bobcat
Regular Member
imported post
'Proportion' doesn't build or capitalize a business, significant sums of money does. And that money comes from successful wealthy folks. Tax them into oblivion whether that be income tax or capital gains from investments and they will find perfectly legal ways to move the money into investment instruments that have more favorable tax liabilities. That means that money is not going to be maximized for business expansion and maybe NOT even in this country. For example Irelands corp tax rate is only 13% and I'll let AWDstylez tell us what this country's onerous corp tax rate is.
By the way, a corp tax is just another tax on the consumer. All corp taxes are compensated for in the price.
Poor people simply don't make enough money to buy much and certainly are not in a position to capitalize a business with their own money or even a banks money (that's where the wealthy keep a significant portion of their $$ when not invested). An no bank will lend an individual money unless they have collateral or a track record of good business practice (successful wealthy folks) for a leveraged purchase, unless of course the government comes in and says do it....
'Proportion' doesn't build or capitalize a business, significant sums of money does. And that money comes from successful wealthy folks. Tax them into oblivion whether that be income tax or capital gains from investments and they will find perfectly legal ways to move the money into investment instruments that have more favorable tax liabilities. That means that money is not going to be maximized for business expansion and maybe NOT even in this country. For example Irelands corp tax rate is only 13% and I'll let AWDstylez tell us what this country's onerous corp tax rate is.
By the way, a corp tax is just another tax on the consumer. All corp taxes are compensated for in the price.
Poor people simply don't make enough money to buy much and certainly are not in a position to capitalize a business with their own money or even a banks money (that's where the wealthy keep a significant portion of their $$ when not invested). An no bank will lend an individual money unless they have collateral or a track record of good business practice (successful wealthy folks) for a leveraged purchase, unless of course the government comes in and says do it....