'America is back,' Biden says, as he dumps Trump's foreign policy approach

[heybruce]

13 hours ago, yellowboat said:

Why weren't the Russians stopped?  It was illegal.  

 

Yes all the people.   Trump got 7 million more votes this election than the last election, many coming from minorities.     Biden may get a pass from the media, but others will be watching him very closely when it comes to current US wars,  Hong Kong/Taiwan/China and the economy. 

 

I was referring to the Mueller report.   This is still a bitter memory. 

The Mueller investigation was into Russian interference in the 2016 election and possible connections to the Trump campaign.  If found both.

 

Regarding who got the most votes in the elections, you should stick with the policy of the rest of Trump's base of insisting that is irrelevant.  Trump lost the popular vote by a significant margin in 2016 and a bigger margin in 2020.

Edited November 25, 2020 by heybruce

[Showtime]

1 hour ago, heybruce said:

You want Israel to wipe out Chinese made islands on the other side of Asia?  You are seriously detached from reality.

That way the US stays out of it and the extra bonus is it would be a sneak attack since nobody would be expecting it.  I am sure Israel has the weapons and the skills to do it.  That is the beauty of the whole idea.

[placeholder]

2 hours ago, Showtime said:

 

Rich people own stocks.  The rest of us own mutual funds which means your argument doesn't hold any water.  Want to try again?

Those figures include ownership of all stocks including mutual funds, pension funds, and 401K's.

And you still haven't come up with any proof to back up your assertion that the deficit would have been worse if corporations didn't get their taxes reduced. 

Nor did you address any of the problems associated with stock buybacks.

Care to try once?

Edited November 25, 2020 by placeholder

[Showtime]

5 minutes ago, placeholder said:

Those figures include ownership of all stocks including mutual funds, pension funds, and 401K's.

And you still haven't come up with any proof to back up your assertion that the deficit would have been worse if corporations didn't get their taxes reduced. 

Nor did you address any of the problems associated with stock buybacks.

Care to try once?

 

 

From Gallup which is a lot more reputable source than your dodgy source:

WASHINGTON, D.C. -- With the stock market experiencing record volatility since the nationwide outbreak of COVID-19 in the U.S., it is fair to ask what percentage of Americans are personally exposed to the market's financial risks and windfalls.

Thus far in 2020, Gallup finds 55% of Americans reporting that they own stock, based on polls conducted in March and April. This is identical to the average 55% recorded in 2019 and similar to the average of 54% Gallup has measured since 2010.

[placeholder]

1 minute ago, Showtime said:

 

 

From Gallup which is a lot more reputable source than your dodgy source:

WASHINGTON, D.C. -- With the stock market experiencing record volatility since the nationwide outbreak of COVID-19 in the U.S., it is fair to ask what percentage of Americans are personally exposed to the market's financial risks and windfalls.

Thus far in 2020, Gallup finds 55% of Americans reporting that they own stock, based on polls conducted in March and April. This is identical to the average 55% recorded in 2019 and similar to the average of 54% Gallup has measured since 2010.

That says nothing about the total percentage owned by the lower 90%. Absolutely nothing. This is your idea of a rebuttal. It is to laugh.

[heybruce]

19 minutes ago, Showtime said:

That way the US stays out of it and the extra bonus is it would be a sneak attack since nobody would be expecting it.  I am sure Israel has the weapons and the skills to do it.  That is the beauty of the whole idea.

Do you think Israel has long-range bombers?  The ability to refuel over central Asia or the Indian Ocean?  Or do you want Israel to build or buy an aircraft carrier and the support fleet that accompanies it and sail over to east Asia?

 

Even if Israel had the capability to launch a major assault over that distance (they don't) and were crazy enough to start a war with China (they aren't) there is no way anyone would believe that the US wasn't complicit.

Edited November 25, 2020 by heybruce

[Showtime]

3 minutes ago, placeholder said:

That says nothing about the total percentage owned by the lower 90%. Absolutely nothing. This is your idea of a rebuttal. It is to laugh.

By that statement, somehow none of the 55% of Americans are in the lower 90%. 

 

If we assume all of the top 10% own stocks doesn't that mean half of the lower 90% own stock.  

 

Here is some Pew Research data for our genius.

