Except that's not true. There was more wealth concentrated in the hands of the wealth than any time in our history. The opposite of what you are saying is true.I dissagree in the great depression there was lots of demand for food an services , just no jobs-money to purchase them cause the rich felt broke an werent hiring witch led to more jobs lost an more buisness not selling goods an more buisness an corps failing , witch lead to more unemployed............
The rich have the juice we need to "prime the pump". We need them to want to invest it here by offering tax breaks so we can get there buisness taxes. They are cash cows for the USA, the amount they recive in tax breaks pails in comparison to the taxes they pay. We need to stop kicking rich cows? lol. We need to collect them like kind seeds for future success.
The last time this much wealth was concentrated in the hands of the rich was right before the great depression. The country has historically been more prosperous when more of our wealth is held by the middle class, not the wealthy.
Rich people don't hire or fire people because they are happy or mad. They do it because it will increase their income. If you tax Bill Gates an extra 3%, you aren't taxing microsoft 3%. Why would he want he want to fire people who are making him money? Because he's mad? Do you really think that makes sense?If we just redistribute wealth as food stamps it wont rase our GDP a cent. It will incrase stagflation or inflation of the dollar making the ecomony even sicker piss off the rich who feel they got robbed at gunpoint by the IRS. Inflation is a huge player in the economy. An since we import so much products its impotant to get the Dollar up an deficet spending down so our currency is still strong in other countries where we do our big shopping.
So they have to sell some stock in their company. Why do I care about how much money the IRS takes from a dead person?Next year, the estate tax will rise from a 0% rate to 55%.Corps start out as small, med, an large buissness ran by the owner.
Corps ususaly have a majority share holder who started the buisness, or whos family started the buisness still running it. The Irs knows this an goes after them when they die. Many medium to large buisness with owners will prolly have their assest liquidated by the IRS if they dont have 55% of its total value (including all capitol) paid to the IRS asap.
That's because you don't understand why businesses create jobs or fire people.Also rasing taxes is a bad idea in general i believe, but especialy in a recession, i feel is based mainly on envy am punishment not economics.
Corporations don't hire people because rich people pay taxes. They do it because it makes the corporation money. The corporation doesn't make less money because rich people are taxed. There is a difference between corporations and people.