A 100% tax results in no tax revenue. The government cannot "stimulate"
an economy as the stimulus bill. It was a failure. Reduction in red tape,
lower and simpler taxes and a move toward balancing the budget would result in a
Reagan turn around.
"And then when LBJ's 70 percent tax rate on the working class was
reduced by GOP and congress that is a good thing right?"Lowing
this tax on the working class didn't help at all. Most of the working class
don't have capital gains.Unfortunately, the richies who bought
off Congress do. Therefore, they don't have any incentive to work. If they
were to work, they'd have to pay a higher income tax. So they're
incentivized to not work and to merely live off their estates and fortunes
because the Capital gains tax rate is so low.
In my opinion, the solution is to get the government totally out of the market
system. Stop all subsidies to any private business, big or small, and do away
with regulations that apply only to certain businesses or types of businesses,
and those that stifle entrepreneurship, productivity and real competition. Those
businesses that that supply the best product, services, and prices will survive
--and thrive-- and the rest will fold. In short, we need to return to the free
enterprise system, something that hasn't truly existed in America for many
If we want to level the business playing field, if we are serious about it, then
we should do away with incorporation. Make the owners of all businesses live by
the rules of sole proprietorships. This would direct investment funds to small
business where investors could keep an eye on whats going on.
"Encourage work not stagnation. Reward the workers and punish the
takers." Someone really hates the 47%.And then when LBJ's
70 percent tax rate on the working class was reduced by GOP and congress that is
a good thing right?
I know of something which would help small businesses and working class
families. For most of our history in the 20th century, we had high capital rate
taxes and low income rate taxes. This encouraged people to become workers and
actually produce something. It also punished those takers who were lazy and
desired to merely live off their estates or family fortunes. This
helped to produce a vibrant and hard working America.Unfortunately,
in the early 1980s, this all changed. Suddenly, the American government at that
time changed the tax code radically.They began to punish people for
working and rewarding the lazy and entitled. Today? Look at our
society!The richest are the laziest. What has the Walton family
done? What have they produced? They're living off their father. Workers today are punished with high income taxes. While the lazy or
unemployed are rewarded for not working with low capital tax rates. We need to change this. Encourage work not stagnation. Reward the workers and
punish the takers.
The free market will decide which businesses survive & thrive and which
don't.I'm as supportive of the notion of small businesses
as anyone else, but if they're unable to compete, trying to keep them
afloat becomes a futile effort.Small shopkeepers and neighborhood
pharmacies have been largely replaced by Walmart.In turn, Walmart is
seeing its revenues stall, as median income is sluggish (at best) and as online
retailers like Amazon make the online shopping experience even easier - not to
mention safer, in our violent world - by enabling the comparing and purchasing
of a vast array of products, from the comfort and safety of your home.Nothing sinister happening, here - it's just the free enterprise system
By "Locally", and only "Made In America".Stop giving
everything to Communist China.
History has the answer and it has been that way since we adopted a form of
capitalism. If you want your business to thrive then empower your customer.
Instead we have looked the other way while competition has all but been
relegated to the proverbial shelf. If your customer is struggling with feeding
his family, educating their children, gassing the car, and especially raising
healthy kids then you are going to struggle, especially a small business. No
business can survive without customers. Period. If you want to stop the insanity
then quit pretending your Washington representation is the only representation
that isn't on the take. The answer is not subsidies but a customer first
policy. "Priviledge is when you think something is not a problem because it
not a problem to you personally."
Doesn't Bradley know? Subsidizing and bailing out big business is necessary
for the "Americans free market." Subsidizing and bailing out
small business is socialism.Just ask the tea party, they'll
tell ya the same thing.Don't believe me? Look at how many
billions we hand out to oil and coal.Look at how much we subsidize Walmart
in food stamps because their CEOs don't feel like paying their workers
decent wages.Look at how much the repubs president, Bush, handed out to
banks too big to fail.I speak from personal experience, want to help
small businesses? Get rid of the corporate handout and break up the monopolies
and trusts. Create competition, don't squash it.
Want to help small businesses? Get rid of Obamacare! I speak from personal
Politicians always talk about helping small business, but that's usually
just a cover for helping, GE, Boeing, IBM, Halliburton, etc. You see, small
businesses just don't make big enough "donations".
But small businesses can't bribe as much as large businesses.Your man and pa flower store can't pay Mike Lee nearly as much as the
Koch bros. Think Bush would have ever paid $800+ billion to bail out a small
business? Or invade Iraq for $2 trillion for a small business?So why
do we act surprised when all our representation cares about are big businesses?