When Will the Economy Improve?

[ACCT]

The ACA tax has not taken effect yet, and even when it does,it will only effect those who can pay for health insurance but choose not to.

Yes, Obama raised taxes on some things, but he also cut taxes-like the payroll tax that benefitted a huge number of working Americans. Some of the campaign rhetoric is just plain false when you check the actual records.

Reagan raised taxes too, because he knew that sometimes It’s the right thing to do. Government is not a business and you don’t run it lke one. You’re not in it to make a profit. You’re in it to make sure the citizens are safe, educated and healthy because that’s how you have a strong nation.

Fraud! Obamacare was sold using fraud. (Fraud is the intent to deceive.) The administration sold Obamacare as something different than higher taxes. However, there are 21 new taxes associated with Obamacare, according to the House Ways and Means Committee. The list of lies is long and growing.

There will be higher unemployment because of Obamacare. That is what happens when people who have never run a business make the rules. Why do I need this socialist government? Give me economic freedom!

 

[Seeker1961]

Fraud! Obamacare was sold using fraud. (Fraud is the intent to deceive.) The administration sold Obamacare as something different than higher taxes. However, there are 21 new taxes associated with Obamacare, according to the House Ways and Means Committee. The list of lies is long and growing.

There will be higher unemployment because of Obamacare. That is what happens when people who have never run a business make the rules. Why do I need this socialist government? Give me economic freedom!

good luck with the move…since according to your definition you’ve been living in a socialist government since the imposition of public education.

 

[ACCT]

good luck with the move…since according to your definition you’ve been living in a socialist government since the imposition of public education.

The United States was a 100% free market economy for 150 years. Those were the golden years of wealth accumulation by the average U.S. citizen. The U.S. followed the free market principles laid down by the economist, Adam Smith in 1776 and the founding fathers.

Even public education, which was started by Horace Mann in the mid 1800s, was truly public, unlike today. Local parents ran the public schools. There was no nationalization of the public schools by both state and federal departments of education.

All of that thinking changed with Marx and the Russian revolution in 1917. Little by little the U.S. and the world changed into a socialist state. Additionally, our morals declined, as evidenced by WW1 and WW2. Today we are in dire straits.

I look forward to a new free market economy. You have your chance to show your moral courage against the oppressive socialist Obamacare in the November elections. Vote all of those politicians who supported Obamacare out of office!

 

[Jeanne_S]

The United States was a 100% free market economy for 150 years. Those were the golden years of wealth accumulation by the average U.S. citizen. The U.S. followed the free market principles laid down by the economist, Adam Smith in 1776 and the founding fathers.

Even public education, which was started by Horace Mann in the mid 1800s, was truly public, unlike today. Local parents ran the public schools. There was no nationalization of the public schools by both state and federal departments of education.

All of that thinking changed with Marx and the Russian revolution in 1917. Little by little the U.S. and the world changed into a socialist state. Additionally, our morals declined, as evidenced by WW1 and WW2. Today we are in dire straits.

I look forward to a new free market economy. You have your chance to show your moral courage against the oppressive socialist Obamacare in the November elections. Vote all of those politicians who supported Obamacare out of office!

 

[mary_bobo]

When we start making the things we need in the U.S. again.

When we create a more business friendly government. Tax on business is the highest in any country. Even those European countries in trouble are beginning to see the light. We are swimming upstream here.

 

[Seeker1961]

When we create a more business friendly government. Tax on business is the highest in any country. Even those European countries in trouble are beginning to see the light. We are swimming upstream here.

Sorry-not true. US efffective corporate tax rates in 2011 were 12.1%, hardly the highest in any country and a 40 year low for our country. The only first world country that has a lower effective corporate tax rate is Germany. Canada and the UK are both higher.

 

[stinkcat_14]

You have your chance to show your moral courage against the oppressive socialist Obamacare in the November elections. Vote all of those politicians who supported Obamacare out of office!

Where were you when George Bush added prescription drug coverage to Medicare? That was nothing but socialism, but few had the moral courage to stand up to it.

 

[Seeker1961]

Where were you when George Bush added prescription drug coverage to Medicare? That was nothing but socialism, but few had the moral courage to stand up to it.

and cutting taxes at the same time added the cost for that entire plan to the Chinese Credit Card.

I liked that plan, but we needed to raise taxes to pay for it. Same with the two wars, taxes should have been raised to pay for them.

 

[stinkcat_14]

and cutting taxes at the same time added the cost for that entire plan to the Chinese Credit Card.

I liked that plan, but we needed to raise taxes to pay for it. Same with the two wars, taxes should have been raised to pay for them.

Personally I think there are few things less moral than starting a war and making future generations pay for it. Perhaps we would have fewer wars if we had to actually pay for them as we go.

 

[austenbosten]

When will it all end? When will there be a better day?

Not for a while. And not until the U.S. wakes up and smells the coffee and realizes it will not be immune to a sovereign-debt crisis and that our leaders are also embarking down the wrong path, trying to socially engineer a solution through tax-and-spend measures, through class warfare, and more.

January 20, 2013…*if we elect Mitt Romney.
*

 

[Non_sum_dignus]

When will it all end? When will there be a better day?

Not for a while. And not until the U.S. wakes up and smells the coffee and realizes it will not be immune to a sovereign-debt crisis and that our leaders are also embarking down the wrong path, trying to socially engineer a solution through tax-and-spend measures, through class warfare, and more.

