Ayn Rand Where Are You When We Need You?

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Ayn Rand Where Are You When We Need You?

6 comments, 159 views, posted 10:13 pm 17/02/2012 in Politics by griffin
griffin has 11452 posts, 1663 threads, 1244 points
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For those who have scoffed at Miss Rand's writings, I would like to present for your edification, H.R.3784.IH. Taken from the bill:

(4) REASONABLE PROFIT- The term `reasonable profit' means the amount determined by the Reasonable Profits Board to be a reasonable profit on the sale.

SEC. 5. REASONABLE PROFITS BOARD.

(a) Establishment- There is established an independent board to be known as the `Reasonable Profits Board' (hereafter in this section referred to as the `Board').

(b) Duties- The Board shall make reasonable profit determinations for purposes of applying section 5896 of the Internal Revenue Code of 1986 (relating to windfall profit on crude oil, natural gas, and products thereof).

Yeah, a board which will decide when you have too damn much money. And tax you right up the jacksie when they decide you already have too much you rotten greedy capitalistic bastard. Jesus wept, and Atlas Shrugged.
One thing for sure, if I was affected directly, I would ensure that I ceased making profits which would be affected. (Like moving money or operations, or both overseas for example).
Government regulation is mostly insanity written in legalese with a few Latin term thrown in for good measure.
Yet these same fuckers will ask 'why are American jobs going overseas'? Look in the mirror, you shitheads.

Link to the very essence of stupidity.

Extra Points Given by:

z0phi3l (5), Quaektem (5), WolfenUWG (5), aion_z (5)

Comments

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10:17 pm 17/02/2012

Viscera

Quote by griffin:

One thing for sure, if I was affected directly, I would ensure that I ceased making profits which would be affected. (Like moving money or operations, or both overseas for example).

when I cited that as a probable result of the business climate in America and the war waged on people who EARN their money, I was told that wouldn't happen. Wait until the tax bracket gets so large that the companies don't want to do business here. They will find shelters to hide the income.

10:26 pm 17/02/2012

griffin

Quote by Viscera:

They will find shelters to hide the income.

Our new headquarters on the Isle of Man (part of Britain, can export, but beautifully not part of the EU or the UK, bwahahaha) or the Canaries, will look just swell.

10:31 pm 17/02/2012

Flee

its not just taxes that ship jobs out. The money the companies save on salaries alone is a great motivator for it. Americans expect, need, and should get(due to their schooling) a far better wage than some random worker in China.

10:44 pm 17/02/2012

griffin

Quote by Flee:

The money the companies save on salaries alone is a great motivator for it.

It isn't just that though. There is much uncertainty involved in shipping manufacturing overseas. Quality control becomes difficult, and if done incorrectly, can leave a manufacturer in China in a position to undercut you entirely and essentially put yourself out of business (Schwinn did this as I recall). Then there the costs of shipping, the risks involved, and I suspect a 'flexibility cost' also (I think the lead time on manufacturing changes and adding capacity is longer, this is just a guess).

11:19 pm 17/02/2012

Quaektem

Quote by Flee:

Sure... and when you add draconian taxes on top of higher U.S. salaries how can a business not go overseas?

Oh, and when heath-insurance costs go up like they did in MA when Obamacare takes effect it will only get worse.

5:22 am 19/02/2012

backroom

Quote by griffin:

One thing for sure, if I was affected directly

You would be an energy producer.
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molehill.

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