The way to improve the economy is through tax cuts, not tax increases. Tax cuts work because it give employers of small businesses and even large, the ability to pay their employees a higher salary and create more jobs. If you begin to tax the so called "rich business owners" they will not take a cut in their own salary, but rather lay off workers or decrease wages. Also giving money back allows more opportunities for investment in the market and spending in general. Increasing taxes would discourage a person from starting their own business because the risks would greatly outweigh the potential rewards.
In addition to hurting the economy, redistributing wealth through taxes is simply un-American and anti-capitalism. What people like Hillary Clinton want to do is a direct play from the communist book in Soviet Russia.
2007-10-26
09:07:22
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2 answers
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asked by
true_skillzzz
1
in
Economics