Quote:
Originally Posted by bhutocracy
Sorry mate, but this isn't true and besides you're framing the question using companies, what about small businesses? People don't have 1B to move arround. Most small businesses need some kind of loan to get going and have the money to employ people. Credit isn't inherently bad. Without credit there is no American dream, there is no individual going out and making it with an idea and blood and sweat. He can't even borrow money from family because they don't have access to anything. Cutting tax rates 10% aren't going to help him. He can't get started and he can't go on to employ people. People will eventually realise what this means.
|
If you cut larger corporation taxes on the money they bring in, they will and have created jobs, those jobs stimulate the economy and create demand all over. Making your guy happy as shit since now he doesn't need a loan because he simply filled the gap in the demand, made millions and retired. That's the free market and that's American Dream.
We built a free market without credit, small business people don't need to start up with loans. They start up with ideas, dedication, drive and some serious kick ass hard work. If they get loans, most would have Companies already making an income or assets to back it up. Otherwise the bank isn't giving a loan out, even today, if they don't think they will make a return, it's over.
I'm not talking about cutting tax rates 10%, I'm talking 35% to 5% and only on investment money brought into the Country. That tiny 5% is hundreds of billions in collected tax each time they open it up like this.
This is just one way our Country could make billions/trilllions almost overnight. We don't need this bailout.