 

[placeholder]

2 minutes ago, Showtime said:

 

 

Corporate tax rates around the world from KPMG.  As you see the US rate is 27%, down from 40% and it is still on the high side compared to other regions/countries.

 

search	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Africa average	28.49	28.64	29.07	28.33	27.83	28.14	28.03	28.21	28.26	28.23	28.25	Show more
Americas average	28.28	29.31	28.67	28.35	27.77	27.61	27.71	28.29	28.11	27.36	27.33	Show more
Asia average	23.72	22.91	22.72	22.13	22.00	21.98	21.41	21.08	21.21	21.18	21.13	Show more
EU average	22.74	22.58	22.46	22.74	22.45	22.23	22.17	21.41	21.37	21.05	20.94	Show more
Europe average	21.46	20.83	20.44	20.60	20.42	20.05	19.97	19.53	19.48	19.26	19.12	Show more
Global average	24.65	24.52	24.38	24.17	23.88	23.77	23.62	24.06	24.05	23.81	23.79	Show more
Latin America average	27.52	28.88	28.30	27.96	27.31	27.16	27.29	27.98	28.20	27.39	27.36	Show more
North America average	35.50	34.00	33.00	33.00	33.25	33.25	33.25	33.25	26.75	26.75	26.75	Show more
Oceania average	29.00	28.60	28.60	27.00	27.00	27.00	27.00	28.43	28.43	28.43	28.43	Show more
OECD average	25.70	25.42	25.18	25.32	24.98	24.77	24.69	23.95	23.53	23.23	23.05	Show more
South America average	27.52	28.88	28.30	27.96	27.31	27.16	27.29	27.98	28.20	27.39	27.36	Show more
Afghanistan	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	Show more
Albania	10.00	10.00	10.00	10.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	Show more
Algeria	-	-	-	25.00	19.00	26.00	26.00	26.00	26.00	26.00	26.00	Show more
Andorra	-	-	-	-	-	-	-	10.00	10.00	10.00	10.00	Show more
Angola	35.00	35.00	35.00	35.00	35.00	30.00	30.00	30.00	30.00	30.00	30.00	Show more
Anguilla	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	Show more
Antigua and Barbuda	-	-	-	-	-	-	-	25.00	25.00	25.00	25.00	Show more
Argentina	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	30.00	30.00	30.00	Show more
Armenia	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	18.00	Show more
Aruba	28.00	28.00	28.00	28.00	28.00	25.00	25.00	25.00	25.00	25.00	25.00	Show more
Australia	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	Show more
Austria	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	Show more
Azerbaijan	-	-	-	-	-	-	-	20.00	20.00	20.00	20.00	Show more
Bahamas	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	Show more
Bahrain	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	Show more
Bangladesh	27.50	27.50	27.50	27.50	27.50	25.00	25.00	25.00	25.00	25.00	25.00	Show more
Barbados	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	30.00	5.50	5.50	Show more
Belarus	24.00	24.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	Show more
Belgium	33.99	33.99	33.99	33.99	33.99	33.99	33.99	33.99	29.00	29.00	29.00	Show more
Benin	-	-	-	-	-	-	-	30.00	30.00	30.00	30.00	Show more
Bermuda	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	Show more
Bolivia	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	Show more
Bonaire, Saint Eustatius and Saba	-	-	0.00	0.00	0.00	0.00	0.00	25.00	25.00	25.00	25.00	Show more
Bosnia and Herzegovina	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	Show more
Botswana	25.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	Show more
Brazil	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	Show more
Brunei Darussalam	-	-	-	-	-	-	-	18.50	18.50	18.50	18.50	Show more
Bulgaria	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	Show more
Burkina Faso	-	-	-	-	-	-	-	27.50	28.00	28.00	28.00	Show more
Burundi	-	-	-	-	-	-	-	30.00	30.00	30.00	30.00	Show more
Cambodia	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	Show more
