And people wonder why there is no confidence in the business community and why no one seems to be spending their dollars on hiring people:2013 tax increases should go into trillionsIn reply to:
Well we could just keep with our time-honored tradition of borrowing the money from the Chinese and from future generations of taxpayers. It would be easier for us.
The best way to pay our bills is to get this economy up and running, roll back spending and stop punishing companies for expanding. Here's what I would love to see: slash the corporate tax rate to at or below what the rest of the developed world is imposing, then go to corporations and use the money we're dumping into stimulus to incentivize them to bring those jobs back to the U.S. I guarantee you tax revenue would go up substantially.
Companies are already sitting on mountains of cash, Prodigal. All-time record amounts of cash, actually.
And as I've said continually, it's not a question of getting them money. It's a question of making USING that money profitable. Right now it simply isn't. Demand is low, tax burdens on hiring or high and there's no guarantee that the cost of employment won't shoot up even more if we get more regulation and more health care costs from Obamacare. If I have a wad of cash, why would I spend it unless I know it's going to generate returns? This is what so many on the left don't get about the economy right now. They think businesses exist for the purpose of employing people and spending money.
It's not the governments right to decide that individuals or corporations aren't spending money correctly or not. That's a false issue.
So your position is that they should be able to force companies to spend money if they have it? Maybe we can just tell them that they have to show a minimum 5 percent staffing increase across the board? or should we do an audit of their cash on hand and set up a formula that they must hire "x" employees for every $1,000 on hand?
If companies have to make their own wheelchair ramps why is the government giving money to solar panel companies to fail? They should fail on their own dime!!!!! If my company has to pay for wheelchair ramps and is vital to the security of the United States of America, why?
A $15 trillion national debt is a problem of centralization of power in the federal government, a.k.a. absolute corruption. So what does centralized government now do or has done that can be done by more distributed local governments? The centralized government must be treated like a monopoly and vast portions thereof fragmented back to the states.
