Taxes are a small part of the problem, folks.
We're not going to solve the economic mess by JUST taxing the wealthy more OR BY taxing them less, either.
IF (and I say IF because I don't think the leadership really gives a rat's ass) we truly want to fix our economy, we've got to put Americans to work.
International corporations have no financial incentive to put Americans to work.
Fix that problem and THEN American's fincal woes will slowly and steadily get better AS LONG AS WE CAN KEEP THE GOVERNMENT FROM SPENDING THE NEW REVENUE MONEY (New $ MADE FROM MORE AMERICANS WORKING AGAIN) FOOLISHLY.
Doing both those things is a mighty tall order.
It would requirte major rethinks in what the purpose of having a government even is.
And since so many people believe that the only point of government is protect private property, I'd say that this nation is going down.
Domestic corps don't have much incentive to put more americans to work either.
NOt in this economy, I agree. But if you look at the top 500 corporation in America what you discover is they are international corporations, too.
If anything, we're incentivizing companies to move offshore and create jobs elsewhere.
We incentivized then by allowing them to manufacutre offshore and still sell into the somestic economy. That incentive is ALL a matter of TRADE POLICIES.
I mean come on, who knows how the ObamaCare thing is going to work out and what HC costs will be going forward.
That problem is going to remain regardless of our trade policies
Who knows what the EPA and NLRB will do if Obama gets re-elected, or how many more regulations will be created.
The same question can be asked regardless of who is elected POTUS
I think Editec is right, taxes are only one factor in a list of considerations, until we change the business climate here we're just going to muddle along at best. Let's not talk about at worst, things could get seriously hard.
Our government abandoned its responsiblity to the NATION in favor of laws and policies that benefitted CAPITAL.
Capital knows no national interest.
Capital has no loyalty to this nation.
Capital knows no national boundaries.
Now the above in and of themseves is NOT a bad thing.
But it is up to the nation to protect its own economy.
And this nation has not only failed to do that, but has encouraged the destruction of its own economy, and by extention its own middle class by passing laws and policies that only support the SUPPLY SIDE of the conomic equasion.
And the vast majority of damange done was done by TRADE POLCIES that put Amnerican out if work by encouraging industry to lmove OFF SHORE.
I think collectively these policies (that we've been passing for 50 years, folks) have cost this nation 30,000,000 decent paying industrial jobs.
And is isn't JUST factory workers, not just blue collar workers who ultimately get screwed.
We all get screwqed when our neighbors jobs are shipped offshore.
ALL of us EXCEPT those who have the CAPITAL to be part of the destruction of the American economy, of course.
Those people actually do much better BECAUSE of these ANTI-AMERICAN policies.
This is how that cult of the individual that some of you sign onto is REALLY working out.
Because really the only individuals that matter to our government are those with CAPITAL.
And now that CORPORATIONS are people, too?
Its THOSE
so called individuals that have the power that formerly belonged ONLY to citizens.