[Vision2020] Candidate issues - The Economy

[No Weatherman]

Paul:

If you raise taxes on corporations so that you can lower taxes for one
sector of the population, how do you think those corporations will
recover the money they lost by the tax increase?

THEY WILL RAISE PRICES ON THEIR PRODUCT TO RECOUP THEIR LOSSES.
THEREFORE, ANY MONEY GAINED BY TAX RELIEF WILL BE LOST AT THE CHECKOUT
STAND.

Punitive tax hikes on corporations do not take place in a black hole
and neither does redistribution of wealth. These companies are in
business to make money, not pay taxes, and they will make their
profit, taxes or not.



On Sun, Oct 12, 2008 at 9:00 AM, Paul Rumelhart <godshatter at yahoo.com> wrote:
> This is an attempt to get a discussion started on the issues instead of
> all the threads on who associates with who and who is encouraging the
> most emotional responses.
>
> Here are links to the sections on the economy from the Democratic and
> Republican candidates for office:
>
> John McCain:  http://www.johnmccain.com/Issues/jobsforamerica/
> Barack Obama:  http://www.barackobama.com/issues/economy/
>
> The biggest difference between the two, in my opinion, from my reading
> is that John McCain is focusing on helping corporations through tax
> breaks to help the economy whereas Barack Obama is focusing on tax
> breaks for the middle class instead.  Both plans have a lot of
> provisions I like - both are looking at different ways that the
> work/family balance can be strengthened, for example.
>
> There's a lot of information there to go through.  Please let us know
> your thoughts, so we can all become more educated on the candidates
> positions.  Also, if others want to tackle third-party positions on the
> topics, please do.  I'm not educated enough about them this time around
> to even know who they all are.
>
> Paul
>
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