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New Executive Order Idea: Raise Taxes Without Involving Congress
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Quote:Yes they are. They are everyday people like you and me that own STOCK in said corporation. And with Obama wanting to double the Capitol Gains Tax (It's in his budget proposal) That will take money away from everyday working people. Corporations will have to raise prices to cover the new "Tax" or lose profits. Profits that are paid to stockholders through dividends. The lower the profit, the less the dividends. And if Obama gets his way with the budget (capitol gains) that will mean less money flowing in to the economy and in to peoples savings. Sorry, but no. Corporations aren't people. Are they made up of people? Sure. But that doesn't make them people. Corporations don't have to raise prices to cover the new tax. They can choose to, if they think people will pay the higher price for their product. They certainly don't keep prices as low as they do to benefit us. I find it funny that it's mentioned that less money flows into the economy if we raise taxes on corporations... but the same argument doesn't work for raising the minimum wage to... you know, levels that at the very least match inflation. Which would <i>you know... increase the flow of money into the economy</i>. Because the people making minimum wage are the ones who'd actually spend their money.
I was wrong about Trent Baalke.
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