posted on Nov, 13 2012 @ 01:50 PM
First off, the trickle down theory has been a scare tactic used by the right for decades now, and in reality, it doesn't happen and it never
Fact is, the less you tax businesses, the more they tighten the money belt. The reason why is unknown, but it is the truth. Paying out more actually
causes them to invest more into the workers and the community.
My husband's company is a perfect example: it is a part store chain that was making record profits during the recession. They reward their hard
working employees with chaning bonus requirements so that successful stores who got bonuses every month, now haven't gotten them since, and they cut
So no, trickle down theory, or companies having to pay out more money will go elsewhere, isn't true.
First of all, there are more costs to consider then paying more taxes or healthcare. There are levies and import taxes to consider. It still may not
be cheaper for them to go to another country and export here.
In fact, some Chinese companies are now moving there, to offset shipping costs.
So when you look into it, the equation isn't that simple. Though the GOP scare tactic tries to make it to be.
Fact is, the highest corporate tax was followed by the biggest economic boom this country ever had.