been making others work for them forever. It goes both ways.

 

It depends on various circumstances. For example, socialist countries like Cuba are practicing sustainability while those like North Korea are suffering. Meanwhile, countries like China are competing with the U.S., together with many countries among BRICS and emerging markets which use socialist principles like protectionism and restrictions on free trade.

Ironically, Trump is doing similar.

 

He's not contradicting your claim. Rather, he's referring to what makes a successful parasite.