by Jack Lee
Taxes are not created equal, for example when it comes to our corporate tax rate our 50 states combined have a rate higher than France! As you might suspect France is ranked near the top of corporate taxation, 5th in the world actually. And of those 50 states 24 have corp. tax rates higher than our first place country…Japan!
Gee, do you think this might explain some of our high unemployment numbers and why there’s this trend to do outsourcing? If the Dems have their way, our corporate tax rates will go up to help ease the budget crunch. That’s really the wrong direction!!!! We need to help our big employers be more competitive in the global market place, not burden them with more taxation or chase them out of the country because of high taxation. Why is this so hard for liberals to see? For most of us its a no brainer.
Corporate tax rates are lower than when Ronny Ray gun was president.
The Federal Reserve reports there is 37% more cash than three years ago. Cash–circulating cash–is what it takes to create jobs. This extra cash is not going to taxes, it is being transferred to the already-wealthy. It is being hoarded.
To answer your question, “Gee, do you think this might explain some of our high unemployment numbers and why there’s this trend to do outsourcing?” It actually explains a tiny, tiny fraction of those numbers.
A larger number of unemployed is explained by our stupid, sinful notion of making extreme profits off of the sick and dying. Fully one and-a-half trillion dollars–over 10% of GDP–is flushed down the toilet of health insurance which cures NObody! Imagine how many jobs one-and-a-half trillion dollars could generate! REAL jobs–not Eight-dollar-an-hour-jobs at United Health Care. The jobs are OF COURSE going to the countries where health care prices actually reflect the costs of health care. DUH!
Why is this so hard for the neo-conned to see?
For most of us its a no brainer.
Reagan lowered the corporate rate from an extreme high under Carter of 48% to 34%. After the malaise of Carter that change, along with some others and the positive outlook for the future that Reagan’s leadership provided made a big difference to monied investors. They invested and America prospered and grew. Obama does not share those leadership skills and policies…investors will hold back until they see that change. People need an incentive (the possibility of making money) to RISK the investment of what they already OWN.
Viola! Q believes in the free lunch! That’s becasue he thinks when you spend other people money it doesn’t count.
An BTW, Q…that perfect healthcare system you love so much is falling apart at the seams…no brains? Yes, that would be the cause.
I’ll agree the insurance industry needs to change…government running it would be the wrong direction and would only compound the rpoblems while costing even MORE!