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This idea that corporate taxes stifle economic growth is the true prattle. We've had corporate taxes for decades, and yet Canada and the US have managed to become the "premier" economies on the planet.
It IS possible to encourage business growth AND have them pay taxes. Cripes, you see it everyday. How many of YOU pay income taxes? But, you still go to work, work hard, be ambitious, and try to earn more. We need to make sure that the tax burden is not unreasonable, that is the key. We need to provide enough of a balance between personal and corporate tax in the gov't revenue equation, while allowing the gov't to provide the services that make our society great.
There are plenty of tax-free nations on the planet. Those nations are not being overwhelmed by immigrants from the G-8 nations.
Nike does employ US citizens, but could employ thousands and thousands more. Why not expect them to do so? Would Nike survive without access to the US consumer market? Nope. Why can't we expect them to chip in?
Okay, the argument that ANY corporate taxes just get added onto the bottom line and we consumers pay anyway is just crap. Companies in a COMPETITIVE marketplace cannot sell their product for a dime more than the market will allow. Regardless of cost struture. Young growing (growing!!) companies register little or no profit, and therefore pay no taxes. Established (profitable) companies have to compete in the same market. They have the benefits of being established and having had time to seek cost effective strategies.
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Remember blackmercedes that people with jobs pay taxes , no jobs= no taxes . People with no jobs are actually a burdon and a liability to tax payers . When the U.S. does not encourage big business this starts a circle that drives our economy into the ground . Regardless , that you think business and manufacturing are not moving to places that encourage them , they are , in droves . We lose , until we figure it out , that we have taxed ourselves broke .
Right. We agree. We need the JOBS. Jobs! You've said it over and over again, and I keep agreeing with you. But, your idea that corporate taxes are responsible for the loss of US manufacturing jobs is just propaganda from the corporate sector. They are tired of paying US wages. They are tired of US unions and labour legislation. They have broken down any managed trade agreements, and can produce their products in the cheapest environment possible, and SELL them in the most profitable market. It's easy to blame government for letting the manufacturing jobs disappear, as they colluded with business to eliminate any friction in the international market. Who lost? We did. Lost jobs. Lost wages.
How can doing more of the same thing that broke things fix it? We tore down managed trade. We cut corporate taxes like mad. We cut taxes to the rich. What is the result? Agrification of our economies, with manufacturing disappearing. Homogenization of the labour force, and a drop in real wages. An increasing spread int he gap between rich and poor. So, do we solve these problems by increasing the measures that created it? Sure.
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