westernrvparkowner wrote:
Stefonius wrote:
bob_nestor wrote:
Most people don't seem to get the point that the increased taxes on the rich and corporations get passed on to those who buy the goods and services from them. I've always maintained that the only people who actually pay taxes are the Middle Class - the rich can pass them onto others, the poor get tax breaks. Businesses are only acting as tax collectors for the Government.
History disagrees with that viewpoint. Prior to 1986 (when Reagan eviscerated the tax code), close to 90% of all government spending was financed by corporations and billionaires. Now that burden has shifted to the middle class. When you give tax breaks to wealthy and corporations, they don't miraculously create jobs. They squirrel it away offshore as fast as they can, thus removing those dollars from the US economy entirely. This is very, very bad for us.
Please enlighten me as to which evil corporations you think the world would be better off without. Personally, I am glad a corporate behemoth like Boeing makes airplanes instead of 5 guys in a shed in their back yard. Makes me feel a bit safer when I am 30,000 feet in the air.
Perhaps there is no Billionaire more hated than Donald Trump. Do you think the 22,000+ people employed by the Trump Organization would be better off without their jobs? Take a look at the richest people in the US. They are not idly rich, they are the owners and creators of the technology and businesses that make our lives better. The 500 largest publicly traded companies in the US (S&P 500) employ over 25 million people. I think you would find that the vast majority of those people are actually happy they are employed by large and profitable companies.
You do realize that most large corporations are publicly owned? You can become an owner of any of them with a few clicks of the mouse on your computer. Then you too would have ownership of those giant bales of money in offshore warehouses. You can become on of the greedy owners that gaze upon those stacks of hundreds while laughing an evil laugh at how they abuse the common folk. Don't hate the rich, take steps to join them instead.
They should be thankful that their employees have to pay the tax burdens instead of the corporation. I guess we should grovel at their feet in thankfulness.
Amazing that back in the '40's, 50's, and 60's corporations and the ultra wealthy actually paid taxes and we didn't have deficits like nowadays and somehow corporations and people still got rich.
If you own 90% of the wealth, you should be responsible for 90% of the taxes.
