@JudyStroyer-bk6fb not false, a quick look at the U.S. Department of Commerce shows Q4 2023 profits at +9.8% INCREASE at 4.3 TRILLION dollars, which, btw are the highest they've EVER been. A killing.
Watched part of the Berkshire Hathaway meeting where Warren Buffett said “Our company is in the top 800 US companies and we paid 21% taxes. I have no problem signing the check for five billion because America has made this possible. If one day they need more to lower the deficit, I’ll sign that too. If the other 800 companies paid what they should there would be no need for individuals to pay any income taxes.” He got a big round of applause for the shareholders.
OHHH, top 800 *companies*. That makes more sense. Someone in another thread was misquoting it as "if all American billionaires paid...", which coincidentally would also be about 800 individuals. The difference is, the top 800 companies may actually be able to pay enough tax to cover the US budget, whereas the US's ~800 billionaires couldn't cover a single year with a 100% wealth tax
if companies PAID employees appropriately, then income tax would not be such a burden. The enormous profits are coming from somewhere - they are coming from ripping off every single one of their non-executive employees
One of my favorite questions to ask my MAGA friends about what they liked about Trump. Almost every one of them would say "his policies" and when I asked to elaborate, no one could give me a straight answer.
@@merlin49100 Donald Trump spent years telling you he was going to build a wall and then he couldn't get it done... DONALD TRUMP COULDN'T BUILD A WALL. That's your guy.
Exactly this! I'm not sure what he doesn't understand about how tariffs work. That's like basic elementary school knowledge. I guess this is why every business he's ever owned has failed in and he's filed bankruptcy seven times.
Because that's half the story. He was repatriating businesses and encouraging bringing back the manufacturing base to the US. They don't tell the whole story. He was largely successful and even brought in foreign companies to invest on US soil 🤭
@@aheroictaxidriver3180Trump and Republicans say raising min wage would drive up inflation. Fed min wage hasn't gone up since 2009. CEO pays up 60% since 2009. Who's pay is really contributing to higher prices.
Hey , I really like your profile picture and if you let me, I would make such an amazing mural out of it! If you don’t mind one of your post could be my inspiring muse for an art project i’m working on for a client. You will totally get paid for it as well as a bonus also get credits. I was thinking about using this your picture from your profile for the art piece if that’s fine by you?
Trump said the 14th Amendment does not apply to him, because the oath he took was not to our Constitution. Trump's argument is that the presidential oath does not require a president to support or defend the Constitution. YIKES!!! Let that sink in for a moment..
Have you read Project 2025? He plans on doing away with that pesky constitution. Also getting rid if the Department of Education, LGBT rights. BidenHarris2024 💙
You can only blame inflation on the pandemic for so long. A lot of corporations are gouging the public on necessities. That's where the government could step in.
I’m so deeply tired of Trump and his daily BS. I look forward to the day when his name is forgotten. Get to the polls in November and put an end this grifter’s destructive, toxic agenda once and for all.
@@davidwelsh8026Trump lies so much and makes so many stupid comments, it’s hard for them not to report about him and his crimes. Tune in to FOX for 24/7 Trump propaganda, to make yourself feel better about supporting the huge failure that Trump is. A documented failure.
Man, corporate greed is a catchphrase. Corporations do what corporations do. Would you be that angry at a rattlesnake that got you? I mean, biting stuff is what they DO.
It is inflation, but that is CAUSED BY corporate greed. Supply and demand pushed prices up a little and the corporations thought it was a great idea to hike prices by a huge amount and blame "supply chain issues". If it was just that they would not be posting record profits while sales of so many goods are down, either due to unavailability or unaffordability.
A vote for Joe Biden and anybody who tells you to is voting for more misery , they don’t care about the USA or its citizens . Voting an old man with decreased cognitive function , whose admin is doing the worst job in American history , is selfish and ignorant decision . We’ve let the government , who we elect to serve us as we asked , to take us over . save the USA . Vote trump 2024 ! Take our country back !
wrong- its the result of .too much money in system when the system was taxed by the epidemic. - if the cash was not infused might have created a much worse depression if money was not available and people feared that there savings would be used up , during the crisis. Also the rate of interest was too low to increase economic growth, which needed to be right sized to improve the stability of financial system if another crisis would occur. sure wall street appears to be doing well , no one is complaining about job market being robust that employment opportunities are available. Or that the markets are doing well so you can rebuild your savings for retirement.-after viral crisis,
Of course he would eliminate income tax; this is the guy that has gone bankrupt several times, evaded paying taxes, and since he has many properties that generate income, therefore are taxable! Grifters gotta grift…
Trump and Republicans say raising min wage would drive up inflation. Fed min wage hasn't gone up since 2009. CEO pays up 60% since 2009. Who's pay is really contributing to higher prices.
