How to get corporate America to invest its record trillions in cash in jobs

How to get corporate America to invest its record trillions in cash in jobs September 20, 2011 10:02 am BuckGalaxy

This is one of the reasons President Clinton had a booming economy. He raised taxes on the wealthy. Rather than pay the higher tax rate by extracting profits for personal use and having it sit on the sidelines, they re-invested it, creating a chain reaction of jobs.

What we are seeing today is lower taxes leading to owners extracting money rather than reinvesting it. The cash sits on the sidelines in bank accounts, or in their wallets. So let’s raise taxes, and “force” this idle cash back into businesses for reinvestment and create the jobs this country needs.

So let me get this straight: the job creation engines are the tax breaks, investment write-offs, and other business ... by TB 2011-09-20 11:22:59
- EDITED: No. You've got it dead wrong. "... tax breaks, investment write-offs, and other business tax 'expenditures'" are tax ... by ER 2011-09-21 05:40:41
  - You are right about the dangers of "crony capitalism" (businesses using the power of government to serve their own ends.) ... by TB 2011-09-21 08:42:10
    - "Why not force the crony capitalists to move towards a more competitive economy?" By George. I think he's got it! Force? ... by ER 2011-09-21 08:56:38
- You don't read very well. Because of tax breaks, the wealthy are just SITTING on their money. Without ... by Eri 2011-09-20 22:12:19
  - And you're not reading at all. by TB 2011-09-21 07:37:54
    - But they are NOT investing. Which is the point. They are letting the money sit there. Got ... by Eri 2011-09-23 05:44:50
    - Tom, if it isn't taxed, he doesn't HAVE to invest in order to save it from the taxman. He ... by ER 2011-09-21 08:44:32
      - Okay, one more time: by TB 2011-09-21 08:54:25
        
        I saw the former Governor of Michigan, Jennifer Granholm, on the Jon Stewart Show overnight and she was quite impressive. ... by Eri 2011-09-23 06:01:55
        
        The Johnson Controls battery plant in Holland, Michigan. Federal grant for building the plant: $299 million. Michigan state incentives for ... by TB 2011-09-23 09:33:45
        
        We're not quite that dense, pal. We know exactly what is going on. Listen carefully. The rich used to be ... by ER 2011-09-21 09:10:47
        
        Are you saying that taxing someone at 90% is a "fair share? I really hope you don't think that. by Lee 2011-09-21 20:08:35
        
        Yes. Yes. Of course. The idea was to "get them to plow that back into productive use, like foundations, ... by TB 2011-09-21 09:13:30
        
        Cripes. Screw this. by TB 2011-09-21 09:20:41
        
        I apologize. You're right, I did not express myself clearly, in fact, I said something that was misleading, and it ... by ER 2011-09-21 09:55:59
- Bonus question: by TB 2011-09-20 11:36:49
Outstanding! Now why didn't I think of that? Of course, the "job creators" would rather actually create jobs than ... by ER 2011-09-20 10:40:29
- "Job Creators". Don't you just love that? It's right up there with "Patriot Act", "Peacekeeper Missile", "Death Tax", "Marriage Penalty" and "Freedom ... by ER 2011-09-20 10:47:58

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