Cameroon	-	-	-	-	-	33.00	33.00	33.00	33.00	33.00	33.00	Show more
Canada	31.00	28.00	26.00	26.00	26.50	26.50	26.50	26.50	26.50	26.50	26.50	Show more
Cayman Islands	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	Show more
Chile	17.00	20.00	18.50	20.00	20.00	24.00	24.00	25.50	26.00	27.00	27.00	Show more
China	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	Show more
Colombia	33.00	33.00	33.00	25.00	25.00	25.00	25.00	34.00	33.00	33.00	32.00	Show more
Congo	-	-	-	-	-	-	-	-	-	-	30.00	Show more
Congo (Democratic Republic of the)	-	-	-	-	-	-	-	35.00	35.00	35.00	35.00	Show more
Costa Rica	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	Show more
Croatia	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	18.00	18.00	18.00	Show more
Curacao	-	34.50	27.50	27.50	27.50	22.00	22.00	22.00	22.00	22.00	22.00	Show more
Cyprus	10.00	10.00	10.00	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50	Show more
Czech Republic	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	Show more
Denmark	25.00	25.00	25.00	25.00	24.50	22.00	22.00	22.00	22.00	22.00	22.00	Show more
Djibouti	-	-	-	-	-	-	-	25.00	25.00	25.00	25.00	Show more
Dominica	-	-	-	-	-	-	-	25.00	25.00	25.00	25.00	Show more
Dominican Republic	25.00	29.00	29.00	29.00	28.00	27.00	27.00	27.00	27.00	27.00	27.00	Show more
Ecuador	25.00	24.00	23.00	22.00	22.00	22.00	22.00	22.00	25.00	25.00	25.00	Show more
Egypt	20.00	20.00	25.00	25.00	25.00	22.50	22.50	22.50	23.00	22.50	22.50	Show more
El Salvador	-	-	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	Show more
Estonia	21.00	21.00	21.00	21.00	21.00	20.00	20.00	20.00	20.00	20.00	20.00	Show more
Ethiopia	-	-	-	-	-	-	-	30.00	30.00	30.00	30.00	Show more
Fiji	28.00	28.00	28.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	Show more
Finland	26.00	26.00	24.50	24.50	20.00	20.00	20.00	20.00	20.00	20.00	20.00	Show more
France	33.33	33.33	33.33	33.33	33.33	33.33	33.30	33.33	33.00	31.00	28.00	Show more
Gabon	-	-	-	-	-	-	-	30.00	30.00	30.00	30.00	Show more
Gambia	-	-	-	-	-	-	-	31.00	31.00	31.00	31.00	Show more
Georgia	-	-	-	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	Show more
Germany	29.41	29.37	29.48	29.55	29.58	29.72	29.72	29.79	30.00	30.00	30.00	Show more
Ghana	-	-	-	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	Show more
Gibraltar	22.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	Show more
Greece	24.00	20.00	20.00	26.00	26.00	29.00	29.00	29.00	29.00	28.00	24.00	Show more
Grenada	-	-	-	-	-	-	-	30.00	30.00	28.00	28.00	Show more
Guatemala	31.00	31.00	31.00	31.00	28.00	25.00	25.00	25.00	25.00	25.00	25.00	Show more
Guernsey	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	Show more
Honduras	25.00	35.00	35.00	35.00	30.00	30.00	30.00	25.00	25.00	25.00	25.00	Show more
Hong Kong SAR	16.50	16.50	16.50	16.50	16.50	16.50	16.50	16.50	16.50	16.50	16.50	Show more
Hungary	19.00	19.00	19.00	19.00	19.00	19.00	19.00	9.00	9.00	9.00	9.00	Show more
Iceland	18.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	Show more
India	33.99	32.44	32.45	33.99	33.99	34.61	34.61	34.61	35.00	30.00	30.00	Show more
Indonesia	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	Show more
Iraq	-	-	-	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	Show more
Ireland	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50	Show more
Isle of Man	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	Show more
Israel	25.00	24.00	25.00	25.00	26.50	25.00	25.00	24.00	23.00	23.00	23.00	Show more
Italy	31.40	31.40	31.40	31.40	31.40	31.40	31.40	24.00	24.00	24.00	24.00	Show more
Ivory Coast	-	-	-	-	-	-	-	25.00	25.00	25.00	25.00	Show more
