i honestly believe that when a company's profits skyrocket, people should get bonus'

[herbivor]

Kershaw, what do you think consumers would do if they had more money (in other words lower taxes)............spend more, creating more demand?

Lowering business taxes (US has the highest in the world) would not simply just let businesses earn higher profits. All it would take is one manufacturer lowering his price to grab a bigger market share and the others would follow.


Look at the high speed internet market in Britain.

Rich people don't necessarily spend more when you reduce their taxes, nor do businesses. We also don't have the highest business taxes in the world. We are pretty comparabe to much of Europe. Lowering taxes alone doesn't stimulate the economy no moreso than having government amass loads of debt. There is a necessary balance of tax revenue, government spending, and regulation. Unfortunately the extreme ideologies in Congress are not conducive to negotiating or determining that balance. It's an all or nothing approach and so far we are getting nothing.

[Kershaw]

Kershaw, what do you think consumers would do if they had more money (in other words lower taxes)............spend more, creating more demand?

you're the point. during the recession, tons of people were laid off. not all of those people were rehired. so all that money just went straight into the corporations banking accounts.




how do you think that situation should be rectified? force the companies to rehire? raise minimum wage? tell the people that werent rehired they should stop sucking so badly?

[$hane]

tell the people that werent rehired they should stop sucking so badly?

This

[Kershaw]

how old are you, 17?

[$hane]

No, im not. Just drawing on some recent personal experiences. Our shop(cnc machine shop) decided to add 5 postions 2months ago. We have been through 15 people. There is a reason that they were without a job when we hired them and why they are without a job now. They all had zero work ethic. Were having a tough time finding people because all of the good people have jobs already! I know this is a very small scope of one industy but i feel it is not an isolated occurance.

I also dont see what business the government(one of if not THE most inefficient and wasteful entities in the world) has telling business' that are actually generating a profit what to do as far as their business model is concerned.

[LBJefferies]

Rich people don't necessarily spend more when you reduce their taxes, nor do businesses. We also don't have the highest business taxes in the world. We are pretty comparabe to much of Europe. Lowering taxes alone doesn't stimulate the economy no moreso than having government amass loads of debt. There is a necessary balance of tax revenue, government spending, and regulation. Unfortunately the extreme ideologies in Congress are not conducive to negotiating or determining that balance. It's an all or nothing approach and so far we are getting nothing.

You're right, we have the SECOND HIGHEST corporate tax in the world.

[LBJefferies]

interesting article on consumers creating jobs.

http://www.forbes.com/sites/johnthar.../job-creators/


very relevant to this topic. unlike religion. which is not going to turn around our economy.

This article is just more of the same "rich people would just pocket the extra cash" bullshit that I have heard time and time again. You need to stop posting other peoples opinions and speak for yourself.

Did you know that its damn near impossible and outright stupid to just pocket money? When a business turns a profit, a good percentage of that profit is turned around right away and invested. This is because of tax incentives as well as because money compounds and the more money invested usually means a higher return. It is in the best interest of those CEO's and in the interest of profits, to invest in R&D and jobs, etc. Also, even if those CEO's did take a high percentage of business profits, those CEO's then invest that money as their own. Because, like I said before, IT'S STUPID NOT TO. Hell, even operating a private jet (which is frequently used by progressives as an example of greed) means employing thousands of people.

Get it through your head Kershaw, PEOPLE DON'T KEEP MILLIONS OF DOLLARS IN SHOEBOXES UNDER THEIR BEDS. People will always invest if there is incentive for even meager returns. Investment is good for EVERYBODY. The more money that is invested and flowing through the economy, the more jobs there are to go around and the more prosperous the economy will be. This is not some theory of mine, this is a cause and effect system. It's NOT OPEN FOR DEBATE by liberal arm chair economists.

Liberal economist is an oxymoron by the way.

[ficklerx]

^
I know h0lmes' account has been hijacked for quite a while, but what did you do with the real h0lmes?