Editorials & Other Articles

quaker bill

(8,224 posts)

12. Rich people don't create jobs

Sat Jul 21, 2012, 06:50 PM

Jul 2012

it is too risky and does not pay enough. The truly wealthy manipulate financial instruments and stash their money off shore to avoid taxes. Ordinary business profits are taxed at 2+ times the rate of capital gains on financial instruments. Creating jobs raises your taxes and takes a long time to create profits. Financial instruments can be profitable today, and capital gains on them are taxed at a lower rate.

It does not take a rocket scientist to figure it out.

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16 replies

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Highlight:

Wealth doesn't trickle down – it just floods offshore, new research reveals [View all] Judi Lynn Jul 2012 OP

It trickles down Major Nikon Jul 2012 #1

it trickles down in the form of piss Skittles Jul 2012 #5

"Golden Showers" sounds kind of glamorous.... DCKit Jul 2012 #15

I wonder why Richard D Jul 2012 #2

Because it's not a tax haven nxylas Jul 2012 #4

Ah, of course. Thanks. Richard D Jul 2012 #13

Du rec. Nt xchrom Jul 2012 #3

And the rich pricks here have the audacity to want a tax break to bring it back thelordofhell Jul 2012 #6

They laugh at us all the way to their Swiss banks ErikJ Jul 2012 #7

Those are truly astonishing numbers. Curmudgeoness Jul 2012 #8

Yes this is a global problem Andy823 Jul 2012 #9

I have known some pretty Smilo Jul 2012 #10

Exactly, the super rich will put their tax breaks in foreign bans, not in US jobs. JoePhilly Jul 2012 #11

Rich people don't create jobs quaker bill Jul 2012 #12

K&R ck4829 Jul 2012 #14

Kicking shcrane71 Jul 2012 #16