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

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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 by heybruce

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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.

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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 by placeholder

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.

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.

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 by heybruce

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.

 

FT_20.03.23_StocksImportance.png?w=482

  • Popular Post
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.

 

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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?

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.

 

FT_20.03.23_StocksImportance.png?w=482

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.

  • Popular Post
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.

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.

Improperly formatted post removed.

 

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?

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.

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

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.

Troll post removed.

 

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.

  • Popular Post
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.

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.

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.

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