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Author Topic: $5 Trillion dollars in profits are "parked" overseas...Kentuck  (Read 1982 times)

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Offline CC27

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$5 Trillion dollars in profits are "parked" overseas...Kentuck
« on: December 14, 2017, 08:50:39 AM »
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kentuck (83,207 posts)


$5 Trillion dollars in profits are "parked" overseas...

...and the only way we can get them to bring that money back to America is to give them a very low tax rate on those profits??

Is that the limit of our imagination?

What if they voted to take away their tax breaks for moving overseas to begin with?

What if they offered no FDIC protection for any of their profits moved back to America?

What if they made agreements with these "island" nations to pay them to stop these corporations and wealthy individuals from hiding their money on their islands?

What if they put a tariff on all their products that they make with cheap overseas labor and then sells in the American market?

So, the only answer is to offer them a free ride to bring their money back to the protected shores of America??

https://www.democraticunderground.com/10029981663


God, you're an idiot.
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Offline BadCat

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Re: $5 Trillion dollars in profits are "parked" overseas...Kentuck
« Reply #1 on: December 14, 2017, 08:56:19 AM »
Typical lib, he thinks the government has a RIGHT to that cash.
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Offline SSG Snuggle Bunny

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Re: $5 Trillion dollars in profits are "parked" overseas...Kentuck
« Reply #2 on: December 14, 2017, 09:36:20 AM »
Marxism: where 35% of nothing is worth more than 20% of $5 trillion.
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Offline Old n Grumpy

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Re: $5 Trillion dollars in profits are "parked" overseas...Kentuck
« Reply #3 on: December 14, 2017, 10:59:03 AM »
kentuck, what if we send the bus to take you to gulag 23 for some reeducation :thatsright:
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Offline Ralph Wiggum

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Re: $5 Trillion dollars in profits are "parked" overseas...Kentuck
« Reply #4 on: December 14, 2017, 11:13:23 AM »
Wonder how many libs have smart tax accountants who park $$$ overseas?  Based on my experience, I'd suspect a lot of the more intelligent & crafty ones.
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Offline DumbAss Tanker

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Re: $5 Trillion dollars in profits are "parked" overseas...Kentuck
« Reply #5 on: December 14, 2017, 11:16:27 AM »
Quote from: Ralph Wiggum on December 14, 2017, 11:13:23 AM
Wonder how many libs have smart tax accountants who park $$$ overseas?  Based on my experience, I'd suspect a lot of the more intelligent & crafty ones.

So, basically nobody on DU, then...
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Offline SVPete

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Re: $5 Trillion dollars in profits are "parked" overseas...Kentuck
« Reply #6 on: December 14, 2017, 11:17:35 AM »
The money in question was earned outside of the US and has been kept there because of high US tax rates. kt's "solutions would simply make it more worth US companies' while to leave the US, taking thousands of jobs per company out of the US. There may be a one-time cost, as kt advocates, but it's a one-time cost that will be more than offset by decades of operating free of US government tyranny.

Obviously, this is beyond kt's ability to think. Libs & Progs seldom think beyond their intended effects to anticipate the immediate and long-term real life effects.
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Offline BadCat

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Re: $5 Trillion dollars in profits are "parked" overseas...Kentuck
« Reply #7 on: December 14, 2017, 11:46:48 AM »
Quote from: SVPete on December 14, 2017, 11:17:35 AM
The money in question was earned outside of the US and has been kept there because of high US tax rates. kt's "solutions would simply make it more worth US companies' while to leave the US, taking thousands of jobs per company out of the US. There may be a one-time cost, as kt advocates, but it's a one-time cost that will be more than offset by decades of operating free of US government tyranny.

Obviously, this is beyond kt's ability to think. Libs & Progs seldom think beyond their intended effects to anticipate the immediate and long-term real life effects.

And he doesn't see that the reason that $$ is overseas in the first place is due to overbearing regulations (put in by HIS beloved government).
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Offline BadCat

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Re: $5 Trillion dollars in profits are "parked" overseas...Kentuck
« Reply #8 on: December 14, 2017, 11:50:58 AM »
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Star Member democratisphere (5,504 posts)
1. Nothing is coming back HERE. The redumbliCON tax shill is based on

proven redumbliCON lies from previous tax shills. The debt isn't going to increase by 1 trillon; it will increase by over 2 trillion in providing corporate and wealthiest welfare. This is the craziest thing that has ever been concockted by our corrupt Congress.

You should probably learn to spell concocted before you call other people "dumb".
Stupid asshole.
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Offline BlueStateSaint

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Re: $5 Trillion dollars in profits are "parked" overseas...Kentuck
« Reply #9 on: December 14, 2017, 11:59:37 AM »
Quote from: BadCat on December 14, 2017, 11:50:58 AM
You should probably learn to spell concocted before you call other people "dumb".
Stupid asshole.

BC, all he knows is 'cock.' :whistling:
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Offline landofconfusion80

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Re: $5 Trillion dollars in profits are "parked" overseas...Kentuck
« Reply #10 on: December 14, 2017, 01:05:02 PM »
I'd figure the primitives would be more enthusiastic about getting their money back from that Nigerian prince.
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Offline I_B_Perky

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Re: $5 Trillion dollars in profits are "parked" overseas...Kentuck
« Reply #11 on: December 14, 2017, 07:13:40 PM »
Has anyone else noticed that back in the early 2000's the libs all railed against free trade and now the President Trump is against it cause the USA gets screwed the dummies are all for it?

Says it all. 
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Offline thundley4

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Re: $5 Trillion dollars in profits are "parked" overseas...Kentuck
« Reply #12 on: December 15, 2017, 04:26:06 AM »
Quote from: I_B_Perky on December 14, 2017, 07:13:40 PM
Has anyone else noticed that back in the early 2000's the libs all railed against free trade and now the President Trump is against it cause the USA gets screwed the dummies are all for it?

Says it all.

It's been a very long time since "free trade"  existed. It's been over since the US has had treaties with other countries. Evey since has been done under trade agreements or treaties.
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