Quote:
Originally Posted by waynet
I think some of you are missing a very important point to these demonstrations. It has to do with the personal pocketbook of many Americans. More than 46 million Americans now live below the poverty level. Thats the highest ever. Unemployement is at 9%. The gulf between the rich and poor is at its widest since the 1920's. Yey these same Americans see record profits,huge bonusses given and either get laid off or not hired. These are the people the tea party should be marching with.
|
I'm not jealous nor do I care about the bonuses. If an executive saves a corporation money by trimming it's debt, maybe he deserves it. A corporation is in the business to make money. If there is a profit to be made a business will pursue it. You pile on taxes and regulations that strip business of their money, they halt activity or move it offshore.
Business needs incentive to expand. Expanding business means jobs, and jobs means higher revenues for government through taxes than they can ever get by "soaking the rich", which we are already doing.
Cain's plan would indeed benefit business by providing them with costs with a certainty. Repatriated business would not be taxed. That will encourage business to return business from offshore to take advantage of the new playing field.
There is much more to this plan than the surface points of 9-9-9. Please read up on it. You might be surprised.
It will take drastic measures to save this country. We will not nickel and dime ourselves back to prosperity.