Quote:
Originally Posted by Paul Markham
Dropping taxes to stimulate growth is a stupid idea. Money spent is money spent, be it the Government or private person. The only difference is the super rich who hide their money from the government.
Like the owners of Amazon, Google, Apple, etc. And the way they do it proves the tax system is badly out of date. Luxury items should carry a higher rate of tax, import the goods and still apply a higher rate of tax, move production offshore and then pay more tax on the imported goods when sold.
|
Lowing taxes on companies doesn't make companies expand and hire more people. Companies expand and hire more people when it's profitable to do so.
My wife and I own a bricks & mortar business. Hiring more employees at our main location isn't going to increase our profit. We hire enough employees to cover our needs. It's not like "You gave us a tax break, I can hire more employees". If we hired another ten employees they would have nothing to do.