Quote Originally Posted by JaySin
If someone is making over $250,000 and they are not having a surplus of money every year, then there is something wrong with how they are spending their money. There should be no reason for them to need to lay off any employees just cause they can't afford to run one of their ten fountains in the back yard or whatever rediculous things that might add up to having to spend that much.
The business makes 250k.. which is used for further expansion of the company. The reason is not for you to determine; it is for the business and investors to determine. Your perception of what is rightand wrong is just that.. your perception and nothing more.

A business is entitled to make profit and protect it's investors. You don't seem to be able to grasp this concept.


It all sounds good in writing. We give them their tax cut, they use it to improve their business, so in turn they need more employees and can produce more product or provide more services. That or they already have a good business running, and they use the extra profit to lower prices of their goods and services.

Holy crap, we all just won big off of that idea.

The problem I see is this...

The companies see this extra money come in and say "Hey, I've become bored of my $250,00 (or more) a year lifestyle, let's kick it up a notch" My business doesn't need updating or any prices lowered, cause people are already paying the prices and I'm makeing profit, so who cares.

Oh crap, you're telling me that I was doing bad business practices? Well, my business is so huge that if it drowns, lots of people will lose jobs and it could hurt the economy. Come on government, you HAVE to bail me out. What would you do without me? Then come next election maybe you can lower our taxes a little more and help me "improve my business".
You're really reaching for something to grab onto here. You are making the assumption that all businesses have bad business practices when that is not true at all. Also a number of people who created the situation you're describing are currently advising Obama or the people who pressured the financial institutions to give out sub prime loans that helped to sink the market occurred is the same party that is proposing cutting taxes for the middle class (which is a red herring. You won't actually see much of a change from pay check to paycheck).

That is an argument for another time.. back to your assumption. You cannot make tax changes or legislative changes based on what you speculate.

This is the same as arresting someone because you THINK they'll murder someone.

Again your arguments point to what you think will happen from a personal standpoint as opposed to how things typically work when viewed from a business stance.

That's not to say it's not plausible.. but it's not likely either and you can't constantly speculate otherwise. If you did then nothing would ever get done.

Now if you give that tax cut to the lower income population then they will be able to spend more money on the things that are already higher cost. So with these people spending more money, the businesses will probably see the same profit after taxes even though the taxes went up. Hell, maybe they'll even increase their profit.
Maybe you didn't see my other posts where I did the math but here.. I'll do it again.

At the low end of the spectrum people making about 18k/year will see a tax reduction of $567/year From Obama's tax plan... Which comes out to roughly $11/week less that you are paying taxes on.

At around 66k Obama plans to cut taxes by $1042/year.. this comes out to be roughly $20/week.

So tell me.. how is this going to spur the economy?

Now tell me... How is a company that was making 100-200 million a year that get's 6% of it's profits ripped away from it due to new taxes going to react?

Which one has the bigger impact on the economy?
daihashi Reviewed by daihashi on . Obama Bombshell Redistribution of Wealth http://www.youtube.com/watch?v=iivL4c_3pck Bit of an agenda here....sounds real similar to the preachings of Rev. Wright. Have a good one!:s4: Rating: 5