StrudelDoo1981 wrote:
Whyte Horse wrote:
StrudelDoo1981 wrote:
Whyte Horse wrote: exactly, and the deregulation means we can cut costs and increase profitability. All this spells an economic boom as far as I'm concerned
If it was framed for SBA is one thing. Its not.... The problem is that is accross the board. The giant "deregulated" monopolies are going to have 20% more capital to buy up and destroy all of thier competition. Tax breaks for small business sounds great. Until you realize the big cookie cutter companies you have been competing with that your entire revenue may be 20% of the revenue they CURRENTLY make are getting the same said tax break. Which means significant increase in $$$ they will hablve available to destroy you. And they are not going to invest in thier people. You really think they going tp start paying more than required mininum wages to the people they have now? No they going to invest in buying out thier competion ( think of Zalenski auto parts in tommy boy. He didnt give two flops about the workers... he just wanted the calahan name and buy out his competitor) and line the pockets of the elite big wigs in the executive suites... private jets, hot bonuses and exotic cars to the "money makers".... sorry bub. Trickle down economics is going to spell economic disaster....
It's important to put things into context. Big companies already enjoy a lower tax rate by relocating to the cayman islands. So they already have the capital to destroy US companies that are in the US and paying US tax rates. This tax cut levels the playing field a little.
Actually... Your statement isnt putting things into context. In fact it's extremely myopic, and sounds like a fox news talking point. Wal Mart, McDonalds, Dunkin Donuts, Pizza Hut, Home Depot, Best Buy, Planet Fitness, etc... The list goes on and on of "big companies" that are in every city and state accross America that add nothing but minimum wage McJobs and provide crap service to customers that prop up the bs employment numbers while also adding to the destruction of mom and pop shops accross the nation. That is the death of America when everyday people can't open a business and earn a reasonable income for themselves because the market is all sopped up by feral capitalist thugs (IE: Donald "slap my name in gold on every company I buy for pennies of the dollar because I bankrupt my competition" Trump) and force to work 3 jobs to put food on the table for thier families. Corporations own America.... And now instead of paid off puppet politicians at the helm of the White House we have the actual captain of capitalist corporate thuggery at the helm lol
Ironically, most of those companies you mentioned are just re-selling goods made cheaply in a foreign country. If they were made to pay an import tariff, their goods would cost more than locally made goods. Once that happens, the small businesses that want to compete in a local market can do so without needing a globally connected supply chain. Combine that with lower taxes and now you have a real possibility of starting a business, succeeding, and driving spending, hiring, and ultimately higher wages.
For all my dislike of capitalism, it's the current system and it will continue as long as people tolerate it. The same goes for McCorporations. As long as people continue to buy from them, corporations will continue. I haven't stepped foot in a Walmart for over a decade for that reason. If Walmart's prices suddenly rose 20% you'd see an increase in those mom and pop shops.
As for trickle-down economics, this is different. Trickle down was a reduction on personal income tax for the wealthy. This is a reduction on corporate taxes, which not only affects the wealthy but small and medium businesses.
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