4 Oct 2023 8:05 am
nmLowIQTrash » 03 Oct 2023, 8:59 pm » wrote: ↑ Part 1 of 2
Normally when a conservative retard talks about echo-naw-mix, usually I take a step back, listen, nod, and smile.
This is, of course, a measure designed to prevent myself from bursting out laughing at whatever retardation they are spewing.
Examples of retardation:
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Thomas Sowell (paraphrase): "The MW hurts black workers. If we got rid of MW laws then black unemployment would drop drastically or be eliminated."
Reality: A large % of blacks are simply unemployable (i.e. they will simply steal the business owner's stuff/do nothing productive at work either because they can't or don't want to, which makes their effective net contribution to the value of the business negative, so even at an amazing wage of $0/hr they still wouldn't be hired, unless there happens to be a bunch of retarded business owners who enjoy proverbially setting their own businesses on fire.)
Conservatives (in general - paraphrase): Corporate tax cuts are great because they incentivize corps to create jobs.
Reality: Jobs are a function of market demand as well as the cost required to meet said demand. This means that
1) A robust economy (unless you're in a counter cyclical industry/sector)
2) Lower expenses (incl. rent, wages, FF&E, vehicles, marketing, insurance)
are far more important than taxes (which is indeed an expense but a function of net profit rather than a prerequisite for revenue coming in).
You could lower corporate taxes to 0% and corps that sell "low end" goods would still operate out of Thailand, Bangladesh, Indonesia, and Burma simply because wages there are far lower than those found in the states.
Another point to consider is that corporate tax cuts not only DON'T create jobs - they DECREASE the # of jobs.
(The theory is not complicated: corporate tax cuts incentivize investing in capital goods (AKA AUTOMATION) and R&D, which reduces the need for additional workers and even allows for a reduction in the existing workforce, If you weren't retarded you may have noticed "why manufacturing facilities use robots with a small # of workers instead of an army of workers in 2023")
P.S.
That's ALSO assuming the corp tax cut wasn't distributed to shareholders via a dividend hike, a one-time dividend, or share buybacks.
Conservatives: A "free market" allocates resources efficiently.
Reality: We do not have a "free market" - we have a market controlled and dictated by Wall Street and (((GLOBALISTS))).
Second, even IF we did have a "free market," it would not allocate resources efficiently because all the small firms would get gobbled up by large corps and our eCONomy would turn into a heavily cartelized trainwreck. (Anyone remember the size of that Costco in Idiocracy?)
Unfortunately, conservatives are either too stupid or too deceptive (mostly the former, I imagine) to comprehend a situation where the big wigs get together and iron out a price fixing plan to screw over consumers in the absence of their favorite fairy tale: a "free market."