I would like to explain to you who the "bad guy" in this nation is. It is not big business. It is the big government. In the words of Ronald Reagan, "the government is not the solution to the problem, the government is the problem." If we want to rely on the government as our source of guidance and strength as opposed to our own merit and achievement, that is fine. However, you are in the wrong country if that is your idea of government.
I digress, the point here is how taxes on the rich and on big businesses affects us and not them. When we look at rich people, you have to take into account the fact that these rich people, with exceptions, were not born rich. Note: those who were born rich, their parents before them probably were not. The point being, they had to get rich somehow. The government did not say, "o.k. you you and you are now rich and poof, they're rich" They had to go to school, learn a particular trade, utilize that trade and then manipulate it to a point where they had the money together to start their own business. From there on, they had to work harder than most of us will ever work in our lives to ensure that their business survived. After working hard for many many years, they have finally gotten to a point where they can enjoy the fruits of their labor. Along the way, unless they are some sort of super hero unknown to mankind, they had to expand their company and employ other people. In this day and age, unless we own our own company we, generally speaking, work for someone else. Whether this company be large or small, they are a company that employs people and chances are, whoever is at the top of that chain is rather well off, with quite a few success stories along the way. You have to think when a politician tells you that the rich are keeping the poor poor and that we must take away their money because it is unfair. This is propaganda at best. The way that the poor are kept poor is by taxing the rich. The key word here is rich. If an individual is already independently wealthy, they do not really need any more money. The people that the president elect talks about taxing are those who are most assuredly wealthy enough to retire and live for several lifetimes. It is also a proven theory that when tax rates become confiscatory, government revenue decreases. We can see this in the principles i have just explained. If you are a rich person and you already pay more than 50% of your income in combined taxes, are you going to be more willing to create jobs when your taxes go up. Those people who are wealthy enough to create jobs for others are far more willing to make an investment into more capital when they have more money to invest. The idea that rich people will merely squander away the additional money they would have if the tax rates were lowered is not only ludicrous, but has been proven to be wrong.
Rich people don't need the extra money as i have said before. If they have it and could do something philanthropical and get a tax break, or if they were incentivized by a government tax abatement to create more jobs, they will of course put their money their, because then they end up with more money and the economy ends up with more jobs.
This is the whole idea of trickle down economics. When the tide rises, so then do all the boats in the water, not just the yachts but the rowboats and the tug boats and the sail boats and the barges. More money at the disposal of the rich equals a better and more prosperous economy for all.
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