SolomonVII
Well-Known Member
- Sep 4, 2003
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Raising taxes very often results in a net loss revenue for government. Taking money away from those who are the shrewdest with money is just not a good way of making the pie grow bigger. Taxes them more will only result in a smaller pie overall.I did some math...
A company employing [making 250k] 6 peeps and one manager will be paying out $102,000 in salary alone.
If taxes are raised to 40% for that company they will be paying out $100,000 on taxes.
The company must eat the losses of income thru theft and or loss. [Tax deductions never equal the rightful amount]
Plus that company must pay out insurances on the building and then the other operating costs to maintain business. Including costs for fuel for heating, and water, and other expenses on a monthly basis. And let's not forget leases on the building or rent.
The owner will procure very little at the end of the year..let alone end of the month.
So all in all, what will the owner do?
The manager will be chopped, the peeps will be cut to three and the owner will be forced to work hours where he could have paid someone who needs a job...
And another few options the owner would have would be to either shut down completely if this doesnt reduce his overhead or going overseas to rebuild and probably gain.
Anyone else see how this tax the rich structure is going to kill us?
It will not kill you, but the net effect will be to make everyone poorer.
Other countries have of course gone down that road. It has not killed them either, but few are as rich as the US has been, and most will be much poorer too without a welathy America as a market.
Also, there are still government warehouses filled with goods to help the victims of Katrina. Building bigger governments through redistributing the wealth through them is just not the most efficient way to help thoe poor and those in need either.
I think that GWBush could be given some credit for understanding that very often locla churches are the better distributors of charity than institututions. To be fair, Obama Barrack is not unfavorable to this kind ofredistribution throguh local churches either.
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