Janet Yellen Proposes a Global Minimum Corporate Tax Rate
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LOL! What a filthy globalist whore. Dumb cunt wants to wring all the wealth out of America as much as biden does. Fukin traitors.
OP
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One argument Yellen can advance in her favor...
...is that Corporate taxes have been too low for a prolonged period and this may have been a major cause of the 2008 Financial Crisis.
The system became too unstable with the tax breaks the corporations and Elites got over the past 30 o4 40 years since Reagan. And they've been getting a tax holidy since that time.
Also, there was a lot of money laundering, corruption & an excessive concentration of wealth.
So even if the purpose isn't a social agenda, the tax increases may be needed to butress the world financial system & to stabilize it.
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That , of course, completely ignores the truth which was 2008 was a complete break down in lending standards. Full stop. The majority of the was allowing banks to lend more with fewer reserves (which later caused capital problems because they had insufficient reserves to cover all the failed loans) but another key part was governments requiring loans to politically important groups who were never in any way good financial bets for loans.
Notice how no e of that has anything to do with the brain dead and intellectually dishonest (not to mention untrue) claim about taxes on the private sector some how not being high enough?
Notice how no e of that has anything to do with the brain dead and intellectually dishonest (not to mention untrue) claim about taxes on the private sector some how not being high enough?
OP
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some of what say may be true, but it was also apparent that the Central Banks around the World (not just the United States) had to pump in billions of dollars to prop up the system to prevent it from collapsing. Therefore, there must have been a huge deficit which they failed to address.
so from the vantage point of stability, it can also be argued that if a rainy day fund had existed as a result of higher tax revenues, the world financial system would have been more reisistant and able to withstand shocks to it.
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A rainy day fund is interesting for a number of reasons but the direct cause was allowing banks to decrease theor reserves and lend more. The other direct cause was allowing banks to sell those very likely bad loans on to greater fools. Before Clinton's idiocy with banking regulations banks had to keep half of all loans they made on their own books so they were very careful about who they lent money to because it directly effected them if someone failed to repay. By allowing very likely to be bad loans to be sold on to greater fools banks no longer cared if a borrow cod repay because by the time that happened someone else would be on the hook for it not them.
You will notice Canada didn't do the idiotic banking rules changes Clinton did in the USA and so its banking system was fine throughout the crisis. When it was effected it was mostly speculators, not financial institutions like banks, who invested big into high risk but supposed high reward American debt.
You will notice Canada didn't do the idiotic banking rules changes Clinton did in the USA and so its banking system was fine throughout the crisis. When it was effected it was mostly speculators, not financial institutions like banks, who invested big into high risk but supposed high reward American debt.
So duped.
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Every idiot who thinks this is a good idea should be marched to the gallows. WTF will be done about commie owned corps? Not a fukin thing! Besides, the corporate tax rate should be dropped to about 10% or 15%. Corps dont pay taxes, WE DO!!!
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