Forum Post: The answer is right before us.
Posted 12 years ago on Nov. 4, 2011, 6:15 p.m. EST by NortonSound
(176)
This content is user submitted and not an official statement
Taxes on the few thousand 1% individuals?--keep your money! That is not going to make a difference in funding a social safety net. The corporations who are hoarding money while laying off workers and oursourcing are the source of stifled exchange. That money, if it is just sitting there is being held back to intimidate the average person and make even those still working fear for their job status. TAX THE STAGNANT MONEY. TAX THE STAGNANT MONEY, TAX THE STAGNANT MONEY, Sorry about that, but what we need to tell our leaders is that all we need to do to get that money flowing and jobs going is to, ahem...welll you know. Pass it on! Have a great weekend!
Your link is not working, my friend.
You need to study the tax code. We already have the AET Accumulated Earnings Tax. The IRS just doesn't enforce it often. Hehe
And?
If they start enforcing it will hurt profits. Shareholders will demand that we cut costs to offset the loss. We will layoff if we have excess capacity or outsource if we don't.
Shareholders are also beginning to see that it is the flow of exchange not the hoarding of dollars tha keeps capitalism alive, the air supply is being choked off, and soon there will be fewer and fewer customers. Layoffs and capital investments will be the kneejerk reaction, but once us shareholders realize that there are now half a billion new hires out there they will make a u-turn and deamand that we hire the best workers to capture the new boom.
True and all good points. It's a chicken and egg issue. I'm just not sure enforcing AET is the answer. Shareholders would demand a special dividend before paying AET. At least the div would be some exchange.
Upgrade!
Agreed! You are totally correct on the 1%. Waste of time to focus there.
Yes, a distraction, but an understandable mis-targeting of the problem, as the corp's would gladly sacrifice even them to preserve their desire to limit competition, I think. Just one more mega paycheck, God, I promise not to squander it this time! lol.
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