Viper1 said:
BrokenBones646 said:
silicon said:
BrokenBones646 said:
I actually do, just tax the super rich alot BUT only tax them if their money isn't doing anything, if their money is invested in something that jobs X number of people or more then they don't have to pay, so instead of paying the tax the super rich will just start businesses that employ people and not try to make massive profits just break even and if they don't use the money to make jobs
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Technically if your money is in the bank it's doing something...Making money is something a corporation is requried to do legally...Taxing rich peolpe means the rich people will move their money to another country that doesn't tax as much...
This issue is really complex. Plus it's not only the number of people who are unemployed but also the type of work those who are unemployed are capable of doing.
They're not all engineers, which the US needs. It's mostly unskilled labour that can't find jobs ( I think last I heard unemployment in that sector could be as high as 16%). For engineers is 3%.
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Thats why you put in an even bigger tax for moving large sums of money out of the country, just funnel them to the point where it's in their best interest to create jobs, and please banks mismangement of money is one of the main reasons this happened, money in the bank goes to loans not jobs
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1. That woudln't just export jobs, that would export rich people along with their money and the jobs they create.
2. How do you think businesses start up? Loans. How do you think businesses expand? Loans. Even most busniesses with lots of free capital with take out a loan to expand the business instead of paying outright.
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Increasingly, people use their life savings to start a business, and hope they make it. Business loans increasingly go to established businesses. What yoiu also have is venture capitalists funding things for equity stake. When you have a lot of uncertainty in the economy, complete with people unsure where the growth areas are, the end result is lending goes down... WAY down (see how things are today).
