That's the truth

obama tried working with the republicans the first 2 years he was in it was about fixin america that bush broke !! and the closed minded old time republicans was more worried about makin sure the first black democratic president failed than getting this country pulled out of near depression . while the whole time the middle and lower class r losing their jobs and houses and the republicans dont want their millionaire supporters to chip in a lil more to help fix the problems that they caused !!! thats the truth god bless america!!

I still hardly see any arguments defending Obama's record. Bush this bla bla, Romeny that bla bla, Romeny's rich blah blah. In case anyone has noticed, Obama is doing just fine himself, he's got a huge pension, he's got money invested off shore. It's okay for him?

There is no fucking way you just cited wiki answers...

I would assume that most people with a million dollars to spend would already be business-owners. Or, at least, that the richest of them are.

So we would be giving tax cuts to people who already own businesses (which would probably have to be successful, otherwise how would they still be making enough money off of it to stay in the high income brackets?), and if my somewhat over-the-top economics teacher in high school taught me anything, it was that businesses don't hire more people just because they have more money to spend. Everything I've learned from then has corroborated that point.

no they dont hire because they have mroe to spend, but if they have an opportunity to make more money then they will hire more workers if it will lead to profits

Last edited by Sun_Tzu 13 years ago

But that's still independent from having the tax break in the first place. We just give the companies more to work with, but many could hire more workers to meet their projected supply without the tax breaks.

when the government collects 50% of its profits it takes a lot away, say a company makes computer mouses, they want to get into the business of making keyboards, they might spend 500k on new equipment, 50k on research and patents, 50k on training a whole new set of workers, and whatever other expenses there are(just an example the $ just to prove a point) and hires another 50 workers to make them

the company has invested a lot of cash into this new product, which may not be successful, it mail end up failing and be a bad investment

if the company may only make 100k a year on this new product line with 50k after taxes that means it will have to operate for 10 years to get its money back, not including new technology and research/training to keep up with the competition

is it worth it to that company to put the money into it? risk losing all that cash, or just sit on the profits it has...if they have the opportunity to make the full 100k then they are more likely to risk it