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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (624456)	8/15/2011 12:22:27 PM
From: Alighieri	Read Replies (4) \| Respond to of 1574472

Stop Coddling the Super-Rich By WARREN E. BUFFETT Published: August 14, 2011 nytimes.com

To: bentway who wrote (624456)	9/11/2011 10:35:02 AM
From: TimF	Respond to of 1574472

Civil unrest can be expensive, as executives at Sony Corp. (NYSE:SNE) learned this week after its London warehouse went up in flames. True, but there is no need for high corporate tax rates, or high taxes at all, to avoid civil unrest. At worst a transition to lower taxes and spending (esp. if done suddenly) can cause unrest, but its not because of lower spending, but rather because of change, the change doesn't occur forever. Also its questionable whether lower corporate tax rates would result in lower revenue. Reducing the drag on corporate investment by lowering high rates (which reduce the after tax profit from investment) can lead to more growth over time, also lower rates could cause more profit from multinational corporations to be realized in the US (so the feds would get a lower percentage of something, rather than a higher percentage of zero in such cases). If that wasn't enough lower rates could also allow for eliminating special credits and targeted deductions, and those reduce the compliance and enforcement cost of taxation, and the distortions created by the efforts to match corporate activity to tax law. Beyond all of that the government already has plenty of revenue, it just spends too much.