@@Slushyslushy100 and you do? You will never admit that corporate greed exists will you? It is always the fault of the citizens, never the greed of the rich and the rich corporations.
@@mattie3595 If he didn't mishandle it....he wouldn't have had to spend it. Obama had a pandemic (H1N1)...and the outcome was much different. AND that pandemic ORIGINATED in the US. STOP with the excuses. djt is a FAILURE.
A goods and services tax replacing income tax means the lowest income earners, who live pay check to pay check and those on welfare would be paying the highest tax rate proportional to their income than wealthier people who are able to save. It's like Robin Hood in reverse.
Canada refunds GST quarterly to people in lower income brackets. That still requires people to pay it up front, which is difficult for those barely getting by. Conservative party introduced GST. Liberal party implemented the refunds.
@@lousialb8962 Increasing corporate tax rates to the boom era of the 1950's would still see the ultra wealthy able to afford their exorbitant lifestyles.
Okay, I see most of your points here except you missed something. Most of that 10% isn't inflation, it's called gouging! Start calling it what it is! Cost of manufacturing has mostly gone back to pre-pandemic levels and yet corporations are charging us more for less.
Everyday Traitor Trump says exactly what he means, and Traitor Trump does not care about America, The Constitution, Democracy, or Americans in general! THAT IS A FACT!
Since >50% of inflation has been corporate profit (GREEDflation), it's really companies saying "I don't care about you, I just want you MONEY" Dems say we should reign in megacorps, Ratpublicans thing we should let megacorps walk all over us. They have, so I'm voting blue.
The rich are already taxed. They just know how to use the complicated tax code to their advantage to legally avoid or defer paying taxes. The only real way to get them to "pay their fair share" is to abolish the IRS and federal income tax. Establish a flat sales tax, and the rich who buy more things will pay more in sales tax than the poor who don't buy as many things.
We can fix everything if we give wealthy people another big tax break. Better yet we can give them large cash payments so they can buy yachts keeping yacht workers employed. It is important to help wealthy people because they don't know how to look out for themselves.
@@JudyStroyer-bk6fb What do you think has been goin on for the past couple of years. It's now down to 3.4%, better than most EU countries. Corporations will continue to gouge if left unchecked (shrinkflation ring a bell?).
@@JudyStroyer-bk6fb President Biden has been doing everything he can to address inflation. It is also a part of the corporations price gouging while they continue making record profits. While us middle and lower class spin our wheels trying to keep our head above water, they are making RECORD profits. Not just profit, but Record profits, and it's been going on for several years, even through the pandemic when everyone had to tighten the belt. Not them. Never---they still made record profits.
@@gregtarris9057 The prices will continue to go up. That's the trend we're on. There are no signs of price hikes slowing down. Inflation is still well above the target. And labor costs are rising. When the elderly couple who owns and runs the local flower shop has to give their employees $5 an hour raise, And they see their property tax increase, And Is their material costs increase, And their utility costs increase, the only obvious next step is to increase prices. That's just what you have to do to remain in business. You're only seeing the end results and that is your problem... You just want to blame the rich because that's easy and requires no critical thinking..... You're not even looking for the root cause..... And until you address that everything else is just noise.....meaningless worthless noise.... you have to get to the root of the problem... So you just have to look at what costs have increased for companies.... Then you need to figure out why...... Then come back and talk to me.....
@@JudyStroyer-bk6fb Thank you for the elucidation. Given that I have worked in finance for 30 years where I raised more than $3 billion for companies and governments, I think I learned a little bit about input costs, margins, profitability and the root causes of financial problems including inflation. --Really appreciate your input.
The discord he's pointing out is real. I manage a restaurant, and people love to talk politics. It's crazy I'm in Oklahoma and people don't know Langford's Republican border policy was not passed because of a trump media message. Sad. That's how this Republican party submits to trump and refuses to pass a bill from their own party. Yikes
It's bigger disapproval than they can comprehend.... It's like the poll must have asked do you approve, disapprove, or do you contempt.... Then they didn't publish the contempt percentage. They have absolutely no concept of how bad people dislike Biden and everything that's happening under him.
I too live in Oklahoma, it’s tough being a blue dot in this very red state. So sad to watch people who barely survive on Social Security supporting a conman that can’t wait to take their only income away.
The bill wasn't past because it wasn't a border security bill, It was an immigration reform bill. We don't want Immigration reform... We want the border sealed.
It's GREEDFlation. Trump and Republicans say raising min wage would drive up inflation. Fed min wage hasn't gone up since 2009. CEO pays up 60% since 2009. Who's pay is really contributing to higher prices.
