At 11/7/12 02:47 PM, jimbobmuffincake wrote:
Nice isn't it? Why do we have high unemployment in the first place? Obama taxing business. Job crisis is going to get a lot worse. Jobs don't come out of more heavily taxed business. What the fuck, there will be nothing left when the end of Obama's four years is over
Ok, enough of the completely false and misleading Republican talking points. Here's the truth: higher taxes do NOT correspond to businesses having less money. Oh wait...how could that be? It's not economix 101, it's the 102 class. Read on.
Dudes (and gals) here's a point to consider that NO ONE has touched on which may completely change your perspective.
Businesses are a tax SHELTER. When taxes are RAISED on business, the owners have to look for tax SHELTERS, which means that they are more likely to reinvest in the business. Higher taxes leads to HIGHER employment, and any businessman who isn't getting paid by the GOP will tell you the same thing.
If you LOWER taxes on businesses, you definitely give people more money. However, that money will be taken out of the business and turned into personal income of the owners. They will then spend it on luxuries, yachts, trips, etc., not putting it back in business. Because why would they?
The stock market didn't double under Obama for no reason. Consider true business principles and tax law instead of talking points from paid pundits and you'd do a lot better.