Quote:
Originally Posted by AdultKing
Trickle down economics doesn't work. The politicians embracing the idea of trickle down economics aren't limited to the United States, we have them here in Australia too.
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This never works. Taxes goes up and taxes go down. When taxes go down I don't pay people more. We give out Christmas bonuses, but these do not depend on taxes.
Large companies have teams of accountants who decide what to do with that money. And trust me, they will make their decisions on how they can use that money while avoiding paying yet more taxes.
When ever I discuss such topics on GFY I think of Minte who used to post here. He claimed her started in the mail room and worked his way up to CEO without mentioning the fact that his father owned the company. He was also the guy who swore it was a bad business environment under Obama while expanding his business in a huge way, including a $200k fountain (which he promptly wrote off his taxes). I am guessing Minte does tens of millions of dollars in sales each year, and I am sure he got a huge kick back from taxes. Do you think he gave everyone on his janitorial staff a $20k bonus, or do you think he bought himself a few new exotic sports cars or a new vacation home.