taxing the evil rich

[Kriswest]

Finally someone that understands how it works, good post Pandora.

[d0rkyd00d]

If we don’t give them incentive to do business here, they can simply pack up and move on to greener pastures, which in the long run can hurt our economy here.

Isn’t that what they’re already doing? Outsourcing to other countries to get bigger profits? As Xunzian mentioned in another post, there is infrastructure here. There are consumers here who are willing to buy products. Is it healthy to be frozen by fear that large corporations will move elsewhere, allowing them to do anything they want for record profits so long as they stay in the U.S.?

[Rouzbeh]

How can you people make posts like this given your knowledge of the communist scare, which is one of the reasons for fear of socialism in the US, while witnessing the economic status of Europe. All the while witnessing first-hand the results of over-deregulation. Amazing.

[capslockf9]

@Pandora

@Impenitent

The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, or attack them
for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

I am not an economist or anything like that, but this is one of the reasons why I am wary of the plan to pass the tax burden onto the big businesses. When the rich benefit, the poor will benefit also (trickle down effect). But, when you hurt the rich, everyone else will eventually end up getting hurt, too. Businesses are not social welfare organizations; nor would they like to see themselves as such; they are, first and foremost about profit. They have to make profit to stay in business, and if we reduce their profit margin, they are not going to just bend over and take it, they will pass the costs back down to us. If we don’t give them incentive to do business here, they can simply pack up and move on to greener pastures, which in the long run can hurt our economy here.

An american business that made smoke detectors in illinois closed down operations move across the border ( right after NAFTA went into effect) to a maquiador in mexico. You would think that the product would be cheaper, but surprise it retails for the same price as when it was manufactured in illinios. Tarrif free trade was another scam perpetrated on the america.