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While some companies indeed return profits back with stock buybacks or increased divvys, lots of companies do expand and grow their hiring and R&D. Here is the
by nodesocket 10y ago
While some companies indeed return profits back with stock buybacks or increased divvys, lots of companies do expand and grow their hiring and R&D.
Here is the problem, without corporations and small/medium businesses this entire world that we live in ceases to exist. Jobs are what make this all possible.
- maxerickson 10y agoThe other side of that argument is that you need people for the jobs to exist. The idea that a "job" isn't mutually beneficial is such a preposterous talking point. America!
- rpedela 10y agoRight but just giving more money to companies regardless of size doesn't create jobs. Businesses try to be as efficient as possible with their capital. Hiring people just because is inefficient. However companies will hire more people if they are unable to meet their current demand. What is one way to increase demand? Increase the number of people who can afford the goods and services which can be accomplished far more effectively by reducing tax on the middle class and poor. If you do that businesses will have no choice but to create jobs in order to meet demand.
- aanm1988 10y agoAnd I can support corporate tax cuts on the idea of helping small/medium businesses because it does just leave them with more money. Where you lose me is all the trickle down voodoo economics ideas about how slashing taxes on big corporations and he wealthy is going to help me.