[QUOTE=Fear Itself]
All the little people should realize the stock market is a risky place to put your life savings, and maximizing the return on their investment must share priority with other societal needs.
[/QUOTE]
You’re wrong. In fact, the entire reason people invest is to maximize their return. Do they not teach economics in your junior high?
[QUOTE=Carol Stream]
You’re wrong. In fact, the entire reason people invest is to maximize their return.
[/QUOTE]
I understand that. But that desire is no argument against paying corporate taxes. Do they not teach ethics in your junior high?
[QUOTE=Fear Itself]
I understand that. But that desire is no argument against paying corporate taxes.
[/QUOTE]
No one is arguing against paying corporate taxes. They should be lower, though.
If you had any ethics at all, you wouldn’t be reaching into my pocketbook to begin with.
[QUOTE=Carol Stream]
If you had any ethics at all, you wouldn’t be reaching into my pocketbook to begin with.
[/QUOTE]
As I’ve already pointed out. This kind of rhetoric is phony and disingenuous. You’re the one who wants to reach into MY pocket to pay for your war. You have no moral standing to complain about a few cents being scattered to the peasants.
And as I said upthread, I’ll be more than happy to refund your 5 cents to you if it really bothers you that much.
[QUOTE=Fear Itself]
Oh baloney. I could whine that if it weren’t for corporate taxes, employees would have higher wages, and that would be an equally lame argument.
[/quote]
Not lame at all - quite true. Of course, if every corporate tax was lifted, the revenue has to come from somewhere, so the workers would probably have to pay higher taxes anyway. But at least the burdern is shifted to the unemployed as well.
Again, perfectly true, and I don’t see your problem with that reasoning. All of those involve tradeoffs between desirable things and lower prices (and of course unionization has another axis of tradeoff - unemployment). But most of the time, as with environmentalism, individuals are called upon to sacrifice as well, which links burden on corporations with burden to individuals. With the corporate tax, we’re being asked to imagine that nobody but Big Evil Corporations suffers for it.
…which doesn’t mean that we should tax 'em just because “they were asking for it.” Let me put it this way - do you think investors should be taxed twice? If so, what makes them so much more undeserving than noninvestors?
“Deservin’s got nothin’ to do with it.”
Ever heard of a fella called Willie Sutton?
Seems to me like Jesus pretty much said you should die broke 'cause you gave so hard. I think you can render unto Cesar what is Cesar’s here, especially when it goes to those who are less fortunate. Like myself.
[QUOTE=athelas]
Let me put it this way - do you think investors should be taxed twice?
[/QUOTE]
No one has presented any convincing argument that corporate taxation amounts to double taxation. It does not.
[QUOTE=Carol Stream]
TYou don’t believe in Jesus, so why do you care whose side He is on?
[/QUOTE]
Everybody wants Jesus on their side. And science. Jesus and science. Yeah, that’s the ticket.
[QUOTE=nameless]
I think you can render unto Cesar what is Cesar’s here, especially when it goes to those who are less fortunate. Like myself.
[/QUOTE]
nameless, why do you hate America? A real American would call for his assassination. 
[sub]This is sarcasm. Please don’t hurt me.[/sub]
Robin
[QUOTE=Oregon sunshine]
I laugh at the folks who bitch about giving a poor family $300 when the government hands billions of dollars to big businesses which usually do not much more than cause pollution and rip us off.
[/QUOTE]
I agree, let’s cripple big business. I think putting more restrictions on them, cutting their profits and taking away their tax benefits will cause them to reduce prices, pay their employees more and stay in the country. Spot on!
[QUOTE=Fear Itself]
No one has presented any convincing argument that corporate taxation amounts to double taxation. It does not.
[/QUOTE]
Sure it does. As I explained above, the tax burden falls on owners, employees, and consumers. Most of us can’t help but be employees and consumers, but we do have a choice about our investing.
[QUOTE=Carol Stream]
You’re wrong. In fact, the entire reason people invest is to maximize their return. Do they not teach economics in your junior high?
[/QUOTE]
No, that is not the “entire” reason people invest. You may have learned economics in junior high, but it is not clear whether you have learned anything since then.
Why else would they? Please disregard if the thread cannot be other than a flame fest.
Regards,
Shodan
[QUOTE=Shodan]
Why else would they? Please disregard if the thread cannot be other than a flame fest.
Regards,
Shodan
[/QUOTE]
It’s pretty much a self-indulgent flame fest. But the question does have a serious answer. One invests to hedge risk, to create future income stream, to protect one’s cash position, and for myriad other reasons that are not, strictly speaking, “maximizing return”. Lumping all of these under the umbrella of maximizing return creates a useless tautology.
When and if I get my check, I’ll be writing another check in the same amount and sending it to:
Bureau of the Public Debt
U.S. Department of the Treasury
799 Ninth St. NW
Washington DC 20239
Just my own little way of countering the drunken-sailor budgetary practices of the Bush Administration. Hope you’ll consider doing the same.
[QUOTE=Maeglin]
It’s pretty much a self-indulgent flame fest. But the question does have a serious answer. One invests to hedge risk, to create future income stream, to protect one’s cash position, and for myriad other reasons that are not, strictly speaking, “maximizing return”. Lumping all of these under the umbrella of maximizing return creates a useless tautology.
[/QUOTE]
While I agree with your post, Maeglin, I could make an argument that each of these strategies indeed does seek to maximize return. Much might depend on how you define “maximize return”.
For example, if I have $20,000 cash today, and need it for college tuition in 6 months, I might look to put it into a CD maturing in 6 months. Despite the poor rate of return, I am maximizing my return within my risk profile (which in this case is no risk is acceptable). If instead “maximizing returns” simply means earning the greatest return, then I am not maximizing my return with the above strategy.
Some people invest not in order to see a personal return, but to support future development of that industry. I invest in R&D funds that are unlikely to return a profit to me. I have no children, so it will benefit no one in my family, but I hope it will benefit unknown future persons at large.
[QUOTE=susan]
Some people invest not in order to see a personal return, but to support future development of that industry. I invest in R&D funds that are unlikely to return a profit to me. I have no children, so it will benefit no one in my family, but I hope it will benefit unknown future persons at large.
[/QUOTE]
That’s the definition of “charity”, not “investing”.