Are Republicans right do the Rich or the Wealthy create Jobs

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It's due to all the uncertainty, no one knows if the ground rules are suddenly going to change, if the White House is simply going to ignore them, etc. People generally do not want to play a game when your opponent is able to change the rules on a whim.

I'm waiting for his answer.

If business owners take home less than their employess and will pay higher taxes, then their employees earn more than 250K? Fail.

People create businesses because they have drive and an idea. A desire to do things one's own way, and to stop working for other people motivates business owners. Yes, you need capital, but that doesn't have nearly as much importance as motivation and inspiration.

I'm still waiting for any evidence that higher taxes on the rich kills jobs or the economy. I have provided evidence to the contrary, and here it is again.

The rich are a broad spectrum. This kind of thing, especially in the $250,000 and up, starts hitting sole proprietors, partnerships, and other small business people. That range between$250,000 and $1,000,000 are really the bread and butter of employment provision. The biggest corporations, unfortunately, can lean up simply from acquiring more capital and press fewer people to do more as well as pick up and set up shop over seas to send things back by ocean freight. Smaller companies on the other hand are fighting to grow here and if they can do well they're much more apt to bring on more people.

As for your chart - it brings up a chicken vs. egg question. Which lead the other?

Which is something your republicans and democrats have enabled and your fellow Americans have tolerated at best
and participated in at worst.

They ought be happy. For they don't have to live in armed compounds like the rich in South America do. I only wish that someday they'll face something far worse than life in gilded cage.

z

I, for one, have always wished that the wealthy should live in fear of lethal retribution.

Nothing wrong with being wealthy. As long as you have taken care to assure that those under your responsibility have been taken care of.

I dream of that glorious day when the angel of justice will "smash down all their plate glass windows and put a first through their steel-plated doors"


The wealthy and privileged deserve no mercy....for they have never offered any. Rather.....they deserve to have their bloated, toad-like carcasses impaled on stakes......Vlad Tepes style!! !!

I'm more of a live by the sword die by the sword guy.

It is beyond question that economic forces kill. People die every day because some stuffed suit somewhere decides that it is economically expedient that they lose the income that keeps them alive.

Only fair if they have an equivalent fear of death.

I think we need a new top bracket for anuual incomes of over $1 million, with a top rate that's progressively higher. I also like the Simpson-Bowles corporate tax reforms.

The chart, if nothing else, shows that high tax rates do not kill growth.

Go talk to people who actually have run or are running businesses and get back to me.

Businesses are taxed heavily from many sources. There are many financial obligations just to keep the door open, and I know of a few that actually fail to pay taxes on time because the money is needed just to keep things going month-to-month. In all this time, the owner IS NOT getting paid.

Why bother? Because if the business takes off and is prosperous the hope of BIG REWARD awaits you.

If you think people go and do all this work just because it gives them warm fuzzies to be their own boss, you are clueless about why people start their own business.

If you will heavily tax those making more than $250K/year classifying them as "rich" then the incentive to earn more than $250K/year is reduced. My mom and dad are sucking Obama's male anatomical member right now, but both acknowledge that when they had lots of work and got "bumped up" into a higher tax bracket, they were working extra days just to hand 100% of that day's earnings to the tax man. No incentive to come in and work extra days.

Hmmmm....and they think Obama's idea is good. That's insanity for you.

People with the means to start a business or who have a business and have the means to expand or start new operations and therefore hire more people WILL NOT DO SO if the government is going to snag their profits at near confiscation-level rates. Might as well maintain the status quo and be happy. To expand an operation involved financial risk the government does NOTHING to help out with. To start new operations involves that same financial risk. Either involves a huge amount of time and effort from the owner to get going and operate. If government is going to soak you with high taxes, where is the incentive to do the extra work.

Like my parents who did the "overtime" only to see government take 100% of it thanks to being in a higher tax bracket because of it, a business owner isn't going to sacrifice his free time he could spend on hobbies or with family just to see government seize the fruits of his labor.

Want more government REVENUE (and ignore Obama....REVENUE does not = TAXES)? LOWER THE TAX RATE. The Treasury Department's own figures PROVE that the Bush II tax cuts generated 1/3 more revenue before the 2008 economic crisis than what was being brought in before the tax cuts.

Cut taxes = rich keep more of what they make. Incentive to be more productive exists. Rich start being more productive. More income to tax.

It's a proven effect Democrats/Progressives BLATANTLY IGNORE. Higher tax rates net more cents/dollar but deprives productive people of the incentive to work harder. Result, you only get what you can get. Lower tax rates net fewer cents/dollar but gives productive people a reason to work harder. Result, you do gel less cents/dollar but the volume of increase in total revenue to tax not only compensate for the loss by lowering the rate but it actually brings in more total revenue for the government to spend.

Taxes is not always about fairness. It's about getting what you need to make things happen. If you want a billion dollars to help the poor. You could take rich people at 50% to get the money, but the economic impact might be disastrous. Meantime, you could just tax the rich at 10%, and not only get the money but not negatively impact the economy in the process.

It is the height of moronic intellectual thinking to say that tax rates have no impact on human behavior. The facts prove otherwise and psychology proves otherwise.

I know of several people who ran businesses and shut their doors because it was "too much work" for what they were getting at the end of the day. It was easier for them to get a job working for someone else where they had set hours, set duties, set responsibilities, and legally mandated paychecks/benefits. At one time they were the person who created jobs for others to have, but they weren't getting enough back out of their effort to justify keeping those jobs in existence. So, they went back to just being another one of the "employees" and not one of the "bosses" who hired employees.

This nice theory has yet to be demonstrated.

It is very nice and cute when you guys keep saying it, as it is a widely accepted fact. The problem is that the low taxes in the US don't seem to be helping right now. It is almost as if the world was not as simple as you think.


It is far for being a proven effect. That's what it makes it so easy to ignore.


It is a very nice theory, of which the right on WP has not ever, EVER shown any evidence.

You keep saying that higher tax rates "punish people for being successful". How so? If everybody paid roughly the same percentage, being more successful would still give you more money.

The republicans and democrats have had plenty of time to experiment the "no taxes on the rich makes everyone happy" theory. It is very nice of you to sacrifice your country for experimental science. But after so many years and now that the federal government no longer has money to bailout the rich, you would think it is time to say the truth. Making the rich pay less taxes is just dumb and it doesn't really translate into more jobs. It was a fairy tale.

Yes indeed. In the end the turkeys come home to roost.

ruveyn

It has been demonstrated and proven many times. The progressives and liberals writing the history books like to omit these instances from economic history.

The problem you have is every place I find that disputes this position talks of things like the stock market and GDP.

What counts is REVENUE. Lower taxes, more incentive to be productive, more productivity, more income to tax. Raise taxes, less incentive to be productive, less productivity, less income to tax.

Obama and his ilk want to interchange "tax" and "revenue," but that is intellectual dishonesty. You can have more revenues from lower tax rates and actually reduce overall revenue with higher tax rates. Government should focus on what brings in the greater amount of total revenues.

When you toss in talk about the stock market or GDP, you are trying to muddy the water with utterly unrelated factors. This is about money coming into the coffers for government spending...nothing else.

* You have been demoted from political nut to conspiracy theory crackpot in Vexcalibur's scale of WP posters. (-4) *