In response to:

At the Fiscal Cliff I Cry "Jump, Jump, Jump!"

gmallast Wrote: Nov 13, 2012 7:36 AM
I agree. But Obama won re-election on such stupidity. Many people really think corporate profits are something taken from the workers rather than the means of financing both their jobs and the production of what they consume. Ignoring taxes, on average slightly over 80% of corporate revenue goes to people working and only 8% to profits. The rest is materials, interest, and other such odds and ends. So when taxes are raised on corporations it is obvious the biggest hit will fall on the biggest expense--labor. But with the majority of Americans contemptibly ignorant of economics and with academic economics in the hands of crackpots like "Helicopter". Bernanke, what do you expect?
SpaceVegetable Wrote: Nov 13, 2012 8:29 AM
So true. Most Americans have never run a business and really have no idea about all the expenses involved in doing so. The only number a worker cares about is salary, but there are so many expenses on top of that when hiring anyone, in addition to the simple costs of running a business. They don't get that every new regulation costs money for compliance and that all those office supplies they "borrow" actually cost money. When you add up all these seemingly "little" expenses, it's ends up being quite a lot. Liberals are math-challenged, though, so I don't expect them to understand it.

The most expensive tax in the history of the world has been proposed by the Obama administration and to hear them tell the story, you’d think the rest of us should be grateful.

“We want to create a global minimum tax,” said vice president Joe Biden, “because American taxpayers shouldn’t be providing a larger subsidy for investing abroad than investing at home.”

A global minimum tax is a tax on all profits made by nominally US companies that operate overseas. They operate overseas for various reasons, but one big reason is because corporate taxes are higher in...