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which government is "We the People`s oversight over corporations. Or we are the government.

2007-07-27 05:34:12 · 4 answers · asked by Anonymous in Politics & Government Other - Politics & Government

4 answers

Corporations were invented to stop the 10,000 year old tradition of complete government and religious control.

2007-07-27 05:45:16 · answer #1 · answered by freedom first 5 · 0 0

No. When you raise taxes on people based upon their level of success, you are actually punishing success. What incentive is there to invest in the US economy if you will be punished when you succeed? This is the reason the US economy was so stagnant and volatile prior to the 1980’s. Wealthy Americans and Foreign firms kept their money out of the US because the marginal tax rate was 71%. Why invest your money here? After the rate was lowered to 28% investments skyrocketed in the US. All of that hidden capital suddenly materialized. Businesses were created, savings increased, investment in securities increased, unemployment decreased and as a result of all of this federal revenues nearly doubled. Why? Because when people are punished for being successful, they will not be successful.

You don’t judge public policy by the goals you seek to achieve. You judge it be the incentives or disincentives it creates. Human beings are not numbers on a sheet of paper that can go the way your theories dictate. We are beings who respond in specific ways to various stimuli. This is something the politicians and socialists have refused to accept.

2007-07-27 13:05:12 · answer #2 · answered by flightleader 4 · 0 0

No. Corporate tax rates are different than individual tax rates. One has nothing to do with the other.

But your underlying point about ours being a corporatist government rather than a democracy is right on.

2007-07-27 12:42:02 · answer #3 · answered by ? 6 · 0 1

Corporations don't pay taxes, they are a number on the balance sheet. They still keep their profit margins. Corporate taxes are just another tax on consumers.

2007-07-27 12:38:42 · answer #4 · answered by booman17 7 · 2 0

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