Notice Trump is not making any headway!

[MarAzul]

You are unfortunately incorrect about the results of doing this. What it will do is encourage foreign operations, because they'll be even cheaper now. The boom will be overseas. Shareholders in those corporations will benefit, american workers will not.

We shall see barf.
It sure seems to me, returning a hugh pile of money, in the trillions, to the US economy will generate new activity. The Dems even agree on this point! I note you do not.

 

[MarAzul]

US tax code isn't a horrible mess.

And it still is, will be. The Republicans or a large number of them are gutlless to make moves unless they can count a new voter. Then we have the McCain types, not a Republican but what the hell is he?

 

[barfo]

We shall see barf.
It sure seems to me, returning a hugh pile of money, in the trillions, to the US economy will generate new activity. The Dems even agree on this point! I note you do not.

It's just false. A huge pile of money will not be "returned" to the US economy. Largely, it's already here. This does not create an incentive to literally move money from foreign countries to US banks and then spend it here. It does allow the money to be used for stock buybacks and dividends, which is where the majority that changes hands (much of it will not) will go.

And no, I don't think the Dems agree with you.

barfo

 

[UncleCliffy'sDaddy]

We shall see barf.
It sure seems to me, returning a hugh pile of money, in the trillions, to the US economy will generate new activity. The Dems even agree on this point! I note you do not.

Good to know that someone, somewhere still believes in unicorns and rainbows. This country needs a little optimism, regardless of how ungrounded it is in reality......the only place that off shore money is going (if anywhere) is into executive salaries and shareholder pockets

 

[MarAzul]

It's just false. A huge pile of money will not be "returned" to the US economy. Largely, it's already here. This does not create an incentive to literally move money from foreign countries to US banks and then spend it here. It does allow the money to be used for stock buybacks and dividends, which is where the majority that changes hands (much of it will not) will go.

And no, I don't think the Dems agree with you.

barfo

Well, on the other hand, leaving it as it is will do nothing for damn sure.
Like I said, we shall see, because it will happen soon.

 

[MarAzul]

shareholder pockets

And even that, if only that does something. Nothing happens with the current situation.

 

[barfo]

And even that, if only that does something. Nothing happens with the current situation.

Ah, the siren song of "I just want change, I don't care whether it's good or bad". When you get a bit older and you actually have something to lose you'll rethink this position.

barfo

 

[MarAzul]

Ah, the siren song of "I just want change, I don't care whether it's good or bad". When you get a bit older and you actually have something to lose you'll rethink this position.

barfo

Now you are posting just to use your fingers.

 

[barfo]

Now you are posting just to use your fingers.

Use 'em or lose 'em.

barfo

 

[MarAzul]

It's just false. A huge pile of money will not be "returned" to the US economy. Largely, it's already here. This does not create an incentive to literally move money from foreign countries to US banks and then spend it here. It does allow the money to be used for stock buybacks and dividends, which is where the majority that changes hands (much of it will not) will go.

And no, I don't think the Dems agree with you.

barfo

Good to know that someone, somewhere still believes in unicorns and rainbows. This country needs a little optimism, regardless of how ungrounded it is in reality......the only place that off shore money is going (if anywhere) is into executive salaries and shareholder pockets

Like I said, we shall see.
My own experience in my own small way says it makes a big deal.
I sold a small farm in Canada in the early 90s, did not have to pay income tax on the profit as it was taxed in Canada and It was while I lived there.

I reinvested the every bit of it in the US since I did not want to do it again in Canada.

Rather fortunate the way if all went down. Bought the farm with Canadian dollars purchase at a low exchange rate. Sold the farm at a very small loss in Canadian dollars which converted to US dollars in at a high exchange rate resulting in about 25% profit in US dollars over all. But all tax free!

Loss Taxed in Canada, actual profit realized not taxed in US. Pretty sweet. ( I may not have this remember correctly, it's just what I remember)

Yes, I think some good will come of repatriating this money. Not a damn thing will happen if we do not.

 

[barfo]

Like I said, we shall see.
My own experience in my own small way says it makes a big deal.
I sold a small farm in Canada in the early 90s, did not have to pay income tax on the profit as it was taxed in Canada and It was while I lived there.

I reinvested the every bit of it in the US since I did not want to do it again in Canada.

Rather fortunate the way if all went down. Bought the farm with Canadian dollars purchase at a low exchange rate. Sold the farm at a very small loss in Canadian dollars which converted to US dollars in at a high exchange rate resulting in about 25% profit in US dollars over all. But all tax free!

Loss Taxed in Canada, actual profit realized not taxed in US. Pretty sweet. ( I may not have this remember correctly, it's just what I remember)

Yes, I think some good will come of repatriating this money. Not a damn thing will happen if we do not.

Sounds like a sweet deal. Now, if the US had taxed your profits, what would you have done differently?

barfo

 

[MarAzul]

Sounds like a sweet deal. Now, if the US had taxed your profits, what would you have done differently?

barfo

Probably still own the farm in Canada. The specific reinvestment in the US would not have been possible.

 

[rasheedfan2005]

Sounds good to me, I'm tired of working so hard. I'll just give up

Im submitting my application for food stamps tomorrow!

 

[MarAzul]

Im submitting my application for food stamps tomorrow!

I like the heating oil assistance program. As long as I have the engine running, it's warm in my boat. Feels good too!