Brontoforumus

"the reports to date have said the Republicans want to shift to a territorial tax under which companies don't pay U.S. tax on their foreign profits. If this is true, their proposal will increase the incentive to shift operations overseas, or at least to have their profits appear to come from overseas operations."

"We should also be asking about the burden the government creates by granting patent and copyright monopolies. This presently comes to close to $370 billion annually (more than twice the debt service burden) in the case of prescription drugs alone. This is the gap between what we pay for drugs, currently around $450 billion a year, and the price that would exist in a free market without patents and related protections, which would likely be less than $80 billion. The full cost of these protections in all areas is almost certainly at least twice the cost incurred in prescription drugs."

atog wrote:OF course, who pays estate and gift taxes? Not people making less than 10k a year.

I mean I don't know what world you live in where cash is even an option.

Not to mention the fact that, like, for example, where I live my 'local' bank is literally a 54 mile round trip if I didn't want to use an ATM to get money.

Living in the country in the Midwest is crazy man.

Joxam wrote:I mean I don't know what world you live in where cash is even an option. Every company I've worked for locally (including my tribe) makes you take direct deposit or makes you sign up for a check card which they charge you out the ass for. Like, yeah, the intention is great, but that's just not how large swaths of "There are literally only a dozen places to work for in my area" America works.