Regarding the recent Washington Post article on El Senior (Guzman):
‘El Chapo,’ wanted drug lord, grows stronger in Mexico’s Sierra Madre
Having visited Juarez mexico is safer times (1970's) as a college studen buying inexpensive alcohol, it is haunting to see what the combined US/Mexico drug "industry" has wrought.
I recently read "Murder City": a bit of an incoherent rambling, but heart-breaking in its core message. skim it for yourself.
I am in my 50's. It will probably take another generation before any acceptable solution is found for this "war on drugs" and the "drug wars". thanks to progressive liberals like me, there will be recreational drug users like me. thanks to conservative fundamentalists, there will be no progress on drug laws to legalize, tax, and under-cut the organized criminals engaged in this industry.
so the "War On Drugs" -- which should be renamed to "status quo disaster" -- will continue to recruit young people looking to maximize their incomes and have them end up murdered. Nancy Regan told us to "just say no". I tell you: "just demand progress, and not more of the same unworkable tactics". Then people like El Senior Guzman will just fade away, and the tombstones will stop piling up.
I may not see this solution in my lifetime. Us old "sticks in the mud" must first die off to allow younger minds to bury us and make progress. Good luck kids; keep your minds open and thinking about alternate solutions. They say insanity is "doing the same thing over and over and expecting a different outcome". There is the "War On Drugs"; over and over and over....
Saturday, October 29, 2011
Saturday, October 1, 2011
A case for a corporate tax holiday
Our nation needs more revenue flow to create more jobs. With a very sick real estate market causing people to feel poor and spend less, the jumper cables are still not working and the battery is running low. Our FED is pushing on a string, and our country's leadership are just pushing on one other.
A "Tax Holiday" for corporate profit repatriation seems unethical and unnecessary. A reliable study of a past program says that such a holiday did not create jobs; that $1/$1 went to stock share buy-backs (increase of share price) and to special dividends. In other words, all the money got distributed to stock-holder investors.
Corporations will not repatriate unless they get a break, and so this money won't ever come back on shore unless something is done.
How about some "tax judo" to get jobs going? I think we should do two things with a tax holiday. Allow it to happen, but not make it free. Instead of a tax holiday, make it a "tax discount-day".
First, do not make repatriation tax-free. Make it tax-reduced. I'm not an expert to even list a percent. It is currently 35%. Don't make it zero percent. Some of this repatriation belongs to The People of the United States, who sweated to make this country free for corporations to become great.
I can argue that this should trigger another tax holiday: a tax holiday on middle-class wage earners, who are perfectly matched to trigger the exact kind of economic activities (shopping!) that will trigger job growth. For for every tax dollar in repatriation, reduce wage earner taxes temporarily by this amount.
The holiday also does not start until we get tax reform: eliminate the "Bush-era tax vacation" on the wealthy, so that when they get their corporate dividend and special distributions from repatriated profits, they have to give some of this to The People of the United States, again in the form of reduced taxes on the type of people whose activities create more jobs for their peers.
Let's get that off-shore money working for us. And let's not let that off-shore money just pass over our heads and get reshuffled.
A "Tax Holiday" for corporate profit repatriation seems unethical and unnecessary. A reliable study of a past program says that such a holiday did not create jobs; that $1/$1 went to stock share buy-backs (increase of share price) and to special dividends. In other words, all the money got distributed to stock-holder investors.
Corporations will not repatriate unless they get a break, and so this money won't ever come back on shore unless something is done.
How about some "tax judo" to get jobs going? I think we should do two things with a tax holiday. Allow it to happen, but not make it free. Instead of a tax holiday, make it a "tax discount-day".
First, do not make repatriation tax-free. Make it tax-reduced. I'm not an expert to even list a percent. It is currently 35%. Don't make it zero percent. Some of this repatriation belongs to The People of the United States, who sweated to make this country free for corporations to become great.
I can argue that this should trigger another tax holiday: a tax holiday on middle-class wage earners, who are perfectly matched to trigger the exact kind of economic activities (shopping!) that will trigger job growth. For for every tax dollar in repatriation, reduce wage earner taxes temporarily by this amount.
The holiday also does not start until we get tax reform: eliminate the "Bush-era tax vacation" on the wealthy, so that when they get their corporate dividend and special distributions from repatriated profits, they have to give some of this to The People of the United States, again in the form of reduced taxes on the type of people whose activities create more jobs for their peers.
Let's get that off-shore money working for us. And let's not let that off-shore money just pass over our heads and get reshuffled.
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