Those Who Are Against Corporate Tax Cuts Are Said To Be Idiots
Simply Because They Are “Retards” When It Comes to Understanding Economics
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It is irrelevant whether you have or have not actually been hired by a poor person. There are relatively more poor people who own businesses and do in fact hire people to facilitate the operation of said business. Owning a business does not instantaneously make you rich and there is no guarantee that it will do so in the future. Most small or medium sized businesses may never provide substantial income to make their owners extremely wealthy. That would require a number of external (social, economic, and political) and internal (ingenuity, drive, focus), as well as luck factors to align serendipitously for the owner to reap such fruitful reward.
Actually, tax breaks for those who can’t possibly afford to pay taxes are seen as one less obstacle out of many to spurring growth in a highly competitive and intensely capital driven market. Those savings would most certainly result in increased consumer spending, which in turn will be going to sustain or grow business in the form of reinvestments.
This theory that corporate tax cuts would increase employment sounds wishfully plausible, but without practical or empirical proof these statements remain myths. I believe the distorted view laid out in the diatribe by southernsideofme has complicated matters more by this oversimplification.
During the economic recovery from the financial crisis (initiated by a manufactured housing bubble that lacked proper regulatory oversight) money was free to borrow for large public institutions like banks, investment companies and insurance companies. The little to no interest cost to borrow cash can be akin to a tax cut in this instance (don’t have to pay to play scenario), however employment growth was anemic and what little was regained was only due to overarching regulatory oversight.
Anyone who follows the market trends throughout that period could see that companies simply…