The Latest Outrage On Taxes
The Market Ticker - Commentary on The Capital Markets
2017-11-28 09:02 by Karl Denninger
in Federal Government , 309 references Ignore this thread
The Latest Outrage On Taxes
[Comments enabled]  

Corker let the cat out of the bag....

The latest outrage in the so-called "tax cut" negotiation emerged yesterday, where the idea was floated of putting "triggers" in the bill so if the deficit blooms -- that is, if the alleged "growth" that would lead to higher revenues fails to materialize then taxes would go back up.

Of course the problem with this on whom will the taxes go back up?

And Corker, this morning, just told you live on Communist News Bull****:

ON YOU.

Let's make this crystal clear: The last time we dropped corporate taxes in a "holiday" to supposedly "bring all that money back and reinvest it" the re-investment didn't happen.  Instead what happened was mergers (monopoly creation and enhancement) and buybacks (which of course preferentially benefit corporate executives.)

But, since Corker is very concerned about "certainty" for corporations if they do this again it will be you that gets screwed with the tax increase even though you had nothing to do with the decision to buy back stock and create more monopolies that screw you blind.

Are you ready to sack every single Senator and Representative yet?

If not, given that Bob Corker just said he's going to **** you when corporations do exactly what they did last time, and which the "tax cut" bill makes no provision to prevent, may I politely ask "why not" given the tiny number of CEOs .vs. the utterly yuge number of ordinary Americans?

Like this piece?  Come see (and buy) it here ("Split")

View with responses (opens new window)
 
Main Navigation
MUST-READ Selection:
Our Nation DESERVES To Fail

Full-Text Search & Archives
Archive Access
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be sent unmodified to lawmakers via print or electronic means or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media, to republish full articles, or for any commercial use (which includes any site where advertising is displayed.)

Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.