ManusJustus said:
HappySqurriel said:
If a company reinvests their money into growing their business to make more money, how would having more money directly or indirectly from lower tax rates not translate into a larger investment into growing their business? Even if the rich business man is greedy and "keeps" the money to himself, when he buys goods, services or investments his money switches hands and will represent increased income to a different company who would use that income to increase the size of their business.
I don't think you understand what I am talking about in regards to seattle's mass transit system ... it is a very short train line with no parking that only takes passengers between downtown and the airport. The only people who would be interested in a service like this are business travelers who would favour a cab or rental car because it is far easier for them. Beyond that at $16 Million per mile you're dealing with an expensive transit system that may eventually pay for itself, at $160+ Million per mile you're dealing with waste on a level that only governments achieve.
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You are talking about corporate and business taxes, and we are only talking about income taxes. Yes, small business and income can be the sometimes be the same thing, but those people are usually not in the lower or upper tax brackets and it would be better to help them in other ways.
Yes, rich people buy goods, but poor people buy goods too with the same effects.
Seattles' mass transit system goes through downtown Seattle. You use it to get from one place in Seattle to another. Yes, it is connected to the airport, but that is far from the only reason to use it.
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Depending on the level of income you set as being "Rich" enough to be worthy of increased taxes, over 70% of high income earners are self employed small business owners where there is no difference between their corporate and personal taxes?
