Forum Post: Why tax the rich only do middle class good.
Posted 13 years ago on Oct. 12, 2011, 11:19 p.m. EST by jdragonlee
(119)
This content is user submitted and not an official statement
Let one corporation down, there will be one hundred small businesses grow. Corporations actually kill jobs by their ability to monopolize markets and control resources. For example, without Walmart, how many mid-size stores still exit. When Walmart moves in a town, do you more people find jobs or more people loss their jobs? The same simple idea applies to globalization. When industrialized countries start to compete for the global markets, other counties don't stand a chance which only make them poorer. The rich only grab more so that they can grab much more. Greed has no bound. To tax the rich is to restore the balance, is to let middle class live. 90% of jobs are provided by small business, not corporations.
I do not believe in taxing the rich and that is not what the actual language of proposed legislation. the tax changes proposed are to remove something called subsidies. this is nothing more than welfare for corporations. research the terms -subsidies & corporate welfare- if you need clarity.
Monopolies can only exists with the assistance of government. Many small businesses still thrive even with Walmart in town. Some of them have to rearrange their focus but Walmart usually wins it's niche because it offers what the market wants, the same goods at lower prices. I know for a fact that Walmart supports local dairy farms in my area and probably is the largest customer of milk from more than one local dairy in the area. Walmart and large corporations are not the problem they are the symptom. Government is the problem.
How was that dairy farm before Walmart moved in town? It existed before Walmart supported it, right? Then it has its own way to survive, and company used to buy from the farm doesn't pay minimum wages, I believe. Walmart is not all bad. My point is there is no reason to believe there will be no jobs without big corporations. On the contrary, there will much more pay-better jobs without those corporations.
I think that is misguided. I think mom and pop stores or small businesses would be paying the same or less than "Walmart" pays. I think in places where there is a "Walmart" they do take over a niche that is very hard to compete with. But that just requires adjusting to the market. If Walmart didn't provide what people wanted then they would not be in business. I do agree that you do not need "Walmart" to have a flourishing economy but there are places that "Walmart" has helped as well.
Exactly, they're monopolists, so what we most immediately need is a comprehensive strategy, and related candidate, that implements all our demands at the same time, and although I'm all in favor of taking down today's ineffective and inefficient Top 10% Management System of Business & Government, there's only one way to do it – by fighting bankers as bankers ourselves. Consequently, I have posted a 1-page Summary of the Strategic Legal Policies, Organizational Operating Structures, and Tactical Investment Procedures necessary to do this at:
http://getsatisfaction.com/americanselect/topics/on_strategic_legal_policy_organizational_operational_structures_tactical_investment_procedures
Join
http://finance.groups.yahoo.com/group/StrategicInternationalSystems/
if you want to be 1 of 100,000 people needed to support a Presidential Candidate – such as myself – at AmericansElect.org in support of the above bank-focused platform.
What you're proposing would be destructive to the economy. You're suggesting raising corporate tax rates.
Corporations are already taxed twice. They pay taxes when they realize net income. They pay taxes, again, when the owners redeem or realize a gain on their original stake in the company.
To quote verbatim from your post, "Let one corporation down, there will be one hundred small businesses grow."
So what you're suggesting is raising taxes on, say, Amazon.com with $34 billion in revenues. Why should 33,000 have to lose their jobs just because you're unhappy about the economy?
So I take it you are happy with the economy??? Then I have nothing to say to you.
I don't have the answers to everything. I do know that raising taxes on U.S. companies will:
Agreed