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Seems like every proposal wants to tax the rich more. At what point will the rich revolt and take their money/business elsewhere?
Originally posted by whoshotJR
reply to post by links234
Why do you think that just because somebody makes more money they should need to pay in a higher percentage of taxes?
Why shouldn't it be a flat percentage or taxed on what you spend, not what you make?
In fact the big money is shipping more jobs overseas than ever before in the quest for even bigger profits than investing in America and American jobs.
Here's the point. You and I do not create jobs. However, a business does, my earlier post also makes more sense, instead of income taxes being cut for upper income people, how about lowering business taxes?
Businesses create jobs. Individuals while helping businesses do not directly create jobs. Cutting business taxes makes more sense for job creation because a business owner who pays less in business taxes may be more likely to add a new employee or two to their business. Thus giving me and my "lazy" and "worthless to society" ilk the opportunity to work more, gain more income and to the conservative mind be worth more to society.
Of course you are forgetting that the wealthy also invest. Now part of these tax cuts are capital gains tax cuts are they not? Well, dividends on those investments do not make jobs. Although Newt Gingrich would like the capital gains tax reduced to 0 it still won't guarantee any jobs created by the wealthy.
Originally posted by jdub297
Capital gains are exactly why people start businesses. They want to saee their capital grow through more business profits. Take away their gains, and you take away the incentive to be in business in the first place!
Until you understand you have little to contribute here.