Quote:
|
Originally Posted by Guest
You make a disappointingly narrow thesis. Corporations are currently sitting on 1.9 Trillion dollars in profits and the stock market is at an all time high. Therefore, no tax cuts are required. If the corporations want to add jobs, cut costs to the consumer or build plants, they have the means to do it now.
|
What makes you think that corporations want to add jobs or cut costs to the consumer? Corporations want to have as few employees as possible and have their prices as high as possible. They will only add jobs if they think they will make more money than. They will only lower prices if they think it will improve their bottom line.
Where exactly is this $1.9 trillion kept? If it is indeed profit, then they would have paid taxes on it. Why would a corporation sit on money?
The other problem with this idea of corporations are sitting on a large amount of money is that people that say it, look at corporations as one entity. It's the same as the "big oil" paradigm.
There is no "big oil". There are only several oil companies. There are perhaps hundreds of thousands of corporations, large and small, in this country. Do you think that they all get together and conspire to sit on money? I fact what they do is try to beat each other out of business.