posted on Oct, 2 2011 @ 05:10 PM
I was talking to a Democrat the other day and he said that higher taxes on our Job Creators can create Jobs because higher taxes give the Rich/Wealthy
an Incentive to keep their money inside their Businesses therefor they will invest to avoid higher personal Income Taxes on their personal Income can
anyone disproove his claim please only Republicans and Right Wingers answer if you are a Democrat/Liberal/Progressive don't answer this question
thank you ?
do high taxes create a stronger economy?
I used to run a small business -- a commercial film production company.
Every time we took a dollar out as personal income, it instantly turned into 50 cents.
If we didn't really need the money, that was an incentive to keep it in the company and to find ways to spend it that took it out of the taxable
profit column but increased the value of the company.
High taxes create an incentive to reinvest profits into long-term growth.
With high taxes, the only way to retain the bulk of the wealth created by a business is by reinvesting it in the business -- in plants, equipment,
staff, research and development, new products and all the rest.