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Originally Posted by SCUDSBROTHER
O.K., you say you aren't against the middle class, but you (and like Republicans) have a recipe that can only result in 2 classes.
1) Employers can pay employees the least amount that it will take to get people to survive, and come back to the job. It's 100% up to the employer. They don't want them to have to pay any medical benefits etc. Republicans claim that the market will result in the higher skilled employees being paid the most, and they are the ones that should get offered medical(if the company so chooses to do it.)
2) Republicans want low taxes on everyone, and everything. This results in low amounts of money raised to run a Gov't. They often favor a flat tax(same income tax rate for everybody...regardless of income level.)
3) Republicans want to keep Gov't expenditures low, and that goes right along with their low tax rate desires.
Now, it sounds o.k., but it never works. Whoever owns the company is gunna usually pay their employees the least of the profits that they possibly can. Then, they want to pay very little tax on their profits. Then, that results in virtually no money for the Gov't to correct the problems created when the employer refused to pay their employees much. The Republican response to this is what? All at once now......."GET A BETTER JOB."So,people upgraded their skill levels to get better pay and benefits. Should work beautifully, Right? It doesn't. You have a whole country(INDIA) full of people who tried this. Once the employers realized their were a lot of highly skilled people, they did what humans do, and they started paying less and less(because high computer related skills were easy to get.) Capitalism is about who has power. It rewards those who have the power(and their friends,) and punishes all others. What Republicans don't realize is we've tried it the way they want it, and it worked very badly. All these things they hate(taxes, Social programs, Medicare, Social Security etc. ) came about because their way didn't work. It creates 2 classes only. Sure, if you lower taxes on business, then there will be a lot of jobs. Almost all will be poor paying jobs. These businesses you say will move? Where they gunna move? Some place with low taxes and low paying jobs? O.K., so you want them to stay here(with low taxes.) What you gunna complain about next? I know. The companies want to move because people will work for less elsewhere. We are bankrupting these companies by paying people too much. Lets lower salaries to keep jobs here. It's endless, and that's why you live surrounded by low paid Republican hillbillies. If low taxes on business resulted in higher salaries, then the South would have the highest paid workers(they don't.) They have a lot of dumb Republican Hillbillies making Corporations rich.
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4) Some 70 percent of the corporate tax burden is borne by workers in the form of lower wages and fewer high-paying jobs.
7) A new OECD study found that corporate taxes are the most damaging kind of tax.
13) An EU study of 50,000 companies found that a
1 percent increase in marginal corporate income tax rates leads to a
0.92 percent decrease in real wages.
18) For every dollar the government collects in revenue, the corporate tax may actually cost the government $1 in revenue through slower economic growth.
edit~ the above, and others found in a link above, was written by "James Pethokoukis is the money and politics blogger for U.S. News & World Report , where he writes the monthly Capital Commerce magazine column. Pethokoukis is also the assistant managing editor of the magazine's Money & Business section. He has written for many publications including the New York Times, the American, USA Today, Investor's Business Daily, and TCS Daily. Pethokoukis is also an official CNBC contributor and appears frequently on that network's Kudlow & Company, Power Lunch, and The Call shows. In addition, he has appeared numerous times on MSNBC, Fox News Channel, Fox Business Network, CNN, and Nightly Business Report on PBS. A 1989 graduate of Northwestern University where he double majored in Soviet politics and American history and a 1991 graduate of the Medill School of Journalism, Pethokoukis is a 2002 Jeopardy! champion. "