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You went from stating the article is wrong, to saying that only smaller companies can take advantage of tax credits, threw in a red herring about all manufactur
by mikegioia 10y ago
You went from stating the article is wrong, to saying that only smaller companies can take advantage of tax credits, threw in a red herring about all manufacturing companies, and then wrapped up with reforming the tax code.
The mental gymnastics here are stunning, and to claim tax credits and deductions aren't a direct transfer of money is like saying a credit card payment isn't, since it involves an intermediary clearing step.
At the end of the day, this IS a direct transfer of money to an industry that not only doesn't need it, but needs to be TAXED out the a-- to prevent further destruction of people's well-being.
- barney54 10y agoNo it is not a direct transfer. This is not talking about a transfer from taxpayers to oil companies. It's about companies keeping money they made instead of paying that money in taxes.
- josh-wrale 10y agoDisparity in tax payments is a form wealth transfer, though I will agree it's not physical. The fact that it is not a physical transfer of funds is a sleight of hand. Edit: spelling.
- josh-wrale 10y agoAlso... https://www.google.com/search?q=subsidy&ie=utf-8&oe=utf-8 https://www.google.com/search?q=subsidy&ie=utf-8&oe=utf-8 sub·si·dy -- noun: subsidy; plural noun: subsidies 1. a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive. --and-- https://www.google.com/search?q=subsidy&ie=utf-8&oe=utf-8#q=subsidy+etymology https://www.google.com/search?q=subsidy&ie=utf-8&oe=utf-8#q=... sub·si·dy -- late Middle English: from Anglo-Norman French subsidie, from Latin subsidium ‘assistance.’