President Barack Obama Message Board

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Politics : President Barack Obama

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To: Tenchusatsu who wrote (122609)	10/4/2012 2:54:17 PM
From: Road Walker	Read Replies (2) of 149317

That's so stupid. Employee wages are dictated by the labor market for the required skill set. No one is going to pay more or hire more just because profits are taxed at a higher rate. High taxes on profits DISCOURAGE investing because it significantly reduces ROI. So then I guess you would rather pay, say, and extra $500k in taxes than invest that amount in your business, and/or pay your workers more? Glad you don't work for the company I work for... we don't think that way. BTW I suppose you've never heard of upgrading your work force, which requires higher pay. ==== Thought experiment Ten. S&P 500 companies are sitting on record cash. If that cash were to be taxed at, say, 5% a year, you think they might spend/invest it? Which would, in turn, stimulate the economy.

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