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Well, given that the CEOs of the many multinationals who are benefited by the latest tax cuts in the US have explicitly said that they will not use the extra mo
by Daishiman 9y ago
Well, given that the CEOs of the many multinationals who are benefited by the latest tax cuts in the US have explicitly said that they will not use the extra money for investments but rather just to increase profits, it stands to show that people will not necessarily engage in productive investments given more free capital unless absolutely necessary to compete, which is line with what some economists have mentioned on this.
- conanbatt 9y agoIf the government taxed that money away, maybe half of it would go to new military planes, so its not really that efficient either.
- Daishiman 9y agoThat is exclusively a problem with American conservatives that could be fixed when the populace realizes that they should be asking for the correct entitlement programs. For some reason this was never a point of debate 20 years ago.
- conanbatt 9y agoIncrease of the military budget has been bipartisan, its the one thing that never stopped growing in decades budget-wise. Thats where money goes today, so if you raise taxes you have to take into account that the military will still eat a chunk of it. Its yet another argument of why raising taxes is not the solution to poverty.