Commanders Post at The Warpath - View Single Post - 2012 Presidential Election (free for all edition)

Dirtbag59 · 08-13-2012, 07:19 PM

I don't get why creating a climate thats business friendly within reason is a bad thing.

Say you increase the corporate tax rate to 35% instead of Romneys 25% proposal and all of a sudden an evil corporation making $100 million is paying $35 million instead of $25 million.

How many people can be hired with that extra $10 million. How many extra capital assets could be bought. How much R&D could be done with an extra $10 million. And we're going to trust that money to a dysfunctional government?

The bottom line is corporations don't care. They go where it's in their best interest. It's not personal to them. You raise taxes, force them to buy equipment to conform to ridiculous EPA regulations, raise capital gain taxes discouraging people from investing in the stock market and you can watch them go elsewhere along with potential jobs. They want to stay here. Logistically it's better to stay in the States closest to most of their customers, heck a lot of companies want to stay in the States but we're making it harder and harder.

You already see it within the country where practically the only reason anyone stays in New York, DC, and LA is because enough power brokers and decision makers have decided to stay there (ie Networking).

Meanwhile countless companies have moved to lower cost business friendly cities like Dallas Houston, and Atlanta to the point where those respective cities are ranked right behind New York for the highest number of corporate HQ's.

Bottom line we keep trying to punish the companies that could be giving us jobs and producing better and better products with higher taxes, costly regulations, and a population thats finding it harder and harder to invest in the stock market (which saw a lot of middle class people move up a few classes during the bull markets of the 80's and 90's).

We need to drop the grudge with Wall Street and let them get back work and in turn put people back to work. Granted regulations have their place and are vital to fair play but many of the laws passed by this administration have been overkill

08-13-2012, 07:19 PM	#508
Dirtbag59 Naega jeil jal naga Join Date: Jan 2006 Location: Atlanta, Georgia From: Silver Spring, Maryland Age: 40 Posts: 14,750	Re: 2012 Presidential Election (free for all edition) I don't get why creating a climate thats business friendly within reason is a bad thing. Say you increase the corporate tax rate to 35% instead of Romneys 25% proposal and all of a sudden an evil corporation making $100 million is paying $35 million instead of $25 million. How many people can be hired with that extra $10 million. How many extra capital assets could be bought. How much R&D could be done with an extra $10 million. And we're going to trust that money to a dysfunctional government? The bottom line is corporations don't care. They go where it's in their best interest. It's not personal to them. You raise taxes, force them to buy equipment to conform to ridiculous EPA regulations, raise capital gain taxes discouraging people from investing in the stock market and you can watch them go elsewhere along with potential jobs. They want to stay here. Logistically it's better to stay in the States closest to most of their customers, heck a lot of companies want to stay in the States but we're making it harder and harder. You already see it within the country where practically the only reason anyone stays in New York, DC, and LA is because enough power brokers and decision makers have decided to stay there (ie Networking). Meanwhile countless companies have moved to lower cost business friendly cities like Dallas Houston, and Atlanta to the point where those respective cities are ranked right behind New York for the highest number of corporate HQ's. Bottom line we keep trying to punish the companies that could be giving us jobs and producing better and better products with higher taxes, costly regulations, and a population thats finding it harder and harder to invest in the stock market (which saw a lot of middle class people move up a few classes during the bull markets of the 80's and 90's). We need to drop the grudge with Wall Street and let them get back work and in turn put people back to work. Granted regulations have their place and are vital to fair play but many of the laws passed by this administration have been overkill __________________ "It's nice to be important, but its more important to be nice." - Scooter "I feel like Dirtbag has been slowly and methodically trolling the board for a month or so now." - FRPLG Last edited by Dirtbag59; 08-13-2012 at 07:41 PM.