General Discussion
In reply to the discussion: What I like to tell my RW friends regarding their "working HARDER to EARN a better wage" chestnut - [View all]golfguru
(4,987 posts)I thought the subject for discussion was why small fry employees get less money due to corporate taxes.
One thing everybody forgets is that every inch of every corporation is owned by individuals at the end of food chain. The richer owners & big shot employees should pay the taxes, not corporations which affects every small fry associated with it.
The incentive to put money back in the outfit is better served with 0 tax. Because there is more money left in their coffers to invest for more tools & labor. Not only that but with threat of taxes gone due to increased profits, the corporations will be more inclined to expand and make more profits. It is not complicated.
So many industries have left USA because they received better tax treatment elsewhere. May be why China has one million millionaires while they had almost none during Mao's rule.