Yes, that would ALL be good things with making the corporate income tax rate zero or some very, very low rate
Executive compensation would increase dramatically. (gotta put that cash to work, bigger boat, exotic cars etc) GREAT! We tax those "evil bastards" at 39% we hate them so much. This is more than the 35% corporate tax rate. You should be all for it.
Here in Taxifornia we add another 12.3% tax on those evil doers... Give them more money hiding in Taiwan buying USTs and we get more taxes!!!!
Also, the boat builders and Tesla auto company will be very happy they have extra cash to spend here in the US.
Stock dividends would be increased GREAT!
California taxpayers are on a HUGE hook to pay for lavish pensions that are not fully funded. CALPers and CALSTRS, the two largest pension funds, own a TON of stock so making the market go up and increasing dividends helps get me and future generations less in debt to State workers.
Also, I pay taxes on my stock dividends... I believe the rich pay about 20%... The government will get their share and it will be a LARGER total amount than they are getting now.
Share buy backs would increase GREAT
Again, CALPers and CALSTRS, the two largest pension funds in California, own a TON of stock so making the market go up gets me and future generations less in debt to State workers.
Now that I destroyed all your "negative arguments" I'll give the ONLY positive argument that matters. JOBS! Jobs will come back to the US if cash is spent here.
With any luck, all those new jobs will reduce the need for government assistance, pay their fair share of taxes and create even more jobs when they start to spend.
So, lets do it! |
