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5% of $100 billion is $5 billion. I just read in the WSJ Weekend Edition that the company I work for is reducing dividends by 85%! I guess, we are just a bunch of whiners, this is nothing to be worried about
Tristansmommy has a good point though....If these tax cuts for the rich always help everyone then....
1. What's with all the outsourcing?
2. Why have our real incomes been going down or stagnant?
3. Why did the economy soar in the 90s despite Clinton increasing the top rate from 31-39%?
To me it makes much more sense to cut taxes for middle class people because they're more likely to spend their money locally and stimulate their communities, and buy the things that the rich produce. Also...
1. As there are more middle class than rich, wouldn't it make sense to give tax cuts to the more numerous social class in the country to stimulate the economy?
2. And wouldn't it make more sense to shift the greater burden on those who don't have to spend as much on necessities just to get by? I mean, even Adam Smith said as much.
5% of $100 billion is $5 billion. I just read in the WSJ Weekend Edition that the company I work for is reducing dividends by 85%! I guess, we are just a bunch of whiners, this is nothing to be worried about
Your company must be in tough financial straits, choosing to ask for government money. They dont get federal money unless they cut their dividends/act like they're trying to save some money. Unless your company is voluntarily cutting their dividend.
The 5% tax on the top 1% is PERSONAL income taxes.
Tristansmommy has a good point though....If these tax cuts for the rich always help everyone then....
1. What's with all the outsourcing?
2. Why have our real incomes been going down or stagnant?
3. Why did the economy soar in the 90s despite Clinton increasing the top rate from 31-39%?
To me it makes much more sense to cut taxes for middle class people because they're more likely to spend their money locally and stimulate their communities, and buy the things that the rich produce. Also...
1. As there are more middle class than rich, wouldn't it make sense to give tax cuts to the more numerous social class in the country to stimulate the economy?
2. And wouldn't it make more sense to shift the greater burden on those who don't have to spend as much on necessities just to get by? I mean, even Adam Smith said as much.
Oh, man. Yeah. I want my company to get stuck with the highest possible taxes. That will even the playing field between those rich fat cats and us little guys that work for them. If they suffer, it's better for me, since wealth is a zero-sum game. If they earn less, I earn more. Under Obama, even though companies are suffering and the economy is in the toilet, we little people will somehow be immune from that because Obama cares about us.
So are you saying if their taxes were cut they would hire more people instead of giving CEO bonuses? (like the last 8 years )
You can back this up with fact right???
When businesses pay less tax they have extra money to grow and expand (capital expenditures). They also add additional products and services. And in doing so they most always add employees. The opposite happens when businesses must pay higher taxes - they are looking for ways to cut expenses, which oftentimes means layoffs.
Can I back it up with fact? It's common sense! Ask any business owner. Take an economics course. Do a little fact-finding yourself!
Oh, man. Yeah. I want my company to get stuck with the highest possible taxes. That will even the playing field between those rich fat cats and us little guys that work for them. If they suffer, it's better for me, since wealth is a zero-sum game. If they earn less, I earn more. Under Obama, even though companies are suffering and the economy is in the toilet, we little people will somehow be immune from that because Obama cares about us.
Surely you jest!
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