April 1, 2021

Business organizations are opposing Biden's tax increase on corporations, still claiming that business taxes define the economy and a tax increase on corporations will cause the economy to contract.

To promote fake logic implies some credibility, so a rehash of the logic is needed.

Corporations don't need profit, and they are misusing the profit they have. They give some to stock holders, but the stock holders are going off the graphs with absurdities, because the stock market has become nothing but a gambling casino with unlimited resources to squander.

The point-blank logic of the fraudulent claims is that corporations are the limiting factor to the economy and their profits determine the result. Only profits are taxed for corporations. Supposedly, businesses need more profits to keep the economy afloat. Supposedly, businesses will expand when they have more profits and shrink when they have less profits and the whole economy will follow the corporation expansion and shrinkage.

The truth is, corporation profits have nothing to do with economics in a direct manner. What corporation profits consist of is the money left over after they have squandered all they can squander on executive perks, entertainment, stock give-aways and excessive travel expenses (such as using two airplanes instead of one to serve as a spare). When they can't burn any more dollars, the excess that is left over is called profit. Only that is taxed by the federal government.

Yet the economy will supposedly suffer if that excess money is taxed instead of used to corrupt the stock market through stock buy-backs or corrupt some technology or plans for the future by getting into science and technology which they know nothing about, such as travel to Mars, hydrogen fusion or self-driving vehicles. The economy doesn't need their stupidity.

The absurdities are glossed over because they are not real concerns. The whole subject of taxation is nothing but a front for ulterior motives by conservatives based on their war against the lower classes. They not only want a restricted economy which is limited to the upper elites, they want to squander government revenue in the process, so it doesn't get used for social programs. We know this because they have been doing the same thing for fifty years making every asinine argument possible to move in that direction.

Claiming that corporations will expand and contract (with the rest of the economy expanding and contracting) based upon their profits not being taxed buries oceans of real economics in the fraud. Corporations can only expand and contract to the extent that some buys their products with expansion or contraction. Why are consumers going to buy more when corporations rip off the government? To promote the conservative cause?

Notice the defining principle of the argument: The claimed goal of conservatives is to expand the economy. No one with half a brain could miss the fact that economic expansion is dependent upon getting the public to buy more products. Giving money to the rich doesn't do much for that purpose but giving money to the lower classes does. They will buy as much as they can afford. Yet conservatives are trying to prevent the lower classes form benefiting from the economy as the supposed method of expanding the economy.

Economic expansion is determined by the economic activity of the lower classes (now days, the lower 90% of society), while conservatives are pretending corporations determine economic expansion and only their untouchable profits are relevant to the argument.

Notice how fake logic is used for rationalizing. A stepwise process is needed to get to an absurd end-point. First, a noble cause is the starting point: lowering taxes. Then a link has to be made to the item of concern: corporations. Then a false claim has to be made: corporation profits determine the economy. The stepwise process gets from any starting point to any end-point. But that method is only needed to make a mockery of logic. With rationality, all relationships are directly made in valid ways, which doesn't have twisted links between points.