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Trump deal to purchase Greenland?
#44
(01-14-2025, 10:33 AM)quintessentone Wrote: So the root cause of Trump's needing to acquire Greenland's resources, he says, is economic security.

 

From what I am reading, it appears raising the debt ceiling vote will likely not go Trump's way.

https://navigatorresearch.org/americans-...porations/

If taxes were raised for both the ultra wealthy and big corporations it is estimated the government could raise the following amounts:

From AI search:

Taxing billionaires and corporations could raise billions of dollars annually, which could help fund global crises and reduce poverty.  Billionaires
  • A 2% tax on the wealth of 2,700 billionaires could raise $250 billion annually.
  • A 5% wealth tax on the world's billionaires and multi-millionaires could raise $1.7 trillion annually.
  • A global minimum tax of 2% on billionaires could encourage countries to tax their wealthiest at higher rates.  
Corporations
  • A global minimum tax of 15% on multinational corporations could raise an additional $250 billion annually.
  • A windfall tax on oil and gas companies could raise revenue for the government.

A tax on business is essentially a tax on the consumer as businesses will pass it on as a cost of business, reflected in pricing. A tax on the higher tier of wealthy folks also isn't very helpful as most people with that kind of wealth run on debt as if there is no profit on paper no tax is owed...so they will just buy more things for their business and boom profit gone. Its literally why they spend millions and in some cases hundreds of millions for corporate conventions and retreats every year...

It sounds nice but in reality it won't do a damn thing but put more burden on those with the least means to carry it.
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Messages In This Thread
Trump deal to purchase Greenland? - by pianopraze - 01-06-2025, 11:23 PM
RE: Trump deal to purchase Greenland? - by Anna - 01-07-2025, 05:22 AM
RE: Trump deal to purchase Greenland? - by RickyD - 01-12-2025, 12:40 AM
RE: Trump deal to purchase Greenland? - by KKLoco - 01-07-2025, 06:05 PM
RE: Trump deal to purchase Greenland? - by KKLoco - 01-11-2025, 06:05 PM
RE: Trump deal to purchase Greenland? - by KKLoco - 01-11-2025, 07:16 PM
RE: Trump deal to purchase Greenland? - by Creaky - 01-14-2025, 07:26 AM
RE: Trump deal to purchase Greenland? - by RickyD - 01-14-2025, 04:06 PM
RE: Trump deal to purchase Greenland? - by RickyD - 01-14-2025, 04:09 PM

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