We need to remove the incentive for corporations moving over seas, but we also want a lot more money from them, so we'll get together with the rest of world and get them to agree to raise their taxes too.
And, as you should know, the vast majority of corporate tax increases will be passed on to the end users (consumers), in the form of higher prices. One more notch in the inflation belt.
And, what do we do if/when our partners renig on the agreement by offering "special incentives"...
Janet Yellen makes an idiot of Pete Buttigeig (msn.com)
"With corporate taxes at a historical low of 1% of GDP, we believe the corporate sector can contribute to this effort by bearing its fair share," she said.
Yellen added, "At the same time, we want to eliminate incentives that reward corporations for moving their operations overseas and shifting profits to low-tax countries. As part of this effort, we are working with our international partners on a global minimum corporate tax to stop the race to the bottom.”
And doncha just love it when you hear a government official use a phrase like "Fair Share"?
Tim,
This is part of the plan to convert the world to global socialism.........what the Climate Accord is all about. It has nothing to do with the climate, that's a big ruse.
The global corporate taxes are exactly this.
In the end, they want the United Nations to be our mommy and daddy and everybody falling in line with their global decrees...............like this global corporate tax. And even immigration laws.......no kidding.
Since they have won the war on the fake climate crisis and will be passing agenda, almost with impunity as the republicans fight between each other, we will see tremendous progress towards giving the UN permanent powers with global governance that the US signs on for enthusiastically with the current administration.
Ilhan Omar wants the UN to handle US border crisis
https://www.marketforum.com/forum/topic/37944/
China and Russia are not buying it though. Way too pragmatic.
China and the US are both claiming their plans are the recipe to future economic prosperity.
One of those countries is shutting down all their coal fired power plants that provide cheap, reliable energy, the life blood to all developed economies. Promoting expensive, environmentally damaging fake green energy
The other country, is building several times MORE coal plants than the other country is shutting down.
This is like one country telling us that up is up and the other one telling us that Down is up.
Which country is telling the truth because they only care about what's best for their country?
Which country is lying for a political agenda?
https://www.foxbusiness.com/politics/biden-russia-nord-stream-pipeline-blocking-keystone
metmike: No, this is not the Babylon Bee with its political satirical humor. This is actually happening.
This is the same leader of the US that's shutting down the major oil pipeline from Canada into the US and shutting down ng fracking on federal land in the US.
Shutting down US fossil fuels, while the smart, competitors from China and Russia that focus on the REAL world, ignore the silly fake climate crisis and eat our lunch by increasing their fossil fuel use....while global CO2 emissions(well mixed in the global atmosphere) continue to go much higher..........and green up the planet even more.
So, if they aren't trying to derail the economy, it's sure as heck looks like they are.
Tim,
The economy has to be sacrificed for global socialism.
It also assists with their plan of sustainable development............humans consume too much stuff.
I agree (but electric cars, wind turbines and solar panels will result in us consuming way more stuff, toxic stuff that has to be disposed of after 20-25 years).
I got this in my email this morning.
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Another item they never tell us about.
We can barely provide a fraction of the countries electricity needs now using solar and wind with no hope......really no realistic hope of being able to replace fossil fuels using these sources by the year 2050.
And we want to add the demand of electricity for hundreds of millions of vehicles to a huge demand base that is already greater than we can supply in the next 20 years using real world physics?
Where do you think the electricity comes from to charge these electric vehicles?
It has to come from a power plant that generates all the electricity.
Turns out, that when you send electricity thru transmission lines, then use it to charge car batteries and store it in batteries........you lose well over half of it in the process.
When you store the energy of a fossil fuel, like gasoline in the tank of your car........the energy in it is not lost. You can burn it right there and get a maximum amount of energy out...........even if it sits in your tank for a month.
With electric cars, the burning to generate the energy is taking place at some distant power plant..............some lost in transmission lines, more lost in battery and storage.
Its like taking a few steps BACKWARD in applying the physics of energy efficiency.
Ironically, since you are still using fossil fuels at the power plant to generate the electricity, you are just trying to trick people because they don't see the fossil fuels burning in their vehicles or at the pump.
The electricity in their car batteries is coming from the magic green energy fairy.
I can't stress enough and will repeat it again that I've been a practicing environmentalist for almost 40 years now.
One side wants to paint people like me as trying to sabotage their effort to "save the planet"
I've been applying "save the planet" behavior to my life everyday for 40 years now!
Give me a break on all the fake/disingenuous or ignorant environmentalism!
Biden problem with alternative energy
Started by wglassfo - May 15, 2021, 2:56 a.m.
https://www.marketforum.com/forum/topic/69439/
Wind/ solar/batteries
14 responses |
Started by metmike - May 6, 2021, 9:58 p.m.
https://www.marketforum.com/forum/topic/69028/
Sorry for hijacking your thread Tim but we used it to greatly expand the information into the land of enlightenment (-:
The real environmental crisis's/insects dying-dead zones-aquifers drying up-plastics in the ocean-landfills/trash-over consumption of natural resources(metmike is a PRACTICING environmentalist): April 2019
Interestingly, the Ford Rouge Plant where Biden was today is 3 miles south of where I grew up.
My dad worked there as an industrial engineer for Ford for almost 40 years and I had Summer jobs and college part time jobs there in the mid/late 1970's(when they were making the Mustang 2's).
They paid unbelievably well. Some pretty tough jobs back then.
At the end of one Summer, August 1978 I think that it was, just before I left to go back to U of Michigan, the guy I was training to do my job in the specialty foundry lost his foot right in front of me, doing the exact same thing that I had been doing every day for 4 months.
In Dearborn, over 30% of the population is Muslim, the highest Muslim population anywhere in North America
metmike: This is just background information related to where Tlaib is coming from. Most of my dad's neighbors from the house he last lived in and still has for us to stay at when we visit him are Muslims and they are ALL wonderful people. Every one of them.
I don't know what their position is on Israel but can guess. Last year, they all had Biden signs on their front lawns but that is assumed of almost everybody that lives in the Detroit area.
Sorry for the new twist to the thread but it related to Bidens visit today and foreign policy. Biden seems to strongly supports Israel though.
