Entitlements
2010-Aug-28, Saturday 09:43 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
ssurgulYou know, I am watching my beloved MSNBC's evening line up of Leftist Moonbat nutjobs that I love so much, and a commercial decrying raising taxes on oil companies came on for the umpteenth time. I was struck with a sharp, crystallizing insight. (Quite apart from the end line of text on the commercial where it's noted that the American Petroleum Institute paid for the ad. Gosh, I wonder why they're against oil companies paying more taxes.)
They've hired these average-joe-looking actors to pretend they care about big oil profit margins. One of them said point blank that raising taxes on big oil would definitely kill jobs. And that's when, after all my long months of schooling, it finally dawned on me. All the Right Wing Retardicans have been screaming and screaming about entitlements and the evils thereof. And of the evils of 'social justice' because it means redistributing the wealth in ways that 'aren't right'. But if higher taxes means less jobs, that has a few ramifications of logic. First, taxes are assessed (presuming we're talking about corporate income tax here) on post-cost income, i.e. net income. This is after all jobs are paid for. This is relevant because it means that the company isn't content with making obscene profits; they feel they MUST continue to make at least as much in profit, and to do so, they're going to cut jobs to make the same post-tax profits. Rather than just lose a little off the pure profit side, and have their shareholders understand where the losses come from. They're *gasp* entitled to the same profit levels.
I know I've said before that the Retardicans are truly only interested in redistributing the wealth upward, under the clever guise of Free Market Capitalism. However, this was the first time I've truly seen just how fucking greedy they and their puppet masters really are. Companies are in business to make profits, certainly. But threatening to cut jobs out of an industry that has had companies posting record profits for ANY company globally for several quarters in a row if they get a tax increase?????????? Yeah. That's the real entitlement there, and thank ghods the Retardicans are there to save us from the horrors and nightmares that would certainly arise if companies had to actually follow the law, and not get carve outs of any kind.
They've hired these average-joe-looking actors to pretend they care about big oil profit margins. One of them said point blank that raising taxes on big oil would definitely kill jobs. And that's when, after all my long months of schooling, it finally dawned on me. All the Right Wing Retardicans have been screaming and screaming about entitlements and the evils thereof. And of the evils of 'social justice' because it means redistributing the wealth in ways that 'aren't right'. But if higher taxes means less jobs, that has a few ramifications of logic. First, taxes are assessed (presuming we're talking about corporate income tax here) on post-cost income, i.e. net income. This is after all jobs are paid for. This is relevant because it means that the company isn't content with making obscene profits; they feel they MUST continue to make at least as much in profit, and to do so, they're going to cut jobs to make the same post-tax profits. Rather than just lose a little off the pure profit side, and have their shareholders understand where the losses come from. They're *gasp* entitled to the same profit levels.
I know I've said before that the Retardicans are truly only interested in redistributing the wealth upward, under the clever guise of Free Market Capitalism. However, this was the first time I've truly seen just how fucking greedy they and their puppet masters really are. Companies are in business to make profits, certainly. But threatening to cut jobs out of an industry that has had companies posting record profits for ANY company globally for several quarters in a row if they get a tax increase?????????? Yeah. That's the real entitlement there, and thank ghods the Retardicans are there to save us from the horrors and nightmares that would certainly arise if companies had to actually follow the law, and not get carve outs of any kind.
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no subject
on 2010-Aug-29, Sunday 04:58 am (UTC)no subject
on 2010-Aug-29, Sunday 04:59 am (UTC)no subject
on 2010-Aug-29, Sunday 05:06 am (UTC)no subject
on 2010-Aug-29, Sunday 08:10 pm (UTC)Wealth and power work like a narcotic in that once you get a taste it's tempting to do whatever it takes to get more. Large public companies multiply that effect through the investors and board demanding steady profit growth (to keep their buzz going), while they are completely removed from the people comprising said company.
Extorting lower taxes by threatening to kill jobs is a bluff that frequently works. The employers don't mention that they will elminate as many jobs as possible in the long term anyway to improve efficiency and thus maximize profitability. So you either collect those taxes now and lose jobs, or don't collect them and lose jobs.
Small businesses creating new jobs on their way up are more important than large businesses at the top looking to cut jobs to boost profitability. But the little guys don't have the lobbying power to make the law less hostile to small businesses. Try running a business with a few employees and see if you can afford the boatload of taxes (payroll, medicare/social security, use taxes, income taxes, and so on) and the CPA it takes to understand and comply with those taxes. We were lucky to find a CPA willing to work one day a week so we never have to face another audit like the one that wiped us out six years ago.