Jamaica	33.33	33.33	33.33	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	Show more
Japan	40.69	40.69	38.01	38.01	35.64	33.86	30.86	30.86	30.86	30.62	30.62	Show more
Jersey	0.00	0.00	0.00	0.00	0.00	20.00	20.00	20.00	20.00	0.00	0.00	Show more
Jordan	14.00	14.00	14.00	14.00	14.00	20.00	20.00	20.00	20.00	20.00	20.00	Show more
Kazakhstan	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	Show more
Kenya	-	-	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	Show more
Korea, Republic of	24.20	22.00	24.20	24.20	24.20	24.20	24.20	22.00	25.00	25.00	25.00	Show more
Kuwait	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	Show more
Kyrgyzstan	-	-	-	-	-	-	-	10.00	10.00	10.00	10.00	Show more
Latvia	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	20.00	20.00	20.00	Show more
Lebanon	-	-	-	15.00	15.00	15.00	15.00	15.00	15.00	17.00	17.00	Show more
Libya	40.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	Show more
Liechtenstein	-	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50	12.50	Show more
Lithuania	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	Show more
Luxembourg	28.59	28.80	28.80	29.22	29.22	29.22	29.22	27.08	26.01	24.94	24.94	Show more
Macau	12.00	12.00	12.00	12.00	12.00	12.00	12.00	12.00	12.00	12.00	12.00	Show more
Macedonia	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	Show more
Madagascar	-	-	-	-	-	-	-	20.00	20.00	20.00	20.00	Show more
Malawi	-	-	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	Show more
Malaysia	25.00	25.00	25.00	25.00	25.00	24.00	24.00	24.00	24.00	24.00	24.00	Show more
Malta	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	Show more
Mauritius	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	Show more
Mexico	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	Show more
Moldova	-	-	-	-	-	12.00	12.00	12.00	12.00	12.00	12.00	Show more
Monaco	-	-	-	-	-	-	-	33.33	33.00	33.00	33.00	Show more
Mongolia	-	-	-	-	-	-	-	25.00	25.00	25.00	25.00	Show more
Montenegro	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	Show more
Morocco	-	-	-	30.00	30.00	31.00	31.00	31.00	31.00	31.00	31.00	Show more
Mozambique	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	Show more
Myanmar	-	-	-	-	-	-	-	25.00	25.00	25.00	25.00	Show more
Namibia	-	34.00	34.00	33.00	33.00	33.00	32.00	32.00	32.00	32.00	32.00	Show more
Netherlands	25.50	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	Show more
New Zealand	30.00	28.00	28.00	28.00	28.00	28.00	28.00	28.00	28.00	28.00	28.00	Show more
Nicaragua	-	-	-	-	-	-	-	30.00	30.00	30.00	30.00	Show more
Nigeria	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	Show more
Norway	28.00	28.00	28.00	28.00	27.00	27.00	25.00	24.00	23.00	22.00	22.00	Show more
Oman	12.00	12.00	12.00	12.00	12.00	12.00	12.00	15.00	15.00	15.00	15.00	Show more
Pakistan	35.00	35.00	35.00	35.00	34.00	33.00	32.00	31.00	30.00	30.00	35.00	Show more
Palestinian Territory	-	-	-	-	-	-	-	15.00	15.00	15.00	15.00	Show more
Panama	27.50	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	Show more
Papua New Guinea	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	Show more
Paraguay	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	Show more
Peru	30.00	30.00	30.00	30.00	30.00	28.00	28.00	29.50	29.50	29.50	29.50	Show more
Philippines	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	Show more
Poland	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	Show more
Portugal	25.00	25.00	25.00	25.00	23.00	21.00	21.00	21.00	21.00	21.00	21.00	Show more
Qatar	10.00	10.00	10.00	10.00	10.00	10.00		10.00	10.00	10.00	10.00	Show more
Romania	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	Show more
