If there is little or no demand for a product, businesses lose money if they invest in increasing product or hiring more workers than they need. For clarity, imagine a business that sells 5 products per minute, and it takes 5 workers to push those products. However, due to a failing economy, the demand for that product has gone down to 1 product per minute. The profitable thing to do is to fire 4 workers and not invest in making so many products that the business is losing money. If you just give the rich tax breaks, that demand is still going to be 1 product per minute. Would it be more profitable to A.) spend the extra money on more products and more workers, despite the fact that the business will still only sell as many products (1 per minute) as with 1 worker, or B.) sit on that money? The answer is B because A results in a net loss of money. I'm not sure how much clearer I can make it.
If there's no demand for a product, or there's a better company that can provide a product of better value and cheaper cost, than the first business has failed, and if the 2nd business's product is really that good, then they will increase productions, which will open new jobs, and hire new employees. It's capitalism at work, increasing quality and driving down prices. Putting high taxes on hiring people and all these restrictions and rules is just going to discourage trying in the first place.
The problem is the government won't let capitalism work; They give these huge bailouts to these banks that failed, so the banks are careless and reckless in their investments with the money WE gave them, because they know the government will bail them out if need be. I don't know how to make it any clearer than that.
Actually, tax rates in the United States, especially on the rich and corporations, are at
historic lows. Taxes were higher during the Clinton years, and businesses and the economy did just fine. The idea that taxes are what are mainly driving businesses out of the United States is just silly; the main reason businesses outsource is because of lower wages. The best way to stop outsourcing of American jobs (other than lowering wages in the United States) is to give tax incentives to businesses that choose not to outsource and tax disincentives to businesses that do choose to outsource.
The richest people in the nation, or the "1%", are paying over
half their income. 55 cents on every dollar or
more. The money needs to be in the hands of the people who earned it, they know what's best, not the government. Like I stated earlier, if they had their own capital (which they themselves earned, not the government), they can re-invest it in the economy to increase it even further. This helps everybody, as more jobs are created, the economy increases, and their capital grows.
The government doesn't have anything, only what they take from hardworking citizens.
I'm not suggesting that increasing taxes on businesses causes businesses to hire in America (unless you're referring to tax disincentives to outsourcing); I'm saying that taxes are fairly low in the United States already, and there is no need to lower them more when it does not address the larger problems behind outsourcing.
Yes, I'm sure taxes
are fairly low for the 47 million people who were on foodstamps during Obama's last 4 year reign. The number of people on them doubled within the last 4 years of his presidency. But taxes are
definitely not low for anything above the lower class.
I'm done debating this. I have a job to do, and this whole argument is pointless, as you're clearly not ever going to stop clinging to your left wing socialist mindset, and I'm sure no one else is going to be swayed by either of our statements, the majority of the people here probably aren't even old enough to vote.
My last statement is, if you actually think Obama can trick the American people into giving him 4 more years of tyrannical dictatorship, taxes and foodstamps, you have a surprise coming to you in November
.