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View Diary: Pew: Public says raising taxes on rich good for economy, fairness (39 comments)

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  •  Low taxes encourage profit taking, offshoring, (0+ / 0-)

    speculation and cost cutting, higher taxes in investments encourage investment, expansion, r&D and hiring.

    These capitalists generally act harmoniously and in concert to fleece the people, and now that they have got into a quarrel with themselves, we are called upon to appropriate the people's money to settle the quarrel. Abraham Lincoln

    by Nailbanger on Thu Jul 19, 2012 at 12:33:57 PM PDT

    [ Parent ]

    •  is that why all the growth... (0+ / 0-)

      In the US is in low tax states like TX and moving out of high tax states like CA and NY and IL?  It is the same for countries. Owners move capital to where it generates the best after tax returns.

      Profit taking is good. It either gets reinvested or spent. It fuels growth.

      How can low taxes encourage cost cutting and high taxes encourage investment?  Investment requires a cost.

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