Russia	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	Show more
Rwanda	-	-	-	-	-	-	-	30.00	30.00	30.00	30.00	Show more
Saint Kitts and Nevis	-	-	-	-	-	-	-	33.00	33.00	33.00	33.00	Show more
Saint Lucia	-	-	-	-	-	-	-	30.00	30.00	30.00	30.00	Show more
Saint Vincent and the Grenadines	-	-	-	-	-	-	-	32.50	33.00	30.00	30.00	Show more
Samoa	27.00	27.00	27.00	27.00	27.00	27.00	27.00	27.00	27.00	27.00	27.00	Show more
Saudi Arabia	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	Show more
Senegal	-	-	-	-	-	-	-	30.00	30.00	30.00	30.00	Show more
Serbia	10.00	10.00	10.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	Show more
Sierra Leone	-	-	-	-	30.00	30.00	30.00	30.00	30.00	30.00	30.00	Show more
Singapore	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	Show more
Sint Maarten (Dutch part)	-	34.50	34.50	34.50	34.50	34.50	34.50	34.50	35.00	35.00	35.00	Show more
Slovakia	19.00	19.00	19.00	23.00	22.00	22.00	22.00	21.00	21.00	21.00	21.00	Show more
Slovenia	20.00	20.00	18.00	17.00	17.00	17.00	17.00	19.00	19.00	19.00	19.00	Show more
Solomon Islands	-	-	-	-	-	-	-	30.00	30.00	30.00	30.00	Show more
South Africa	34.55	34.55	34.55	28.00	28.00	28.00	28.00	28.00	28.00	28.00	28.00	Show more
Spain	30.00	30.00	30.00	30.00	30.00	28.00	25.00	25.00	25.00	25.00	25.00	Show more
Sri Lanka	35.00	28.00	28.00	28.00	28.00	28.00	15.00	28.00	28.00	28.00	28.00	Show more
St Maarten	-	-	-	-	-	24.50	34.50	34.50	35.00	35.00	35.00	Show more
Sudan	15.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	Show more
Suriname	-	-	-	36.00	34.50	34.50	34.50	36.00	36.00	36.00	36.00	Show more
Swaziland	-	-	-	-	-	-	-	27.50	28.00	27.50	27.50	Show more
Sweden	26.30	26.30	26.30	22.00	22.00	22.00	22.00	22.00	22.00	21.40	21.40	Show more
Switzerland	18.75	18.31	18.06	18.01	17.92	17.92	17.92	17.77	18.00	18.00	14.84	Show more
Syria	28.00	28.00	28.00	22.00	22.00	22.00	22.00	28.00	28.00	28.00	28.00	Show more
Taiwan	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	20.00	20.00	20.00	Show more
Tanzania	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	Show more
Thailand	30.00	30.00	23.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	Show more
Trinidad and Tobago	-	-	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	30.00	Show more
Tunisia	30.00	30.00	30.00	30.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	Show more
Turkey	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	22.00	22.00	22.00	Show more
Turkmenistan	-	-	-	-	-	-	-	20.00	20.00	20.00	20.00	Show more
Turks and Caicos Islands	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	Show more
Uganda	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	Show more
Ukraine	25.00	25.00	21.00	19.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	Show more
United Arab Emirates	55.00	55.00	55.00	55.00	55.00	55.00	55.00	55.00	55.00	55.00	55.00	Show more
United Kingdom	28.00	26.00	24.00	23.00	21.00	20.00	20.00	19.00	19.00	19.00	19.00	Show more
United States	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00	27.00	27.00	27.00	Show more
Uruguay	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	Show more
Uzbekistan	-	-	-	-	-	-	7.50	7.50	7.50	7.50	7.50	Show more
Vanuatu	0.00	0.00	0.00	0.00	0.00	0.00	0.00	34.00	0.00	0.00	0.00	Show more
Venezuela	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	Show more
Vietnam	25.00	25.00	25.00	25.00	22.00	22.00	22.00	20.00	20.00	20.00	20.00	Show more
Yemen	35.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	Show more
Zambia	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	Show more
Zimbabwe	25.75	25.75	25.75	25.75	25.75	25.75	25.75	25.00	25.00	25.00	24.00	Show more

