Quote:
Originally Posted by Barefootsies
It's bullshit that only idiots believe.
A business is only going to hire or expand if there is a NEED. You can raise and lower taxes all day long, but if their own market (cars, finance, manufacturing, etc.) is not seeing growth... it's a fools errand.
Taxes may play 'some' part in the equation, but its' a very small one. If there is confidence, growth and stability in the marketplace, companies will expand. It really is that simple.
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Every newspaper should re-print this for truth.
Companies hire when they need to. They buy shit, when they need to. It's all born out of necessity. Taxes are an after thought. You can have tax credits to hire people all day long, but what will still matter is if people are needed / if there is a role for them to fill.
CONFIDENCE + PERCEPTION is what drives the world economy. The economy sucks cause everyone is down. People buy less, conserve, etc. When things are going "great" people buy more. They think they have enough cash in their pocket to buy more shit. It's all a game of turnover. If you listen to what any of the GREATS like Warren Buffet / George Soros say about the bailouts. The $ was whatever to the banks, in some instances the banks didn't need it. The main function was to send a message to the world that the US gov't would back everyone. This was to create confidence, and a backstop against a massive run on all the banks, which would've ended in real contagion. It was a CONFIDENCE play.