So if it's logical that corporations only care about profit in light of Obamacare...

Ugh, this is so frustrating how you completely dismiss what most empirical evidence proves to be true and so non shalantly.

A tax is not robbery. A tax is a market correction because the model is not perfect. The free market model works because it provides benefit everywhere for everyone. When the model starts leaning to far one way and one group pulls far too much out of the economy at the expense of others, it needs to be corrected.

The pie only grows when excess money is spent. Due to recent tax policy, there is trillions of dollars sitting in banks not getting spent.

Bottom line, if you don't want higher taxes, start spending that money.

 

http://www.dev8.salon.com/2012/11/02/gop_kills_nonpartisan_tax_report/

After pressure from Senate Republicans, the nonpartisan Congressional Research Service withdrew a report that found no evidence that tax cuts for the wealthy spur economic growth.

The New York Times reported Thursday that the CRS pulled the report in September, ”against the advice of the agency’s economic team leadership,” after Republican protests.

“The results of the analysis suggest that changes over the past 65 years in the top marginal tax rate and the top capital gains tax rate do not appear correlated with economic growth,” the report concluded. ”The reduction in the top tax rates appears to be uncorrelated with saving, investment, and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie.”

From the Times:

“Republicans did not say whether they had asked the research service, a nonpartisan arm of the Library of Congress, to take the report out of circulation, but they were clear that they protested its tone and findings.

Don Stewart, a spokesman for the Senate Republican leader, Mitch McConnell of Kentucky, said Mr. McConnell and other senators ‘raised concerns about the methodology and other flaws.’ Mr. Stewart added that people outside of Congress had also criticized the study and that officials at the research service ‘decided, on their own, to pull the study pending further review.’”

“I wasn’t involved in the decision, as a matter of fact I was on vacation when the decision was made, so I can’t really add anything to what was reported in the NY Times,” Thomas Hungerford, who wrote the study, told TPM. “However, I certainly stand behind my work.”

 

The GOP is always trying to justify political favors to the rich who get them re-elected. And once again, GOP voters deny thel facts- in order to preserve their sanity and justify their cult like allegiance to a party who makes them vote against their own families' interests.

 

David Stockman, the architect of Reaganomics called it trickle down economics.... and eventually said it did not work.

 

Lowering taxes might free up capital, but free capital don't make no decisions at the job creation factory. It's placing faith in the same people that:

- Have not used their current wealth to create more jobs.
- Have fired people to save profit rather than providing more humane health coverage.
- Spend their millions on funding political campaigns and lobbyists.
- Keep their money offshore.

... to suddenly create jobs? When did they base their decisions on employment numbers, the economy, income equality, better life for others? Never. They never did and they never will. They don't believe it and who can blame them? That's what they teach in school - "Gain wealth, forget all but self". That's not what makes them rich, but that's what keeps them rich. Their hoarding of money. They will place their money in the banks/jurisdictions which charge everyone else the most and hence returns the highest interest on their own money.

So is it any shock that they claim they would be willing to create jobs - and make no mistake about it, it is a threat - if you SAVE them money in the future? lol Not really their money they'd be using. Just the money you agreed not to charge them for their burdensome nature. If you don't? Well if they don't get what they want, they just start firing people. "You see?? It's the market!! Our hands are tied!! The magic market!"

Just don't touch their money or else. Want jobs? Cut their costs they say. lol Screw em. Tax them to death. When you reach some semblance of equality, then maybe you can try out this free market thing in a market where 1% didn't get a head-start. Till then, they will hold you hostage.. simply because they can. Don't be so sure you wouldn't do the same thing.

 

Do you expect your right wing overlords to tell little people like you that the more you cut their taxes the less you will get in services and will never get anything from their tax cuts; that in fact they will just use some of their tax cuts to propagandize you further into thinking that they are job creators and will treat you well and you will make a lot of money if you are just a good boy, work very hard, don't, join a union, take your social security and put it in the market that always goes up and is free from manipulation by them?

 

The fundamental reason is that we're a capitalist country and people should be able to keep as much of their wealth as is both fair and feasible. That sounds cold and simplistic until you remember the system it evolved out of. That the accumulation of wealth is intrinsically exploitative, reinforces inherently oppressive class structures and creates a permanent risk of theft, rioting and revolt creates the incentive for paying taxes. Thankfully in a well-organized democracy revolt comes in the form of elections.

 

So what makes 35% a fair rate and 38% an unfair one? And what makes you think cutting taxes on the wealthy is feasible given our national deficit?

 

Im not sure what is to debate. The biggest reason corporations exist is to make a profit, not to be a big charity organization. Yes, that means the individuals who risked significant money and time are trying to get very wealthy. And yes, many individuals and/or corporations will do anything to make that extra dollar. And yes, this is why we need regulations to ensure consumers and others in the chain are protected.

The blind flaw in the liberal agenda is the automatic assumption that all businesses and corporations are all greedy thieves who only take from the poor and take for themselves. Sure, there are companies like GE paying no taxes, but trying to raise taxes or pass legislation to go after those millions of dollars often hurt the small companies who genuinely need the tax breaks and who will actually reinvested that saved money back into their struggling business.