The average working class American has to pay 20% on a $16.00 per hour salary (That's $3.20) giving the worker $12.80 hourly take home pay. President Biden plan to tax the rich at 30% + hardly impacts the hourly salary of most American CEO's whom earn in "one hour" what 3 of their average employees may earn in "one year" combined. Yet, trump continues to want the rich to keep earning even more money, by paying less taxes, that never trickles down to the poor because it's too expensive to be poor.
@@ajspice Factor in that companies "lost" income during the pandemic and then jacked prices to compensate for their losses as things opened up. For one example, vehicle prices were inflated by over $20K on some models- "due to demand".
The corporations DID raise prices yes, but that was BECAUSE of the Pandemic. During the Pandemic, sales for all but the most essential goods ground to a HALT, no cars, no phones, no jewellery, basically anything that wasn’t food, drink, medicine or cleaning products, STOPPED being sold for the lockdown period. All that money spent making those products that did not sell, down the drain… so when the pandemic wound down, and the global market opened up again, companies jacked up prices to make up the shortfall, and had justification to do so, due to increased demand for their products. So YES, the Pandemic ABSOLUTELY contributed to this high inflation… now there are other factors, but the data speaks for itself, inflation SHOT up the moment the pandemic hit.
@@ajspice Catalyst in that was a solid excuse for the corporations to raise prices far beyond what it actually needed to in order to maintain current profit margin? Yes. Prices had to go up. They didn't have to go up this much.
@@JudyStroyer-bk6fb it's not. inflation tracks pretty closely with s&p revenue growth and appreciably lags recent s&p profit growth. meaning, just in case your position is somehow the result of honest error, that increases in prices paid by consumers *are not attributable* to increases in the cost of producing goods and services.
@@JudyStroyer-bk6fb That's the official MAGA line. It's not true, like 99% of everything they say. Please get your information from a range of sources, not just the Fox Propaganda Network.
@@theupson The dollar is worth less than it was. When you were just for inflation profits are not up very much except for a few companies. and "tracking pretty close to inflation" Doesn't mean anything because we have never seen inflation anything close to this. It's completely unprecedented.
@@JudyStroyer-bk6fbSo was the supply and demand issues during the pandemic. Big corporations are making a lot of money from the tax cuts for the wealthy. TFG’s economic plan of cutting taxes for the wealthy didn’t create enough new jobs to boost the economy. That’s what the data from his presidency shows.
It is truly astonishing to consider how the actions of a single individual can have such a significant impact on a vast number of people, totaling 334,233,854 million. In many countries, including the US, a person found guilty of committing a single murder typically faces severe consequences such as a lengthy prison term, life imprisonment, or even capital punishment. In this case, the loss of five security guards due to the actions of an individual like Trump would ordinarily equate to a potential penalty of five life sentences in prison.
@@JudyStroyer-bk6fb man are you a tool of the establishment! I don't know how you can say something so ridiculous? You're telling me that the man was so great when McDonald's revenue was going down, then it was demand that raized french fries the seven dollars What is wrong with you people who hate your fellow citizen in this country so much that you're willing to spew this nonsense on behalf of the elitist
@@JudyStroyer-bk6fb as soon as they start printing money with a trickle-down supply, supply and demand for goods and services went out the door. People are being gouged and yet there's people like you repeating nonsense because you don't give a crap about this country! In a free market system yes supply and demand would be in play. You're saying supply was so great that McDonald's had to raise their fries the $7?
Any tarriff on foreign products will also raise domestic product prices - if you are Ford and BMW prices go up 10%, guess what, Ford will go up 9.9% just because hey, the Ford would still be 'cheaper'. Tariffs are dumb dumb ideas - simply ideas for simple people who don't think more than one move at a time
Yeah, I get the impression that this is was just him proposing just a random idea that popped into his head without even the interest in trying to understand the broader impact of such a decision
@@evolutionistheflyingspaghe2702obviously you’re letting your love for Trump get in the way of common sense I bet you just can’t wait for Trump to take away your health insurance 🤔🙄
Look at what Trump's tax breaks and exemptions for corporations did. It was supposed to trickle down in the form of lower product cost and increased wages. Instead what we saw was the exact opposite and the corpos basically had carte blanche to do as they pleased. Even firing older employees to hire newer ones at lower wages to do the same work.
@@JudyStroyer-bk6fbquestion: do you *honestly* believe that tariffs can completely replace income taxes, and more to the point, are willing to absorb the spike in prices *across the board* that will result from slapping tariffs on everything imported to the US?
Gee. Did you just pee your pants or realize the tax law allows individuals to have tax strategies across the country by all individuals to mitigate tax. And did you also know those that are getting tax breaks create 1000000’s of job and work much harder then you could ever get you head around. They create the economy and create a massive tax base. Small brains get brainwashed by the propaganda so easy.
