Laughing Men In Suits

As taxes are calculated on net profits, not Gross revenues, it makes sense, and can be historically proven.

During the fifties, to avoid paying taxes, businesses did something called reinvesting in the business.to do that, they invested in better machinery, new or additional facilities, invested money in not only hiring employees, but in training from within the company for vàrious skills that were needed. Funny thing was that the companies STILL made money, as did their share holders. Today, corporations are so busy trying to cut corners,and hiding money overseas, that they lose sight of their real purpose: to make money for the share holders. While CEO pay at the top corporations is high, why is it that money is hidden away overseas instead if being distributed back to the shateholders? The money isn't doing anything other than giving the company president bragging rights.

In doing so, they hurt their rank and file employees, their shareholders, and the economy. Businesses have to have an incentive to reinvest. High taxes have worked.

The Tax foundation concluded this about Her tax plan....
Hillary Clinton would enact a number of tax policies that would raise tax revenue over the
next decade in order to fund new or expanded programs. Most of her policies raise tax
revenue as designed, except for her capital gains policy, which would actually end up losing revenue both on a static and a dynamic basis due to the incentives it creates to hold on to assets longer. If enacted, her tax policies would impose slightly higher marginal tax rates on capital and labor income, which would result in a reduction in the size of the U.S. economy in the long run. This would decrease the revenue that the new tax policies would ultimately collect. The plan would lead to lower after-tax incomes for taxpayers at all income levels, but especially for taxpayers at the top. Hillary Clinton’s tax plan would reduce the economy’s size by 1 percent in the long run. The plan would lead to 0.8 percent lower wages, a 2.8 percent smaller capital stock, and 311,000 fewer full-time equivalent jobs. The smaller economy results from somewhat higher marginal tax rates on capital and labor income.

Food. Maybe we can pay off the debt incurred by the Iraq invasion. Of course, that's on top of the debt incurred by corporations that use SNAP, Medicaid, Section 8, etc to provide employee benefits like food, medical,, and housing. You know, the basics.

Thirty plus years of "Trickle Down" has not worked. Instead of trickling down, money has been damned up. Who has benefited? That top 1% you mentioned: they are the ones that benefitted the most from a fairy tale tax plan. Of course, it's fairy tale money, anyway.

I'm a member of the 95%: I'm tired of footing the 1%'s bills. Aren't you?

shut the hell up. imgflip is a fun place, not a political place, though i will allow the ocasional politics joke.