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I have also heard that you will never get rich working for someone else. So basically the person who owns the business will probably be making the most money.
A large percentage of the taxes paid in America this last year was from self employed people. So if you lost your job, think what kind of mousetrap you will be marketing in your new business. Don't wait for someone else to hire you, hire yourself.
It means Pelosi is an idiot for pushing President Obama to repeal Bush's tax cuts. If you give the business owners a tax break, they will in turn use these breaks to create jobs and grow their businesses. Increase their tax, they may be less inclined to create these new jobs and expand. In a recession, I'm sure every penny counts.
Quote:
Originally Posted by NCN
I have also heard that you will never get rich working for someone else. So basically the person who owns the business will probably be making the most money.
I disagree. I think the lack of saving money "will never get [you] rich".
It means Pelosi is an idiot for pushing President Obama to repeal Bush's tax cuts. If you give the business owners a tax break, they will in turn use these breaks to create jobs and grow their businesses. Increase their tax, they may be less inclined to create these new jobs and expand. In a recession, I'm sure every penny counts.
I disagree. I think the lack of saving money "will never get [you] rich".
Once again.....
WHERE are the jobs that bush allegedly created by giving the uber-wealthy a huge tax break?
Have you noticed the unemployment and unemployed numbers lately??
And you are not going to be. Obama's plan is to funnel money to the rich privatized business owners for government contracts. The trickle down theory they say doesn't work. Others parts are just to directly hand them a check.
When you cry about where all the jobs now don't forget immigration and births increased over 20 million people from 2000 to now.
Between Census Day (April 1, 2000) and July 1, 2005,
the resident population of the United States grew from
281.4 million to 296.4 million, an increase of 5 percent.
During this period, 21.3 million U.S. residents
were born and 12.7 million died, creating a “natural
increase” of 8.6 million people. The net increase from
international migration (in-migrants minus outmigrants)
added another 6.3 million people.
There has been plenty of jobs created but there is most certainly a correction on the horizon. People will disembark for more prosperous opportunities. Some to other countries some to other states.
I think it's an old phrase that doesn't translate well into the present.
The vast majority of people are hired by corporations - not private individuals.
Keeping the tax rates on the rich unrealistically low does not lead to job growth - it didn't in the 1920s, it didn't during the past 8 years, it won't in the future.
Keeping tax rates low on corporations will help improve job outlooks... but don't be conned into the phrase in the OP...
If the last 8 years taught us anything - it's that reducing taxes on the rich is a sucker's bet - it's a giant shell game - one where the middle-class is 'had' big time...
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