 

First off, including tiny countries and and underdeveloped and poor countries is ridiculous.

Do you see lots of corporations moving to Vanatau?

And these are nominal tax rates. Not actual effective tax rates.

US corporations use all sorts of tricks to escape taxation.

What was Amazon's effective tax rate?

"In 2018, Amazon posted income of more than $11 billion, but the company paid $0 in federal taxes. In fact, thanks to tax credits and deductions, Amazon actually received a federal tax refund of $129 million. That was a year after Amazon received a $137 million refund from the federal government for 2017"

Big Tech Companies Used Legal Loopholes to Avoid Over $100 Billion in Taxes. How Does That Affect the Industry's Future? | Fortune

 

A New Report Claims Big Tech Companies Used Legal Loopholes to Avoid Over $100 Billion in Taxes. What Does That Mean for the Industry’s Future?

[placeholder]

3 minutes ago, Showtime said:

By that statement, somehow none of the 55% of Americans are in the lower 90%. 

 

If we assume all of the top 10% own stocks doesn't that mean half of the lower 90% own stock.  

 

Here is some Pew Research data for our genius.

 

How exactly does claim that 84% of stock is owned by the top 10% signify that the bottom 90% own nothing? There's still 16% left.

[Showtime]

6 minutes ago, placeholder said:

How exactly does claim that 84% of stock is owned by the top 10% signify that the bottom 90% own nothing? There's still 16% left.

Where exactly did the 84% come from?  What is being smoked in someone's house at the moment?  I think there is a reading comprehension problem there too.

[Showtime]

11 minutes ago, placeholder said:

First off, including tiny countries and and underdeveloped and poor countries is ridiculous.

Do you see lots of corporations moving to Vanatau?

And these are nominal tax rates. Not actual effective tax rates.

US corporations use all sorts of tricks to escape taxation.

What was Amazon's effective tax rate?

"In 2018, Amazon posted income of more than $11 billion, but the company paid $0 in federal taxes. In fact, thanks to tax credits and deductions, Amazon actually received a federal tax refund of $129 million. That was a year after Amazon received a $137 million refund from the federal government for 2017"

Big Tech Companies Used Legal Loopholes to Avoid Over $100 Billion in Taxes. How Does That Affect the Industry's Future? | Fortune

 

A New Report Claims Big Tech Companies Used Legal Loopholes to Avoid Over $100 Billion in Taxes. What Does That Mean for the Industry’s Future?

 

Try looking at the European average.

 

Following the tax code is not a trick.  If you don't like how the tax code is written then change it.  Anyway, this debate was over the tax rate, not the effective tax rate or deductions corporations take.

[Scott]

Improperly formatted post removed.

 

[placeholder]

3 minutes ago, Showtime said:

 

Try looking at the European average.

 

Following the tax code is not a trick.  If you don't like how the tax code is written then change it.  Anyway, this debate was over the tax rate, not the effective tax rate or deductions corporations take.

Try looking at US GDP per capita vs. European GDP per capita

And as for your ridiculous comment about the debate being over "the tax rate, not the effective tax rate or deductions corporations take." Really? What have you got against reality?

[Showtime]

2 minutes ago, placeholder said:

Try looking at US GDP per capita vs. European GDP per capita

And as for your ridiculous comment about the debate being over "the tax rate, not the effective tax rate or deductions corporations take." Really? What have you got against reality?

My original comment was Trump lowered the tax rates for corporations and I supported that, but if you want to talk effective tax rates then we can as soon as you post some data about effective tax rates across multiple countries.

[candide]

10 minutes ago, Showtime said:

Where exactly did the 84% come from?  What is being smoked in someone's house at the moment?  I think there is a reading comprehension problem there too.

According to Goldman Sachs, it's even worse: the top 10% own 88% of stocks

"As of September 2019, the bottom 90 per cent owned US$4.6 trillion of equities, or 12 per cent of the total, the analysts noted."

 

And what about the top 1%?

"Three decades ago, ownership was also lopsided, but the top percentage point of Americans by wealth only controlled 46 per cent of all U.S. equities held by households. By the end of September 2019, that proportion had hit a record 56 per cent"

 

https://financialpost.com/investing/how-americas-1-came-to-dominate-stock-ownership

[placeholder]

8 minutes ago, Showtime said:

My original comment was Trump lowered the tax rates for corporations and I supported that, but if you want to talk effective tax rates then we can as soon as you post some data about effective tax rates across multiple countries.

I'll look for it. But I notice that you still have not supplied any data to support your contention that lowered tax rates on corporations somehow actually increased tax revenues.

Also, even if it turns out that US effective tax rates are higher, that means little if US GDP growth is greater than in comparable economically developed nations. Which i believe it mostly has been predating Trump's tax cuts.