@@davidwelsh8026 Trump isn't going to show up for a debate. Just like he didn't testify on his own behalf for his trial. All bluster, no substance. Story of his ENTIRE LIFE
@@davidwelsh8026 You really are a fool. But you watch old Joe smoke old felonies trump. Trump turns 77 and he's over weight does not exercise, so when orange Jesus sucks his last breath before Joe Biden. Remember who told you so!
1925, Coolidge passed massive tax cuts for the rich. 1929, hyper inflation and economic collapse, the Great Depression. 1981, Reagan passed massive tax cuts for the rich, 1986, hyper inflation and two recessions. 2003, Bush passed massive tax cuts for the rich, 2008, hyper inflation and economic collapse, the Great Recession. 2017, Trump passed massive tax cuts for the rich, 2022, hyper inflation and we’re at the precipice of another economic collapse.
MOST FAMILIES WOULD HAVE TO PAY 1,500,000 FOR INCOME TAXES!!! Those of you in MAGA (and not rich)! If THIS, the chance of losing ALL YOUR MONEY, doesn't convince you to NOT vote for for Trump, I don't know what 🤬-ing will!!! If not for America's sake, at lets vote true & blue for your wallet's sake! 😭💵😭
If Trump was IN that photo at 0:13, HIS rank would be OVER NEGATIVE NINE THOUUUSAAAAND!!! (Or should that have been under with negative numbers? Eh. As long as people will get the reference.)
@@JudyStroyer-bk6fb In exchange for what? That's the part folks are not understanding. People are so WOWed by the free toaster, that they miss all the increased bank fees rapidly draining their account. And they honestly thought the bank was being "so nice"?!
Our government doesn't have the power to stop corporations from overpaying their top employees. All it can do is increase the marginal tax rate to make getting those raises not worthwhile. It's the shareholders who should have the power to stop corporations from over paying those top executives; government might be able to help with that.
The United States levies an illegal tariff on Canadian softwood to protect an inefficient US lumber industry. The result is that every single home, in the entire continental US, pays $9,000 per house than they have to. Canada continues to take the US to GATT and the US continues to lose and pay Canada. The effect is that US Tax payers pay directly to support the US industry. That's the effect of imposed inflation that Trump is proposing. Sometimes is needed, but across the board will devastate the US economy.
Yes. That is what the Republican Party wants. Everyone who is not rich will be reduced to serfdom. It is their oligarchical dream. But I also agree with you that tariffs can sometimes make sense, especially in trading with countries that have very low levels of human rights, worker rights, worker safety, and public health.
@@JudyStroyer-bk6fb America first works for some sectors but are very costly in others. Trump is talking about across the board tariffs. A policy like that would cripple the economy, no question.
TSK TSK, THAT GOES TO SHOW YOU, "DON'T LET THIS SORRY EXCUSE FOR A HUMAN BEING CLOSE TO THE PRESIDENCY. LOCK HIM UP WITH THE REMAINING CHARGES. CHARGE HIM AS A "REPEAT OFFENDER" ENHANCED SENTENCING
Wrong!! Democrats have been attempting to raise taxes on the uber wealthy and corporations for ages. Repucklicans won't budge on these proposals let alone even discuss them!
@@JudyStroyer-bk6fb It absolutely is. Pricing of all goods has skyrocketed without reason. All you need to do is look at how corporate profits and executive pay is rising, and the corporations are doing nothing more than raising prices.
@@Ann963 It's very little of the price gouging because there's actually laws against that and agencies that provide oversight.... It's insignificant by comparison to the price hikes due to energy costs and inflation..... Those costs are going to be passed under the consumer.... Companies are not going to absorb those costs unless there is no other option for them....which is wise on their part
@@TA_Plus_Hemi Because he's not a candidate for president or in a position of policy making. Therefore, he can drop dead or win the lottery, I don't care.
Well, it's why it wants to do it. He wants to benefit and give those benefits to the wealthy, his donors. Mr Hayes seems so surprised. Why? Why would he be surprised at n'importe quoi coming out of that mouth? Gosh.
The Trumpster hasn't consciousnessly confronted his own immortality and thinks, in some sort of self-deluding miasma, he's going to live forever and has plenty of time to unveil his grandiose scheme, with himself as the immortal pharaoh of America.
Hey Dennis, I really like your profile picture and if you let me, I would make such an amazing mural out of it! If you don’t mind one of your post could be my inspiring muse for an art project i’m working on for a client. You will totally get paid for it as well as a bonus also get credits. I was thinking about using this your picture from your profile for the art piece if that’s fine by you?
