tag:blogger.com,1999:blog-7806136543904112143.post8861774332182029227..comments2023-10-30T09:23:42.803-05:00Comments on Some Assembly Required: SAR #10207Charles Kingsley Michaelson, IIIhttp://www.blogger.com/profile/04364694465614330540noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-7806136543904112143.post-60214282107831499532010-07-27T19:45:09.119-05:002010-07-27T19:45:09.119-05:00M - Sounds good to me.
ckmM - Sounds good to me.<br /><br />ckmCharles Kingsley Michaelson, IIIhttps://www.blogger.com/profile/04364694465614330540noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-36627187303370584942010-07-27T19:29:53.673-05:002010-07-27T19:29:53.673-05:00CKMichaelson,
All public corporations work on the...CKMichaelson,<br /><br />All public corporations work on the principles I've outlined previously. That's why it's so important for them to develop their "brand". Their "brand" is really their credit rating. But when these corporations cannot pay their creditors (i.e., their owners), not even their "brand" will help them. I think that's something to consider, and something worth pursuing. Raise the taxes on the corporations, apply punitive fines on them for their poisoning of people and the environment, and watch them go extinct.Anonymoushttps://www.blogger.com/profile/11132252460964519368noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-61191437859760639862010-07-27T18:28:16.109-05:002010-07-27T18:28:16.109-05:00OkieLawyer - I didn't have the one-man corpora...OkieLawyer - I didn't have the one-man corporation in mind - but that example is based on fraud... <br /><br />Metuselah - My frame of reference was large corporations - most of whom don't really pay any corporate taxes anyhow. But at base, all businesses get their money from the customer. There is no other source. If the customer does not think their product - including all the costs necessary to produce it and keep on doing so - is not worth the cost, then (according to my conservative capitalist friends) they shouldn't be in business anyway.<br /><br />ckmCharles Kingsley Michaelson, IIIhttps://www.blogger.com/profile/04364694465614330540noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-32914276794013578822010-07-26T20:09:40.761-05:002010-07-26T20:09:40.761-05:00CKMichaelson,
Yes, they will pass on the cost, bu...CKMichaelson,<br /><br />Yes, they will pass on the cost, but at a certain point that will simply kill off demand. What you seem to have forgotten is, corporations are really nothing more than an arrangement in structuring debt. When the corporation cannot service the debt and cannot pay back the shareholders and bondholders in a timely manner, their credit and lifeline is gone. And it doesn't take much to cause that to happen. :)Anonymoushttps://www.blogger.com/profile/11132252460964519368noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-87793297135840331142010-07-26T20:04:28.433-05:002010-07-26T20:04:28.433-05:00OK, CKMichaelson, how would you rectify a corporat...OK, CKMichaelson, how would you rectify a corporate owner who uses the corporation to pay all of his or her living expenses (home, transportation, travel, food, etc.) in terms of collecting taxes assuming we eliminate corporate tax rates? (Leave aside the <a href="http://en.wikipedia.org/wiki/Piercing_the_corporate_veil" rel="nofollow">liability aspect</a> of this arrangement.)OkieLawyerhttps://www.blogger.com/profile/17071917464425173379noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-59845596642641283602010-07-26T16:50:05.460-05:002010-07-26T16:50:05.460-05:00Mətušélaḥ - Any company that would choose to go o...Mətušélaḥ - Any company that would choose to go out of business rather than the usual choice of passing on costs (and taxes are a cost) to the consumer, deserves to fail. But that would be, in recent experience, the rare entity. <br /><br />The shadow elite that "hold ownership and a controlling stake" in the state did not get their riches by paying taxes, but by passing on all their costs (and the marginal return required on their investment) to the consumer.<br /><br />ckmCharles Kingsley Michaelson, IIIhttps://www.blogger.com/profile/04364694465614330540noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-67502281310699812712010-07-26T15:41:46.820-05:002010-07-26T15:41:46.820-05:00RE: Extra Credit Question: Who Ultimately Pays th...RE: Extra Credit Question: Who Ultimately Pays the Corporate Income Tax? A: The same guy that ultimately pays all taxes, the consumer.<br />==<br /><br />I have to disagree. If you make the Corporate Income Tax high enough, it will cut into profits. And if you make it higher still, it can mean survival of said entities. And then who pays for it? It is the banksters and the shadow elite that hold ownership and a controlling stake in the fascist/corporatist paradigm. Which is fine by me.Anonymoushttps://www.blogger.com/profile/11132252460964519368noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-91137863013805540212010-07-26T11:03:50.612-05:002010-07-26T11:03:50.612-05:00RE: Fifty-Fifty & Puzzle:
Kind of a contradic...RE: Fifty-Fifty & Puzzle:<br /><br />Kind of a contradictory opinion there. It doesn't end well but spend more anyway. <br /><br />RBMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-73734219677468277692010-07-26T10:40:03.507-05:002010-07-26T10:40:03.507-05:00"The US government, facing a $1.47 trillion d..."The US government, facing a $1.47 trillion deficit, is borrowing 41 cents of every dollar it spends. This does not end well."<br /><br />Ah crap...Dinknoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-7615339338325934252010-07-26T08:51:02.268-05:002010-07-26T08:51:02.268-05:00rjs - Yes and no. The unreality comes mostly from...rjs - Yes and no. The unreality comes mostly from so much of the "same old same old" - little changes were made in any of the big, big items. We have this amazing ability to focus on the recent, ignoring the larger and more important that are - relatively - just around the corner.<br /><br />And looking at the results, 200 years on - of a failed empire (not to mention decades of dictatorship and centuries of the Church) doesn't put one in an overly optimistic frame of mind.<br /><br />One observation on returning: In one turn around the local mall I saw (in no particular order)more children, more blacks, and far more obese people than I did in two full weeks in Portugal. <br /><br />It was the absence of children that was the most remarkable.<br /><br />ckmCharles Kingsley Michaelson, IIIhttps://www.blogger.com/profile/04364694465614330540noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-23583146829081654092010-07-26T07:51:03.861-05:002010-07-26T07:51:03.861-05:00it's all even more unreal after you've bee...it's all even more unreal after you've been away from it for a while, isnt it?rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.com