Quote (Thor123422 @ May 4 2021 01:07pm)
You want a future where your kids have a choice on which healthcare plan, and then no choice on which doctor they go to because they're stuck on a small network.
All the while they're paying more for the privilege of having their choice of physician restricted.
And where they have less choice in career because their career of choice doesn't have good benefits and they will literally die from not being able to afford insulin.
It's really sad to see you buying into such a simplistic "Muh freedumbz" narrative in 2021. If this was 2006 I'd say you are just a regular gullible conservative, but not even gullible conservatives are still using your talking points.
Getting more of your earned money is economic freedom which leads to actual freedom. If I become a savvy enough investor where I can live off stock market gains then it gives me the freedom to spend time with my family, to get sleep, to eat.
The government coming and saying we'll take a bigger piece of that pie will result in less of those freedoms being available to me, quite simple really.
I don't care what people currently believe lol, I'm perfectly fine being a minority in what I believe in.
Quote (thesnipa @ May 4 2021 01:08pm)
the r&d loophole is a simple line in corporate tax filing. doing away with it over time and clamping down on it's uses doesn't allow corporations to offshore those expenses.
that's not what I'm talking about. Those are two separate things.
Corporations evade taxes by not bringing their money back to the US from international markets. I.e. Microsoft makes money in Europe. Instead of repatriating that money and paying US taxes as a US corporate, they can just let that money sit in subsidiaries in low-tax places like Irelands, Switzerland, Cyprus, etc. Higher US corporate taxes will only exasperate that.
R&D on the other hand will suffer for this reason. Think about two comparative companies. One pays 40% taxes in the US, the other is an east Asian company that pays half. Holding everything constant the east Asian company will end up with higher net income and reward their shareholders with higher dividends or stock growth. This will eventually cause more investors to buy that company over the US counterpart. Because of this, the US company will have to lower costs where they can to try to hold those investors. R&D is one area where some of these cuts will happen first.
Corporations are actually the number one area of growth and technological progress. Taxing them may be appealing in the short term but it's one of the worst ways to stifle future national innovation. If we do this, you might as well crown China as the global superpower today because it will be reality within a generation or two.