Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (191033)	10/11/2001 2:50:50 PM
From: Mr. Whist	Read Replies (5) \| Respond to of 769667

Re: "If corporate taxes were reduced or eliminated then prices would go down in competitive industries." I respectfully disagree. In an "ideal" economic model, such might be true. However, we don't live in an "ideal" world. The extent of corporate welfare today has polluted the competitive spirit. What guides Big Business today is "the bottom line ... at any cost." If we look at what happened in the '90s, based on the stats that I laid out, workers only barely kept pace with the rate of inflation from 1990-00, while fat-cat CEOs saw their income jump more than five-fold. That's obscene. One of the biggest Big Business myths in America today is that large corporations are altruistic either to workers or to the consumer. Prices would only be lowered only as a last resort in sectors where true competition still exists. Workers would continue to get squeezed ... especially in the area of shouldering ever-increasing health-care costs. The only group that would be assured of benefitting from lower corporate taxes would be top management, already taking home 7-figure annual salaries. I reiterate: Lowering/eliminating corporate taxes would only increase the burden on the already overtaxed American worker.