4 ms·

Tax breaks, i.e. my money not being in your pocket means that they are stolen?

matwood 2y ago
Assuming the tax money has to come from somewhere at some point, those who pay taxes have to make up the shortfall from those who have tax breaks. So far the US just kicks that can down the road so...
- vtashkov 2y ago
  That is a big assumption. Tax money need not be a constant. But for the sake of following the same logic: if companies pay bigger taxes, they also have to make up the shortfall. Actually, this last one is much more accurate statement. Companies do not pay taxes, PEOPLE pay taxes. So taxes are paid either by the employees, the clients or by the owners (which in case of the big tech are generally common people). With high taxation you are hurting: the customers, the workers and the middle class saving for their retirement. Who is winning the tax money: state bureaucracy, corrupt politicians and the business around them, people who live like parasites (or rather are forced to live like that, because they are electoral power).
mattlutze 2y ago
Tax breaks, i.e. a company extracting wealth from a community without paying into the systems that keep all the parts of that community running, forcing the community to ultimate subsidize that business's weath extraction from them.
- _uxvx 2y ago
  Companies do not extract value, they create value which is then transferred to the people via the market through voluntary exchange (ideally). Where have you learned about those things? Oh, yeah, “community” , i.e. Marx.
  - high_na_euv 2y ago
    >Companies do not extract value, Oil and minning companies too?
    - _uxvx 2y ago
      Yes, before the resource is taken out of the Earth it doesn’t exist, it is created in a sense by them. Look at Venezuela - they are dying of hunger with all the oil in the world (Russia, too) But socialist ideas prevailed there and the bad companies are banned.
shoxidizer 2y ago
Tax breaks have basically the same effect as the government writing a check, increases inflation.
- vtashkov 2y ago
  This is utter nonsense. If 1000 people go to a deserted island with no government and taxation would that mean the inflation will be plus infinity or at least very high??? Inflation is monetary phenomenon, it happens when money is being printed.
  - shoxidizer 2y ago
    In that case there would be no inflation or deflation, assuming a fixed money supply and no economic growth. However, the the key here is that the government, the federal government anyways, is spending money regardless of the tax break. Anytime the government writes a check, that's a little bit more money floating around; anytime the government collects some money, such as taxes, there's that much less money to be had. Every tax break causes the money supply to increase more relative to if the tax break did not exist, causing more inflation (or less deflation, if that were the case). If the government spent exactly as much as it taxed, then there would be... actually deflation, because the economy is growing. This is the basics of fiscal policy. There's also the monetary policy, which is when the federal reserve does this on purpose. The general principle is the same, but instead it spends its money buying bonds and gets its money selling those bonds, and creates a bunch of rules about where banks keep their money so it always has some money on hand.
    - vtashkov 2y ago
      So, in this desert there would be no inflation or deflation, you say. Let’s say we use gold coins there. Wouldn’t we have an inflation if we find a gold mine there and everybody start digging up gold? You are missing the fact that the money printing is not driven only by government spending. It is driven primarily by the monetary policy (in the hands of the FED) and to some extent by the government debt. You have knowledge gaps on a very basic level. The idea that taxation stops inflation is absolutely ridiculous. It would mean that countries with low taxes have very high inflation and this is not the case. It would also means that the inflation should be constant and in struct correlation with the taxes. Both statements are completely false and very easily provable by quick fact check. The only things taxes do are: misplacing capital and stopping economic growth, which may be the same thing arguably

Assuming the tax money has to come from somewhere at some point, those who pay taxes have to make up the shortfall from those who have tax breaks. So far the US just kicks that can down the road so...

vtashkov 2y ago
That is a big assumption. Tax money need not be a constant. But for the sake of following the same logic: if companies pay bigger taxes, they also have to make up the shortfall. Actually, this last one is much more accurate statement. Companies do not pay taxes, PEOPLE pay taxes. So taxes are paid either by the employees, the clients or by the owners (which in case of the big tech are generally common people). With high taxation you are hurting: the customers, the workers and the middle class saving for their retirement. Who is winning the tax money: state bureaucracy, corrupt politicians and the business around them, people who live like parasites (or rather are forced to live like that, because they are electoral power).

mattlutze 2y ago

Tax breaks, i.e. a company extracting wealth from a community without paying into the systems that keep all the parts of that community running, forcing the community to ultimate subsidize that business's weath extraction from them.

_uxvx 2y ago
Companies do not extract value, they create value which is then transferred to the people via the market through voluntary exchange (ideally). Where have you learned about those things? Oh, yeah, “community” , i.e. Marx.
- high_na_euv 2y ago
  >Companies do not extract value, Oil and minning companies too?
  - _uxvx 2y ago
    Yes, before the resource is taken out of the Earth it doesn’t exist, it is created in a sense by them. Look at Venezuela - they are dying of hunger with all the oil in the world (Russia, too) But socialist ideas prevailed there and the bad companies are banned.

shoxidizer 2y ago

Tax breaks have basically the same effect as the government writing a check, increases inflation.

vtashkov 2y ago
This is utter nonsense. If 1000 people go to a deserted island with no government and taxation would that mean the inflation will be plus infinity or at least very high??? Inflation is monetary phenomenon, it happens when money is being printed.
- shoxidizer 2y ago
  In that case there would be no inflation or deflation, assuming a fixed money supply and no economic growth. However, the the key here is that the government, the federal government anyways, is spending money regardless of the tax break. Anytime the government writes a check, that's a little bit more money floating around; anytime the government collects some money, such as taxes, there's that much less money to be had. Every tax break causes the money supply to increase more relative to if the tax break did not exist, causing more inflation (or less deflation, if that were the case). If the government spent exactly as much as it taxed, then there would be... actually deflation, because the economy is growing. This is the basics of fiscal policy. There's also the monetary policy, which is when the federal reserve does this on purpose. The general principle is the same, but instead it spends its money buying bonds and gets its money selling those bonds, and creates a bunch of rules about where banks keep their money so it always has some money on hand.
  - vtashkov 2y ago
    So, in this desert there would be no inflation or deflation, you say. Let’s say we use gold coins there. Wouldn’t we have an inflation if we find a gold mine there and everybody start digging up gold? You are missing the fact that the money printing is not driven only by government spending. It is driven primarily by the monetary policy (in the hands of the FED) and to some extent by the government debt. You have knowledge gaps on a very basic level. The idea that taxation stops inflation is absolutely ridiculous. It would mean that countries with low taxes have very high inflation and this is not the case. It would also means that the inflation should be constant and in struct correlation with the taxes. Both statements are completely false and very easily provable by quick fact check. The only things taxes do are: misplacing capital and stopping economic growth, which may be the same thing arguably