Yes. I am well aware the VW was started by the NAZI's and then propped up as part of the Marshall Plan. But since then they have been a privately held company where they actully flourished.Quote:
Originally Posted by Malbec
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Yes. I am well aware the VW was started by the NAZI's and then propped up as part of the Marshall Plan. But since then they have been a privately held company where they actully flourished.Quote:
Originally Posted by Malbec
I know quite well how they operate. I was only referring to a straight Buy/Sell business deal. I am 100% against all subsidies of Tax breaks for any industry. Including defense industries.Quote:
Originally Posted by Don Capps
Just a quick reminder
http://sphotos-a.xx.fbcdn.net/hphoto...69925050_n.jpg
Really? From first hand experience or Faux News or PBS? Just curious, given that a "straight Buy/Sell business deal" can often be anything but that inside the Beltway.Quote:
Originally Posted by anthonyvop
Can I take it then that the sequestration that will/is expected to hit the DoD is not a problem on your part, given that much/most of it will affect mainly the defense contractors -- and their taxpayer-supported subsidies -- within the Beltway?
It is my understanding that grape is, by far, the favorite flavor of Flavor-Aide among the GOP and those on the Right. Romney is said to several glasses a day, always the grape flavor. He credits it for helping get his mind "right."Quote:
Originally Posted by anthonyvop
Remember:Quote:
Originally Posted by anthonyvop
Of the 100 largest industrial companies in 1912, by 1995, 29 had gone bankrupt, 48 disappeared (mergers, acquisitions and so on), and 52 survived, but only 19 remained in the top 100. Once you discount the large number of small companies that fail in their first few years, the average lifespan for small companies is similar to that of large firms - and most of them eventually fail.
- Excerpt from "Why Most Things Fail", Paul Ormerod (2005)
Summary - Why Most Things Fail: Evolution, Extinction and Economics - Paul Ormerod
Surely from GM's perspective a Chapter 11 reorganization is a better outcome than a Chapter 7 liquidation.Quote:
Originally Posted by Rollo
I think that under the parameters of what you laid out, GM is wildly successful. Unless you happen to consider bankruptcy and a failure to exist anymore a success.
It certainly does not prove the statement which I asked you to provide a link for:
Instead you cited:Quote:
Originally Posted by anthonyvop
I'm sorry, but common sense usually isn't either common or in this case as demonstrated by you, sense.Quote:
Originally Posted by anthonyvop
"Common sense is the collection of prejudices acquired by age eighteen."
- Albert Einstein
How apropos.Quote:
Originally Posted by Rollo
One thing I find very sad about this thread is the depiction almost of 'two Americas', that represented by, for instance, Don Capps and that represented by anthonyvop.
Just a question. If you'd removing National Sales Tax, what would you replace the lost revenue with?Quote:
Originally Posted by anthonyvop
Taxation revenues as a percentage of GDP for FY2012 are expected to dip at less than 15%. That is the lowest level of taxation collected since 1949.
If the national debt stands at $16.009 Bn, and the Federal Receipts for FY2012 are expected to come in at $2.303 Bn, even if the interest rate was a paltry 1% and government spending was cut to Zero, the debt still wouldn't be paid of until mid-2019.
Basically it's a mathematical impossibility to close the either the deficit or cut the debt by spending cuts alone. Both spending cuts and tax increases are inevitable in any realistic scenario.
I don't know what Anthony is referring to, There is no National Sales Tax in the USA. Most states do charge sales tax, but that is state revenue and at least 2 states that I know of have 0% sales tax.