Posts Tagged ‘tax breaks’
Bauvard: Tax Breaks Join People
on Monday, April 10, 2017Bauvard Money Quote saying marriage has benefits for most cultures and one way we tempt them to stay married is to give them a tax break. Bauvard said:
“Every culture has some ritual for joining two people together and making them stay that way, and ours is giving tax breaks” — Bauvard
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This quote by Bauvard suggests that in modern Western culture, one of the primary social and legal mechanisms for binding couples together in a committed relationship is through the tax code.
By offering tax breaks and benefits to married couples, governments incentivize and reinforce the institution of marriage. The quote implies that while marriage was traditionally a religious and spiritual union, in today’s secular world it has also become an economic arrangement defined and supported through financial policies.
Overall, the message seems to be a critical observation that for many people, taxes and finances now play as important a role in marriage as any spiritual or emotional bonds.
Bono: You’re Stupid in Business
on Tuesday, April 12, 2016Bono Money Quote saying legally provided tax avoidance is used by all smart businesses. Bono said:
“Don’t take advantage of tax breaks? Then you’re stupid in business” — Bono
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In this quote, Bono is acknowledging that taking advantage of legal tax breaks and incentives is often seen as prudent business strategy. His point seems to be that from a purely financial perspective, a for-profit business would be making a poor decision to not utilize tax deductions, credits or loopholes that could lower their tax burden and increase profits.
Bono implies that opting out of such tax-saving opportunities could even be viewed as “stupid” in terms of maximizing returns. However, some may argue that aggressively minimizing taxes through complex structures raises ethical issues, especially for very profitable multinational firms.
Overall, Bono’s statement conveys an understanding of why businesses feel pressure to minimize taxes for competitive reasons, even while reasonable people can disagree on where to draw the line between legal optimization and potential tax avoidance.
Robert Reich: Stop Corporate Welfare
on Thursday, July 2, 2015Robert Reich Money Quotation saying government funded corporate tax breaks and financial advantages must end. Robert Reich said:
“We have to demand an end to corporate welfare… No more specialized tax breaks, no more exemptions, or bailouts or special treatment, no more crony capitalism. We must eliminate all corporate handouts and do it now” — Robert Reich
In this quote, Robert Reich is advocating for ending various forms of “corporate welfare” provided by the government. He calls for no more tax breaks, exemptions, bailouts or other special treatment solely for corporations.
Reich also refers to this system as “crony capitalism”, suggesting corporations have undue influence over policymaking. By demanding an end to “all corporate handouts” immediately, he appears to believe businesses have received too much taxpayer-funded support at the expense of ordinary citizens.
Overall, Reich seems to be arguing that corporations should not receive preferential treatment or subsidies from the government, and the current system unfairly benefits businesses over people through this “corporate welfare”.
Bernie Sanders: Tax Breaks for Billionaires
on Monday, April 13, 2015Bernie Sanders Money Quotation saying corporate welfare goes to wealthy – higher education should be accessible to everyone. Bernie Sanders said:
“Instead of giving tax breaks to billionaires, we must make higher education affordable for all” — Senator Bernie Sanders
In this quote, Bernie Sanders is contrasting policy priorities regarding the use of government resources and tax revenues. His view seems to be that rather than providing tax relief that primarily benefits the extremely wealthy, public funds would be better spent on initiatives that support greater access to higher education for all citizens regardless of income or background.
Sanders appears to believe that making college affordable for any American who pursues it is a goal that benefits society more broadly compared to tax policies that mainly concentrate additional wealth among billionaires.
The quote conveys Sanders’ perspective that when deciding how to allocate tax dollars, priorities should involve uplifting opportunities for everyday people through investments in areas like education that can help reduce inequality over the long term.