***Official Political Discussion Thread***

[IATT]

 

[tupac jordan]

 

[RustyShackleford]

Meh, Trump been making the choice not to see Tiffany for Christmas. Mans on a 27 year steak when it comes to that

Catch up Tony

 

[frank 7he t4nk]

And?

 

[tupac jordan]

Always listen to Dr. Fauci.

 

[RustyShackleford]

Always listen to Dr. Fauci.

Oh, you're trolling

Gotcha

 

[frank 7he t4nk]

Man wants us to believe Pfizer's vaccine =

The best way to inspire confidence about the vaccine is to give it to the entire NY Knicks roster.

Then pay other teams off, so the trash Knicks can make the playoffs.

When folk see that miracle, they will think Pfizer made a magical performance-enhancing elixir and will be racing to take it

 

[whywesteppin]

all I know is Biden is taking performance enhancing drugs and he was injected with the vaccine so it must be pretty powerful.

 

[whywesteppin]

but I thought the coffers were boomin b?

 

[mplsdunk]

The coffers should have saved more off their **** Amazon job.

oh wait... Amazon doesn’t pay taxes.

oh well, coffers can pull themselves up by their boot straps.

 

[biggie62]

The coffers should have saved more off their **** Amazon job.

oh wait... Amazon doesn’t pay taxes.

oh well, coffers can pull themselves up by their boot straps.

Honestly, within the tax code there is nothing Amazon does that is bad. If anything their massive capital expenditures allow them to get their federal liability almost near zero. But it’s just a timing difference. They get all the depreciation up front on certain assets than over 3 5 7 10 or 15 years. Honestly it tax rates go up, you wish you did the opposite.

the one thing Amazon and many other tech companies screw municipalities on are on the payroll tax credits. Those are insane.

Again what Amazon does to pay close to 0 in federal liability is just a timing difference, they will pay taxes when that reverses over time. Understand deferred tax liabilities and looking at their tax footnote within the 10K lays it out plainly. But honestly, unless you work on corporate taxes, it’s very easy to be tricked into thinking as if they are doing some massive scheme. Honestly, companies with high cap ex should be rewarded because it’s better than stock buy Backs or dividends for the common person. Now the other business practice that Amazon employs, I won’t defend, it’s down right predatory. But the cap ex and temporary tax deferral is nothing really special.

 

[RustyShackleford]

Rand Paul a clown because I remember when Al Gore said after we pay off the debt, America should have a rainy day fund, his jackass Daddy called Gore a socialist and demanded tax cuts

 

[rexanglorum]

I don’t agree with each and every aspect of MMT but the gist of MMT is correct and Rand Paul is wrong.

Sovereign countries with monetary sovereignty are not like households. There are no coffers that are full nor empty. Governments like the US “prints” the additional dollars on a spread sheet and that’s that. If the new money created outstrips available resources, you get inflation in that area. Otherwise, governments should spend. That’s especially true during a crisis such as this.

 

[had pants]

 

[had pants]

 

[had pants]

 

[wavycrocket]

 

[Based Jesus]

but I thought the coffers were boomin b?

Step 1: Cut taxes
Step 2: Complain there's no money
Step 3: ???

 

[Mark Antony]

Right on time with budget concern.

 

[IATT]

 

[IATT]

 

[Air Champa]

Just what we need.

More reasons to put people in jail in this country.

 

[Mark Antony]

Just like anything else they lack the education on, they really have no idea who these people are and would freeze if asked.

 

[whywesteppin]

can't include a single WASP in his list

but we know most of them are racist un-american traitors when you look at it closely

 

[IATT]