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meloshouldgo
Posts: 26565 Alba Posts: 0 Joined: 5/3/2014 Member: #5801 |
Vmart wrote:GustavBahler wrote:Vmart wrote:Seems like communist ideology. It only makes sense in a vacuum. Most jobs created over the last 25 years are low wage jobs that would create very little tax revenue. Taxation of the labor component will never suffice when the wealth is being accumulated via capital gains. The assumption that corporations will use their money to create jobs is not supported by data. Most corporations are using their money to consolidate power and trying to establish monopolies in circuitous ways skirting around the law. More money has been used for share buybacks than for job creation. Start taxing stock buy backs and acquisitions - then you'll see tax revenue jump Here's a great video on this subject with real data I cannot teach anybody anything. I can only try to make them think - Socrates
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meloshouldgo
Posts: 26565 Alba Posts: 0 Joined: 5/3/2014 Member: #5801 |
More on stock buybacks - most people don't understand the level of harm this is doing to us
https://www.theatlantic.com/politics/archive/2015/02/kill-stock-buyback-to-save-the-american-economy/385259/ I cannot teach anybody anything. I can only try to make them think - Socrates
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