Argumentative Essay On Caterpillar
Deane Ferioli
Professor Gavin
English Composition 1
29 June 2017
In the early 1900s, seeking for a way to improve the mobility and traction of his company’s steam tractors, Benjamin Holt replaced the wheels with wooden tracks bolted to chains. The simple change to the machine worked so well that a bystander was rumored to have said the machine crawled along much like a caterpillar. Holt agreed, and dubbed his new machine “Caterpillar,” a name he eventually trademarked in 1910. In 1986 Caterpillar officially changed the company name from Caterpillar Tractor Company to Caterpillar, Inc.
In the 1930s, Caterpillar machines played a main role in the construction of several great United States landmarks that still stand today. Like The Golden Gate …show more content…
According to Paul Krugman, “the lion’s share of economic growth in America over the past thirty years has gone to a small wealthy minority” (Krugman, 561). Krugman’s point is that one of the keys to equalizing in equality is taxing capital gains as ordinary income in the United States. He believes this would yield significantly more revenue, and also limit the range of tax abuses like the hedge fund loophole. (Ferioli, Page …show more content…
Hedge fund manager Leon Cooperman called Clinton a hypocrite because Clinton's son-in-law, Marc Mezvinsk, is a co-founder of hedge fund Eaglevale Partners. And Clinton's daughter Chelsea previously worked at hedge fund Avenue Capital, run by well-known Clinton supporter Marc Lasry. Donald Trump has also been questioned about his close friends that would be affected by the change in tax structure. Prior to being elected President, Donald Trump was a well known business man who had himself involved in multiple business avenues. He went on to say that the friends that he has does not change his opinion of wanting to change the tax structure. According to President Trump, "Some of them are friends of mine. Some of them I couldn't care less about. It's the wrong thing. The hedge fund guys are getting away with murder. They're making a tremendous amount of money, and they pay no taxes," (Whitehouse). Trump himself according to disclosure forms he filed has $25 million up to $50 million stake in a multi-strategy fixed-income hedge fund, Blackrock Obsidian.
Taxing capital gains as ordinary income in the United States would yield significantly more revenue, and also limit the range of tax abuses like the hedge fund
Professor Gavin
English Composition 1
29 June 2017
In the early 1900s, seeking for a way to improve the mobility and traction of his company’s steam tractors, Benjamin Holt replaced the wheels with wooden tracks bolted to chains. The simple change to the machine worked so well that a bystander was rumored to have said the machine crawled along much like a caterpillar. Holt agreed, and dubbed his new machine “Caterpillar,” a name he eventually trademarked in 1910. In 1986 Caterpillar officially changed the company name from Caterpillar Tractor Company to Caterpillar, Inc.
In the 1930s, Caterpillar machines played a main role in the construction of several great United States landmarks that still stand today. Like The Golden Gate …show more content…
According to Paul Krugman, “the lion’s share of economic growth in America over the past thirty years has gone to a small wealthy minority” (Krugman, 561). Krugman’s point is that one of the keys to equalizing in equality is taxing capital gains as ordinary income in the United States. He believes this would yield significantly more revenue, and also limit the range of tax abuses like the hedge fund loophole. (Ferioli, Page …show more content…
Hedge fund manager Leon Cooperman called Clinton a hypocrite because Clinton's son-in-law, Marc Mezvinsk, is a co-founder of hedge fund Eaglevale Partners. And Clinton's daughter Chelsea previously worked at hedge fund Avenue Capital, run by well-known Clinton supporter Marc Lasry. Donald Trump has also been questioned about his close friends that would be affected by the change in tax structure. Prior to being elected President, Donald Trump was a well known business man who had himself involved in multiple business avenues. He went on to say that the friends that he has does not change his opinion of wanting to change the tax structure. According to President Trump, "Some of them are friends of mine. Some of them I couldn't care less about. It's the wrong thing. The hedge fund guys are getting away with murder. They're making a tremendous amount of money, and they pay no taxes," (Whitehouse). Trump himself according to disclosure forms he filed has $25 million up to $50 million stake in a multi-strategy fixed-income hedge fund, Blackrock Obsidian.
Taxing capital gains as ordinary income in the United States would yield significantly more revenue, and also limit the range of tax abuses like the hedge fund