SI
SI
discoversearch

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: DMaA who wrote (231818)2/27/2002 5:50:05 PM
From: Mr. Whist  Respond to of 769670
 
You assume that if we allow businesses to keep more money, pay less in taxes ... however you want to phrase it ... then that will expand the apple-pie economy and, in turn, expand tax revenues for Uncle Sam.

That assumption is valid only if one is certain that Big Business will act altruistically ... for the common good of the people.

In fact, the opposite is occurring today. CEO salaries have skyrocketed while the common working man has barely kept pace with inflation over the past decade. At the same time, more and more jobs are being shipped overseas.

I would only favor extending breaks to Big Business if the American people received some guarantee that the money would be used for the commonweal, and not to buy more Aspen resorts for the Ken Lays of the world.



To: DMaA who wrote (231818)2/27/2002 8:55:10 PM
From: Fangorn  Respond to of 769670
 
DMA,
re <If I could teach you one thing, it would be that the pie is not a fixed size. It can grow, it
can shrink. When it grows, the tax burden is less on everyone. Cut marginal tax rates, the
pie grows - at least EVER TIME IT HAS BEEN TRIED so far.

Cutting taxes for Big Business means the American middle class would have to
shoulder a larger burden.
<

Your response to Flappy is true but misses Flappy's misconception. In fact Business does NOT pay taxes at all. Every penny of tax paid by business, big, little or medium is passed on to the consumer of said business's product or service. The middle class as the major consumer of all goods and services is the group most hurt by business (corporate) taxes which makes Flappy's statement complete nonsense.