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View Diary: Taxing the rich: it's not about "fairness" (182 comments)

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  •  Maybe I am being dense (0+ / 0-)

    but I don't understand your argument.  The rich guy in the first scenario is going to take all the money he can from the business.  The second guy is probably not going to because pulling the money out gets half taken away by the tax man.  It is probably a better bet that in the second scenario, the money is used for capital improvements etc. so that the company keeps making money in the future, dependable money.

    Having cash in a corporation doesn't get people hired, it tends to add to capital improvements...which creates jobs in the companies providing those capital improvements.

    "I watch Fox News for my comedy, and Comedy Central for my news." - Facebook Group

    by Sychotic1 on Mon Nov 26, 2012 at 07:43:04 AM PST

    [ Parent ]

    •  Or acquisitions (0+ / 0-)

      I don't think Apple is going to use all it's accumulated billionsjust to build it's new office building.

      High tech companies above a certain size only grow by acquisition.

      •  There wouldn't be billions if things weren't (0+ / 0-)

        already set up where they get to keep so much of the profit.

        Capital improvements include a certain amount of acquisition, like a new product line as well as a certain amount of R&D.  Looking back at the 50s and the 60s, what was the money spent on?

        "I watch Fox News for my comedy, and Comedy Central for my news." - Facebook Group

        by Sychotic1 on Mon Nov 26, 2012 at 01:29:36 PM PST

        [ Parent ]

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