Thread regarding Intel Corp. layoffs

What is happening in all of corporate america.

"The financial sector takes a quarter of all corporate profits in this country while creating only 4 % of American job" from Makers and Takers book.

by
| 1203 views | | 2 replies (last ) | Reply
Post ID: @OP+K8hVcrN

2 replies (most recent on top)

OP, that's a BS statistic. Hence it makes no sense.

As for the argument that tax breaks don't create jobs, think of the economy like a computer, with a finite resource pool. The government is the OS, which runs things. Higher taxes are the OS consuming more resources (memory, CPU time), and tax breaks are government consuming less. Simple and accurate analogy, and quickly shows why the "tax cuts are bad" arguments don't hold water.

by
| | Reply
Post ID: @1ocp+K8hVcrN

This means it doesn't matter how many tax breaks we give the corporations jobs will not be created and in fact more will be shipped off to lower cost countries. No matter what tax cuts is no game changer.

by
| | Reply
Post ID: @eoa+K8hVcrN

Post a reply

: