corporate pork is a thing
corporate pork is a thing
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
I think this tidbit belongs in the economics thread:
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EssenViews/Commentary
@essenviews
9h9 hours ago
Trump plots to cancel research into curing diseases like Alzheimer’s:
The Trump administration is considering cutting $100 million worth of crucial
medical research into developing new vaccines and treating diseases like Parkinson’s and Alzheimer’s.
https://shareblue.com/trump-cancel-m...hs-alzheimers/
The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.
I'm an Ocasio-Cortez skeptic (though I wish her well), but she is right on the mark here. One of the cock-eyed statements I have concocted is that "everyone is a capitalist on the way up and a socialist after they get to the top." Local governments falling all over themselves to woo Amazon (and the countless other corporate giants in other instances) is so ridiculous. One thing that really made me laugh is that Minnesota put together a modest package just to say they bought the equivalent of a Powerball ticket. The conservatives in the state just railed that (1) the package wasn't enticing enough, and (2) Amazon wouldn't come here anyway because we have high state taxes. Funny that half of the headquarters ended up in a state with even higher state taxes than Minnesota. Long story short, these corporations are just looking for the biggest fruit basket in the here and now. They don't give two sh*ts about the long-term.
local governments should realize that if they made their communities as attractive as possible to live in the rest will follow with zero need for corporate pork
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
She is a moron but what I dont agree with is just dismissing her for being a socialist. All should br welcome in the arena of ideas. The news media shouldnt be telling us who the serious candidates are.
"Donald Trump will serve a second term as president of the United States.
It’s over."
Little Thethe Nov 19, 2020.
It wasnt directed at anyone here. I just dont agree with how much of the media scoffs at her. I think she is wrong but lets have an open debate of ideas in this country instead of just dismissing groups for not being considered mainstream. They do it to my side too.
"Donald Trump will serve a second term as president of the United States.
It’s over."
Little Thethe Nov 19, 2020.
All welfare is bad, including corporate. AOC is right here... But she doesn't seem to see the irony and condtradictions to her other views
acesfull86 (11-15-2018)
Feds collect more tax receipts in US history this October, the first month of the new fiscal year.
Crazy, because there was such a massive tax cut.
CBO summary of fiscal year 2018
https://www.cbo.gov/system/files?fil.../54647-MBR.pdf
Receipts from corporate income taxes, the third-largest source of revenues, fell by
$92 billion (or 31 percent) in 2018, dropping from 1.5 percent to 1.0 percent of GDP. That
percentage of GDP is the lowest recorded since 2009, and it is half of the 50-year average
of 2.0 percent of GDP. The decline reflects payments for both the 2017 and the 2018 tax
years; about half of that decline has occurred since June. Collections from June until the
end of the fiscal year mostly were in the form of estimated payments for tax year 2018,
when several provisions of P.L. 115-97 took effect, including the new lower corporate tax
rate. Another provision, which expanded businesses’ ability to immediately deduct the full
value of equipment purchases, was effective retroactively for the last quarter of 2017.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
Krugman on business investment and tax cuts
https://www.nytimes.com/2018/11/15/o...gtype=Homepage
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
I understand you were talking about October 2018. But why focus on one month when we have data on fiscal year 2018 (October 2017-September 2018). Focusing on October at the exclusion of the other data strikes me as a blatant case of cherry picking, the kind of thing I suppose I should expect from an acolyte of Ron Paul's and someone who holds Russia Today in high regard.
You ask what happened to receipts in FY 2018. The data is there is the report I linked. Along with a great deal of other useful information. Have a look at it.
Where is sturg btw.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
I guess the broader point is, people are blaming deficits on tax cuts, but tax receipts are higher than ever.
So why are we so afraid to call out the spending?