ProfessorPlum
ProfessorPlum's JournalHow do you create more business investment? Raise taxes on businesses
I recently was talking to a friend who has a successful small business about his tax returns. He said his returns show very little (net) income from his business, even though it is thriving, because he invests most of its income into the business itself. It allows him to grow his business, while keeping his taxes low.
Which got me to thinking, that this is why the argument for lower business taxes is all wrong. Most times, supply siders will say that if you lower business taxes, businesses will have lots more money to invest in themselves, and you'll create growth and investment and the result will be jobs jobs jobs.
But that's exactly the opposite of what is true - if you crank up taxation rates, but allow businesses to avoid taxes by investing in their own growth, _that_ is how you drive more investment and build up your business economy and infrastructure.
It's just another example, once again, of how completely ass-backwards everything about trickle down economics is. They say something is true when the exact opposite is true, and then just shovel money at people who are already rich. It comes down to a bunch of lies and handwaving to just reward the already rich and powerful.
Sanders will be tied or ahead of Clinton at convention?,
So, I'm reading this article, https://johnlaurits.com/2016/04/28/this-is-what-will-happen-at-the-democratic-convention/
which makes the case that Bernie could plausibly be ahead in pledged delegates by the convention, based on his past performance in western states.
No wonder Clinton so desperately wants him to concede / drop out now.
How about everyone chill out and let's see what happens? Things are about to get interesting...
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