If the world ever decides to stop using the U.S. dollar as the world’s reserve currency, the situation we’re slogging through now will be the “good ol’ days”.

 

[stinkcat_14]

January 20, 2013…*if we elect Mitt Romney.
*

Actually, there is more than one wrong path and it is by no means clear that Mitt Romney will choose the correct path.

 

[austenbosten]

Actually, there is more than one wrong path and it is by no means clear that Mitt Romney will choose the correct path.

Well clearly Obama is not the path. Better to vote for a possible disaster than a proven disaster.

 

[cargau]

When the “job creators” start using those tax cuts they got during the last administration to actually create jobs…

Companies don’t hire because they get a tax break, they hire because they have a need and an opportunity. If consumers stop buying, corporations show a loss or at best a minimal profit. Tax cuts only work when profits are realized.

The fact is,someoftheprofitble organizations are sitting on cash but are reluctant to commit to growth measures due to the uncertainity of incompetent and ineffective leadership.

The economy will improve with new leadership and sound fiscal policies. My guess is that the economy will begin to rebound soonafter the November elections unless the voters in America opt to shoot themselves in the foot,yetagain

 

[Ridgerunner]

Sorry-not true. US efffective corporate tax rates in 2011 were 12.1%, hardly the highest in any country and a 40 year low for our country. The only first world country that has a lower effective corporate tax rate is Germany. Canada and the UK are both higher.

Averages like this don’t tells us a whole lot.

I would certainly admit that some companies like GE pay no taxes at all. Some of that is due to (in G.E.'s case) heavy investment in production facilities in China. Some of it is due to “targeted” deductions that only those who “pay to play” can have. Some of it is due to the fact that a lot of depreciation expense is delayed in a very large business.

But for most small and medium-size businesses, there is no investment in China, no “pay to play” and, if they have fully written off their past expenditures, they’re facing the highest corporate taxes in the world. Unfortunately, those are the businesses that hire most people in a recovery. They won’t hire or invest and fear even higher taxes, health insurance and energy costs, and interest rates on new investments, so no recovery.

 

[teeboy]

Can I hear an AMEN!

Yes.

 

[SamH]

Sorry-not true. US efffective corporate tax rates in 2011 were 12.1%, hardly the highest in any country and a 40 year low for our country. The only first world country that has a lower effective corporate tax rate is Germany. Canada and the UK are both higher.

Wrong again.

businessroundtable.org/uploads/studies.../Effective_Tax_Rate_Study.pdf

Effective US corporate tax rate is 27.7%

Among the companies on the Forbes Global 2000 list for 2010, U.S.-headquartered companies faced an average effective tax rate of 27.7 percent compared to a rate of 19.5 percent for their foreign-headquartered counterparts. Only five of the 59 countries in the sample had higher effective tax rates than these U.S.-headquartered companies over the 2006-2009 period: Japan (38.8 percent), Morocco (33.9 percent), Italy (29.1 percent), Indonesia (28.1 percent) and Germany (27.9 percent).

 

[austenbosten]

The economy will improve when the private market gets certainty. The constant “extensions” to the current tax code and numerous regulations and laws; does not help businessmen make decisions on hiring and increasing production, when in 12 months they will see their expenses go up.

When the government comes out and says “We are not going to meddle in the market anymore and we are not going to keep you uncertain over regulations and taxation” businesses will then wait for demand to rise and they will invest in production to meet the expected demand. Employment will go up, profits will go up, and GDP will rise.

 

[moon1234]

I’m going to learn to farm!

Ha Ha. I doubt you have any idea of how HARD it is to farm today. Did you think about the following:

• Buying land (most ag land is now north of $4000/acre and rent is around $300/acre per year)
• Seed Costs (they are not free)
• Fertilizer (Prices have quadruples over the last three years)
• Tractors and Equipment (You do know most tractors cost more than a luxury car if bought new right?)
• Operating Capitol (You have to pay UPFRONT from all of these things BEFORE you get your crop in the ground. Then PRAY you have a good year and get your money back plus a little more. NO crop, short of veggies, will make money in this country without government subsidies. Corn costs more to produce than it pays without subsidies.)
• Stress from worrying about all of the above.
• Money to live on when you have most of it tied up in crops.
• Pesticides (Herbicide, insecticide, fungicide, etc.)
• Working 12 or more hours EACH day.

People think farming is easy and the people who do it have a nice life. It is a HARD life and you have to LOVE doing it. For a family of four to survive farming you will have an investment of north of $600,000 before that happens. Most farms today are multi-million dollar operations and are only kept alive by the children being able to assume the parents farm.

Unless you are independently wealthy, you are NOT going to make a living farming. I wish it were not so, but land today is an INVESTMENT and that prices it out of the reach of most people who would like to FARM it and live on it.

My wife and I were given the opportunity to farm TWO acres of my parents property in veggies. This year we have not had rain for over TWO months. We have had to irrigate everything. Total (name removed by moderator)ut costs and operating expenses so far is well north of 10K.

We will be able to FEED ourselves, but that is about it, if the economy goes into the dumper. I still have my primary job though and that is paying all of the bills.

If the economy implodes, and it will, then people will REALLY be in a bind. Why do you think Homeland Security is selling armored personnel carriers and other military equipment to your local police station. They know that bad stuff is going to happen when the economy tanks and people can’t afford bills, food, etc.

We need to live within our means and get out of debt as SOON as possible. The bible tells us that the debter is slave to the lendor. Do YOU like being a slave?