HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Joe: I can't believe I ha... » Reply #39

Response to soothsayer (Original post)

Sat Apr 3, 2021, 06:30 PM

39. If the masses are spending, corporations will do better even with higher tax rates.

Scenario 1: Taxes are lowered massively for corporations and the wealthy, with a very minimal lowering of taxes for the rest of the populace.

Scenario 1 result: Corporations and the wealthy greatly increase their financial strength.....the rest of the country....their financial strength is minimally improved at best, with a good percentage of this group actually losing ground financially.

Scenario 2: Taxes are raised on corporations and the wealthy, while the rest of the populace's discretionary spending is significantly boosted by a combination of lower taxes and the implementation of programs that support the financial health and clout of the overall populace.

Scenario 2 result: The vast majority of the populace does well, thanks to direct support in the form of lower taxes, and indirectly via programs that support the financial health and clout of this group. Corporations are taxed at a higher rate, but thanks to greatly increased consumer spending, they more than make up for that via significantly increased volumes and profits. The wealthy do very well, even though they are taxed at a higher rate, thanks to greatly increased consumer spending, which leads to significantly greater corporate volumes, profits, and dividends, along with salary and benefits increases for top executives.

That's right, the level of spending of the overall citizenry is what drives corporate profits. When policies promote that circumstance, EVERYBODY does well. Unfortunately, Republicans are shortsighted and greedy. They'll NEVER learn.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 51 replies Author Time Post
soothsayer Apr 2021 OP
Skittles Apr 2021 #1
wcmagumba Apr 2021 #2
stopdiggin Apr 2021 #6
Victor_c3 Apr 2021 #3
Beartracks Apr 2021 #15
11 Bravo Apr 2021 #17
Vdizzle Apr 2021 #43
KPN Apr 2021 #4
ShazamIam Apr 2021 #5
DENVERPOPS Apr 2021 #8
HuskyOffset Apr 2021 #12
ShazamIam Apr 2021 #19
taxi Apr 2021 #9
ShazamIam Apr 2021 #13
taxi Apr 2021 #23
ShazamIam Apr 2021 #30
taxi Apr 2021 #35
Demsrule86 Apr 2021 #10
ShazamIam Apr 2021 #16
PoliticAverse Apr 2021 #7
sarcasmo Apr 2021 #11
SWBTATTReg Apr 2021 #14
patphil Apr 2021 #18
Evolve Dammit Apr 2021 #20
Evolve Dammit Apr 2021 #24
WarGamer Apr 2021 #21
newdayneeded Apr 2021 #26
WarGamer Apr 2021 #31
WarGamer Apr 2021 #32
marie999 Apr 2021 #49
GB_RN Apr 2021 #36
WarGamer Apr 2021 #37
GB_RN Apr 2021 #44
WarGamer Apr 2021 #45
GB_RN Apr 2021 #46
CrispyQ Apr 2021 #47
WarGamer Apr 2021 #48
jalan48 Apr 2021 #22
RicROC Apr 2021 #25
Cha Apr 2021 #27
joetheman Apr 2021 #28
Upthevibe Apr 2021 #29
WarGamer Apr 2021 #34
HalfSleeves81 Apr 2021 #33
soothsayer Apr 2021 #38
LineReply If the masses are spending, corporations will do better even with higher tax rates.
tableturner Apr 2021 #39
BigmanPigman Apr 2021 #40
SheltieLover Apr 2021 #41
SheltieLover Apr 2021 #42
marie999 Apr 2021 #50
RANDYWILDMAN Apr 2021 #51
Please login to view edit histories.