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Charles Fuckhammer posted:cutting marginal tax rates (thereby spurring growth) This bit is what always bugs me, every time I hear someone say it. Lowering tax rates does not loving create growth. If anything it discourages growth as it presents incentive to hoard post-tax wealth. Since the decision would be as follows: "If I start cashing bigger checks from my business" a) It won't go into my pockets b) It won't go to my business c) I'm better off letting that wealth reside within the company and leverage it into expanding so that my company retains longevity and lasting value as opposed to being a short-term flash in the pan after which I get no more checks. Instead, cutting those taxes generates the incentive to take the money out of the company instead of leaving it in the company as the tax rates are conducive to money not being in the company.
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Aug 9, 2011 11:05
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| # ¿ Apr 25, 2024 15:58 |
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