Quote:
Originally Posted by tony286
Actually if you look historically when taxes are raised businesses invest the money back into their business then taking the tax hit pulling it out. Taxes as a percent of GDP is currently very very low. If lower taxes create growth then we should be at 5 percent unemployment and we aren't.
And we must all remember, if it wasnt for government funding there would be no internet.The private sector had no interest in funding the creation of the web.
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By that logic, shouldn't have the government created 10 different innovations like the internet by now?
Taxes as a percent of GDP is high relative to history. I just googled it, both overall, and corporate profits are as high as they have ever been (
http://www.epi.org/publication/ib364...onomic-growth/)
Maybe you can explain why Apple + everyone else is stock piling cash overseas? Has nothing to do with taxes, right? 100B and counting for Apple alone.