I appreciate you keeping this debate civil Dan, you dont just tell people they are stupid if they dissage with you. Pluss rep+
Only because I say stupid shit all the time
I wouldnt pay any tax increases out of my pocket if i was rich?
Sure you would if taxes are raised. Maybe I'm not understanding what you're saying here.
Corporations and people are two different things. You can't mark up prices on yourself. The ultra rich are primarily an investor class. Large corporations are rarely owned by a single person.
Or I would make it cheeper, by moving overseas or layoffs ect an stop making the new plant in your town.
If you raise the corporate tax rate that can become true, but personal tax rates are irrelevant. If a product can be made cheaper somewhere else companies will do so regardless of the personal tax rate in that area. It's a non-factor. Personal tax rates do not effect the bottom line for that corporation.
Corporations have no problem moving to SE Asia to make a cheaper product, but a rich guy isn't going to move to Bangladesh because taxes are lower.
Its what buisness do when it costs more to do buisness. The big money men will be sure to protect them selfs from loss of money.
The flaw in your logic is simple. You are treating people and businesses as if they are one in the same. Personal tax rates might effect Bill Gates, but they have no effect on Microsoft what so ever. Understand what I'm saying?
The majority of the middle an lower class work for a large buisness. Why? Because they dont have capitol to start there own big buisness
Correct! This is precisely why we should lower taxes on the middle class, not the ultra-wealthy.
The ultra wealthy has enough capital to start a business if they believe it is profitable. If a middle class person has a great idea to start a profitable business he might not be able to because of lack of capital.
By financially strengthening the middle class instead of the ultra-wealthy the average American has a greater ability to start a small business. That has been the key to American ingenuity and greatness in the past 50 years. We are losing that right now because the middle class is shrinking as wealth is being transfered to the ultra-wealthy.
Apple computer started in Steve Wozniak's mom's garage. Imagine if she was underwater on her mortgage and instead of creating the first Apple computer Woz had to take a job flipping burgers. If that had happened I wouldn't have been able to buy this freakin awesome Iphone 4 yesterday!
It makes you wonder. What are we going to miss out on 20 years from now because the next Steve Wozniak is out flipping burgers instead of fucking around in his garage?
Protecting the middle class is vital to our future. With out the ingenuity of the middle class we'd be just another country (if we aren't already).
We need the rich an the banks to start the ball rolling an hire the middle class so they can spend money an strenghten the economy.
Yes we do. You are just misunderstanding how that is done. The way to create jobs is to increase the demand for goods and services. How do we do that? Give the money to the people who are most likely going to spend it in their communities. When ever you purchase a product, you are reducing supply and creating demand. That is what creates jobs.
Again, you're not distinguishing between people and corporations. Bill Gates doesn't create jobs, microsoft creates jobs. Microsoft creates jobs not based on how much money Bill Gates has but based on how many people purchase microsoft products. When you give tax breaks to the middle class instead of the rich, more people will buy microsoft products because they can afford it.
Bill Gates can afford to create a new company and hire people right now. He could create over a million middle class jobs tomorrow if he wanted to with the money he has. But why would he hire a million people to produce a product no one can afford to buy? It doesn't matter how much you cut his taxes if middle class consumers can't afford his product.
Make sense?
You know what the most efficient way to stimulate the economy? Food stamps. I know that no one likes to hear that but the logic behind that is sound. When the government hands out food stamps 100% of that money is guaranteed to be spent in the local economy and almost all of it stays in the country.
the death tax also greatly affects corps.
No it absolutely does not. The only reason a corporation dies is because it no longer makes money.
I agree the personal income tax increase wont hurt the super wealthys wallet, but the other ones got em scared.
Not so much. Taxing Bill Gates doesn't effect people's decision to buy a PC. The amount of wealth held by the middle class effects that decision.