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If you think you are unfairly compensated for your labor start your own business. They don't get the whole pie, they pay for your labor. You don't pay anything for them. We have a progressive tax structure. The rich pay proportionately more.
Proportionately more compared to what? A $10 hr job compared to a $2 million a yr one? How much of that $10 hr job do you want that worker to pay? Maybe, he/she can take home a lil change, when it's all said and done? And I do pay for their businesses thru this country's corporate welfare program. Wealthy businessman wants to develop some land, he/she gets some money from the city's tax base i.e. bonds.
If we give the rich more money, how many jobs will they create?
Who are you talking about..most of these billionaires don't directly run anything or hire people. I assume you are talking about individuals and their personal wealth.
CEO's are different as that is corporate money, not their own personal slush fund.
So billionaires (like Bill Gates)..who is he going to personally hire if you cut his taxes.
The people chanting "off with their heads" aren't thinking this through.
Jobs are created when demand is sufficient enough that the revenue from the additional business generated will not only offset the cost of an additional employee but will also cause the business to profit from the addition of a new employee.
Continuing to lower taxes on the entrepreneur class does nothing to create jobs. If a business owner has extra revenue due to tax cuts, that revenue is quite irrelevant to job creation; jobs are created to produce revenue, not because of excess revenue. In a capitalistic system, the majority of jobs are created by supply and demand.
Job creation does not arise out of an altruistic, benevolent whim; jobs are created when there is work to be done. If you look at the companies that have created the most jobs–Wal-Mart, Microsoft, UPS, McDonalds, et cetera–these are the companies that are widely popular among American consumers. Consumption creates jobs.
Taxes are here to stay on some level,but the federal government has grown outside it's parameters and states are starting to resist.
Good to see, isn't it?
Quote:
Originally Posted by EinsteinsGhost
And I'm not surprised. Resistance is good, if it speaks loyal dissent. I feel this is more than that.
Proportionately more compared to what? A $10 hr job compared to a $2 million a yr one? How much of that $10 hr job do you want that worker to pay? Maybe, he/she can take home a lil change, when it's all said and done? And I do pay for their businesses thru this country's corporate welfare program. Wealthy businessman wants to develop some land, he/she gets some money from the city's tax base i.e. bonds.
Umm do you what a progressive tax is? The more you make, the greater percentage you pay in taxes. You continue to make things up. Pleasepoint out how Monet flows from the poor to the rich.
Jobs are created when demand is sufficient enough that the revenue from the additional business generated will not only offset the cost of an additional employee but will also cause the business to profit from the addition of a new employee.
Continuing to lower taxes on the entrepreneur class does nothing to create jobs. If a business owner has extra revenue due to tax cuts, that revenue is quite irrelevant to job creation; jobs are created to produce revenue, not because of excess revenue. In a capitalistic system, the majority of jobs are created by supply and demand.
Job creation does not arise out of an altruistic, benevolent whim; jobs are created when there is work to be done. If you look at the companies that have created the most jobs–Wal-Mart, Microsoft, UPS, McDonalds, et cetera–these are the companies that are widely popular among American consumers. Consumption creates jobs.
Not tax cuts.
Of course if more people have more money to spend demand will increase. Taxes should be lowered for everyone.
Look what happened during the Bush 43 administration, lowered income taxes, corporate taxes and capital gains taxes. The result; the Bush 43 administration showed the poorest record on job growth since records have been kept.
Not only that interest rates where low during the Bush 43 adminstration. So we had all the ingredients according to the "Trickle Down Economics" playbook for economic growth and what happened. The biggest corporations and the wealthiest people in this country took their profits and cheap capital and invested in in research and development centers, factories, distribution centers and retail outlets in low wage emerging market countries and made huge profits. In other words Corporate America and the wealthy have SOLD OUT AMERICA in the name of higher profits.
So now the Republicans want to lower taxes SO THEY CAN DO MORE OF THE SAME AND MAKE EVEN MORE MONEY.
"• Did Bush preside over 52 months of uninterrupted job creation? Close, but not quite.
According to the Bureau of Labor Statistics, the economy added more jobs than it lost during 50 out of 52 months between September 2003 and December 2007. The economy lost jobs over two months during that stretch -- between June 2007 and July 2007 (20,000 jobs) and between July 2007 and August 2007 (71,000)."
Bush haters point to "8 years" but, never break it out. Admittedly the last 2 were terrible AFTER the dems took control of Congress, of which they never blame.
They(the wealthy) always forget that it's us mere plebs who help make them their money. Without us they eat bark!
And without the rich people wouldn't have jobs.
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