Explain to me how tax cuts to big business and the rich helps create jobs.

I'll throw in a few relevant comments. Firstly, everyone who pays taxes wants to pay less in taxes. Everyone wants to keep as much of their money as possible. Human nature. No need to make something political out of that. What happened in 2008 was that companies were hit with a bad economy and shed jobs because they had to. They soon discovered that they could operate well enough with fewer people so they didn't hire them back and their profits have increased over time mostly for that reason. Consumer confidence is still low. People still don't spend money like they used to. We're really still in a bad economy regardless of what the technical numbers are. But because they have fewer employees, business profits are better. It doesn't have anything to do with taxes or an improving economy.

One of the major reasons for the low consumer confidence is housing. When the lending bubble burst, house prices went down and appear to still be going down. So homeowners who bought real estate during the bubble period have seen their wealth declinen - a lot in come cases. It is a huge impediment to getting the economy back on track.

Finally, we have to remember that we have been sending our jobs and wealth abroad for about half a century. That has caught up with us. I agree with those who say that we need to grow out of the bad economy but I doubt that will happen to any great extent until housing starts rising in value again and we get the balance of trade under control. The government can't do anything about the former. It can help with the latter by imposing some serious tariffs but that isn't popular.

Jobs are out of the hands of the president. The only jobs the president can create are government jobs and those are on the spending side of the ledger rather than the wealth creation side of the ledger. What the president can do is get out of the way and stop making life more difficult for businesses. If Obama is re-elected all he needs to do is take the private sector he seems to hate so much as a necessary evil and leave it alone. Things will fix themselves in time. Maybe a long time, though.

 

It doesn't help; we have 30+ years of voodoo-economic history and experience, to show us that is the case.

 

You have to be more specific. The "rich" or "corporations" or "businesses" are not monolithic entities. It's true that corporate profits are up, but that does not mean the "average" corporation is doing better. Most of the corporate profits are concentrated in the financial sector, the one big government leftists told us we HAD to bail out with tax dollars and free interest payments. So, if you're angry about corporate profits, then be angry at yourself for supporting a banking system that allows banks and speculators to profit at our expense.

 

I'll make it simple:

Tax cuts give a greater OPPORTUNITY to create jobs.

Joe owns a company. He would like to hire another person, but Joe isn't sure if the hundred thousand dollars in his bank account is enough to be able to afford to hire another person.

Quiz:

Will Joe be more likely to hire another person if:

1) I give him ninety thousand more dollars

2) I take a ninety thousand dollars away from him?

 

Well actually the fair tax would stimulate growth. People aren't employing themselves and starting new markets partially because of the fraud and theft involved in the invention business. This is solved by allowing long term patents for idea's and prototypes to be filed at the expense of the tax dollar. Fortunately the government would have plenty of money to do things such as this if they would stop wasting money on the infrastructure of other countries and their corporate interest dictators.

If you raise taxes on the rich they will just charge you more for goods and services killing confidence in the market place. That's not economics its common sense. Like it or not right now we have a large corporation run economy, if you take their money, they will take it back.

The only way to rebuild a middle class is to protect the potential for ANYONE to create and grow new markets and businesses. You do this by ensuring that everyone's original idea's belong to them as their property.

 

Big business is not the job creator. Small business is the job creator. But to start a business you have to have some cash available to start it. Voracious taxation sucks up that loose cash and squanders it in boondoggles like our K-12 education system and Solyndra.

Job creation requires lower taxation and less regulation.

 

There is one thing and one thing only that creates jobs and that is demand by consumers (other wise I could end unemployment by opening a factory that made dinosaur leashes) and there is no better consumer than the well paid employee.

 

Government sir created the internet, they also make highways its really the same concept Government can at best facilitate growth It takes individuals with brains and guts to actually figure out a way to make good use of it. The Government never saw the internet as more than a useful meas to share info among it's various research appendages along came Steve Jobs and Ibm and Bill Gates and voila we have something that is about as close to what the government originally thought they were creating as a turtle is to a human being.

 

Explain to me how taxing ninety nine percent of all income helps the poor and creates jobs.

 

If you strip money from his boss in one way or the other where does he get the where-with-all to hire more people or give his current workforce a raise? Let's understand something here, the current tax rate isn't the problem the problem is that we have, through our tax code and other rules and regulations created a Brobdingnagian monster that forces businesses to spend so much money satisfying it's infernal lust for control of anything and everything that they spend more money on that than they do on anything that actually produces so much as a single widget. This has disastrous consequences for costs and price.

Our economy is hopelessly skewed in the direction of stock investments which is creating slowly but surely a stock bubble that will create 1929 or worse all over again. Contrary to popular opinion no one sane least of all bankers sit on their money such money loses value over time due to inflation sometime called velocity by leftist twits who wish to seem knowledgeable. Bankers have two ways t make money, loans and investing. Thanks to Dodd-Frank's new standards loans simply aren't going to generate a big return. The stock market on the other hand driven largely by the banking industry and large mutual fund groups is going through the roof driven largely by the lowest interest rates since we began latest flirtation with fiat currency in the seventies.

Understand the government is not the economies engine. It is the Brake, high taxes high interest rates and complex and convoluted rules and regulations all act as breaks on economic activity. There are times when these are needed and in fact necessary This isn't it.