[Scott]

Troll post removed.

 

[Showtime]

2 hours ago, candide said:

According to Goldman Sachs, it's even worse: the top 10% own 88% of stocks

"As of September 2019, the bottom 90 per cent owned US$4.6 trillion of equities, or 12 per cent of the total, the analysts noted."

 

And what about the top 1%?

"Three decades ago, ownership was also lopsided, but the top percentage point of Americans by wealth only controlled 46 per cent of all U.S. equities held by households. By the end of September 2019, that proportion had hit a record 56 per cent"

 

https://financialpost.com/investing/how-americas-1-came-to-dominate-stock-ownership

 

That is a pretty obvious conclusion.  The wealthy by definition have more money to invest.  It is no different than how much of the wealth in the US is held by the wealthy.  No surprise.  Still people from all income levels benefitted from the corporate tax cut.

[Walker88]

1 hour ago, Showtime said:

 

  Still people from all income levels benefitted from the corporate tax cut.

 

It depends on what the meaning of "benefited' is. Short term can always look good. The next door neighbor can get a new pick-up, remodel the kitchen, buy a bass boat, and look flush, but if he did it by max'ing out credit cards and taking a home equity loan, it's Potemkin Success. The bills come due.

 

Under 45 US National Debt has soared 40%. The total National Debt in the first 240 years of the US came to $19.4 trillion. A mere 4 years later, or 1.6% of the US' existence, National Debt is $27.3 trillion. Under 45, due to a combination of the tax cut and slow growth, the debt grew $7,800,000,000,000.

 

Any GDP growth the US has had is purely debt driven, just like the apparent 'success' of the neighbor max'ing out his credit. Debt growth also dwarfs GDP growth. That is inefficient.

 

Yea, 'debt doesn't matter'. Until it does. Everybody better have a lot of kids, because somebody has to pay for what we're now spending.

 

The Fed has tried to 'help' by monetizing some of that debt, which is to say it conjures money from nothing. All well and good, but there is a marginal dollar that renders every other dollar in existence worthless. Nobody knows where that dollar is nor when the Fed will conjure it, but it is there.

 

Monetary confidence is like virginity: once it's gone, it's gone. The US, and probably the entire world, is playing with fire. Under 45 many extra cans of petrol entered the room and there's an open flame not far away.

[billd766]

17 hours ago, Isaan sailor said:

Can’t wait for the Green New Deal.  Will we have solar powered airliners?

They are being worked now but are still in the experimental stage.

 

Perhaps in the 2030s depending on how much effort and money is applied.

[Selatan]

On 11/25/2020 at 9:48 AM, GinBoy2 said:

 

China is a real threat to all democracies, and if I were Biden that would be my #1 foreign policy issue , rather than the buckshot approach of the Trump administration.

 

If this pandemic had taught me anything is that Western-style democracy is the stupidest system ever.

Over here in Malaysia, back in February, our Covid-19 numbers were very low. The first wave was nothing. And then some federal government MPs decided to jump to another party and that party pulled out of the ruling coalition, and so the ruling government fell. During that political crisis, politicians got distracted. A huge religious gathering in the capital was nonchalantly approved which caused a massive spike in the number of cases. The new prime minister took some time to form a new cabinet but later took drastic measures to lock down and numbers went down to very few local cases.

In July, when we thought everything was under control, opposition politicians in the state of Sabah managed to pull some of the ruling government's assemblymen to their side. Not willing to lose his post, the chief minister got the assembly dissolved and a new state election was called. During election campaigning and on voting day, social distancing rules were largely ignored. And so a huge spike in the number of cases in Sabah happened. Because of the huge rise in infected cases, the sensible thing should be to avoid travelling to Sabah and to impose a quarantine after returning. But because many politicians from the Peninsula wanted to help out in the campaigning in Sabah, they didn't want to be quarantined upon returning to Kuala Lumpur, so no quarantine rule was imposed. And now we have 4-digit infections every day nationwide.

What's the point of voting every few years if elected representatives could anytime jump to another party, or a party to another coalition? China may be a threat to democratic countries not because it is seeking to change the political system of other countries but because this pandemic had shown that the political systems of most countries in the world were really lousy.