Do Tax Breaks for the Rich create Jobs what is your opinion

Post Reply New Topic

Do Tax Breaks for the Rich create Jobs what is your opinion ?

Nope, rich people don't think about long-term, only about their insignificant little lives. So they'll make more profits, and socialize the risks, because that's how they get away with it and we end up paying even more than those tax breaks would've gotten us. Not to mention most of that tax break money ends up in fiscal paradises offshore. <.<

Edited to add : Trickle down economics are wishful thinking.

Tax breaks for corporations may.
Giving rich people excess wealth income imho creates the boom and bust cycles.

i agree
the problem is differentiating the two,
encouraging company growth while minimizing CEO salary.

one way is increasing personal income tax rates for the highest brackets.
if it going to cost a company $200 million to give a CEO a $10 million take home
they may reinvest that money in the company.

My opinion now is that they don't. If I get rich, my opinion will be that they do. But in reality they still won't.

this my friends is an example of the Marxist idea of class effecting political views.
Ah silly Karl people never care about their own interest.

Last edited by JakobVirgil on 28 Sep 2011, 2:57 pm, edited 1 time in total.

It will work if the tax breaks are for corporations who agree to hire X number of American workers at X wage for X length of time.
Otherwise, no.

Perhaps but only for faberge egg makers.

The problem is that if X length of time lasts longer than a tax year, the government is buying a pig in a poke. And if the X length of time is only the tax year, it provides companies with incentives to turn people over quickly.

I have long held the view that US corporations are overtaxed, and that wealthy individuals are undertaxed. A good, solid tax cut for corporations, ending existing tax breaks, ending unequal treatment of capital gains and dividend income will all go a long way toward putting US tax policy on a cleaner, more transparent setting, and provide corporations (both large and small) with somewhat better financial capacity to create and maintain business lines (and hence, employment).

By Rich I assume you mean businessmen. So far tax breaks and subsidies for large Corporations have only encouraged their poor behavior.

The engine of a genuine capitalist system small and medium size firms who are not subsidized by government.

All the tax breaks and bailouts have done thus far has been to make the Cronies fatter and stupider.

ruveyn

It depends.

When nations were taxing the rich at 90%-105% it did have chilling effect on investment by rich people, the bureaucracy and incompetence frequently involved in government making investments with that taxed money meant it was a good idea to cut taxes for the rich and let market forces work.

Today we are getting towards the extreme on the opposite end of the scale, taxes on the rich are ridiculously low, tax evasion is endemic and the tax code is full of loopholes and special exemptions. coupled with the free movement of money it means that the wealth built up by the middle classes over generations in the west is rapidly being siphoned off and shipped abroad to find maximum returns in the developing world instead of that wealth being circulated around the economy in a healthy fashion.

Have tax breaks for the rich and big corporations created any jobs? I think the answer is evident.
Pst: that's no!

-Bill, otherwise known as Kraichgauer

The title should be changed; the jury is no longer out on this question. The data pretty conclusively indicate, 'no.'

Probably not. To be fair to the data though, the policies the US took: deficit funded tax cuts, wouldn't create jobs in all likelihood anyway. I mean, deficits undermine capital investment.

There is more to this than tax breaks or tax increases. How about you look at all the idiotic regulations that are being churned out of Washington so fast, I'm surprised their computer printers haven't melted down (wish they would).

There is no predictability, only a complete idiot would invest in a climate like this.