Sources: Tesla Motors, Reno Gazette-Journal
quote: Making corporations pay taxes instead of individuals is just a shell game which doesn't change productivity, so cannot change people's take-home pay.
quote: There is always a differential effect when you shift taxes around. You're wrong in thinking it doesn't do anything.
quote: A tax break per employee reduces the marginal cost of labor. A tax break on profit does not.
quote: If the US economy lost 20M jobs, but total take-home pay remained the same (i.e. those wages went to those who still had jobs), is that just an inconsequential shell game to you?Even if productivity doesn't change, it's still worthwhile to encourage employment via tax shifts. In reality, though, productivity will go up, because consumer spending power goes up with more people employed.
quote: If there was a real productivity gain to be made by having an extra employee, the company would be hiring the extra employee right now.
quote: Basically he thinks Corporations would hire people JUST to get a few dollars of tax breaks
quote: Wealthy people spend way more money than poor people. All those vacations, big homes, fancy meals, etc would equal lots of tax revenue.
quote: Let's be honest, no one gets rich by spending money.
quote: It's in stocks and real estate. But those people are also those who are taking more lavish vacations, buying expensive clothes, eating expensive meals, and more. You don't see a lot of multi-millionaires who live in normal houses in the suburbs, driving a Toyota, and flying coach.
quote: There are extremely few rich people who don't spend more than the average person.
quote: Corporations aren't sources of productivity; people (their employees) are. A corporation is just a bicycle. It's the employees who do the pedaling, and thus the employees who generate the productivity and profits.
quote: No one invests in a company that does not profit and a failing company cannot continue/grow operations if they are not profitable.
quote: Top 11 tax incentive deals in the country:Washington: Boeing, $8.7 billionNew York: Alcoa, $5.6 billionWashington: Boeing, $3.2 billionOregon: Nike, $2 billionNew Mexico: Intel, $2 billionLouisiana: Cheniere Energy, $1.7 billionPennsylvania: Royal Dutch Shell, $1.65 billionMissouri: Cerner Corp., $1.64 billionMichigan: Chrysler, $1.3 billionNevada: Tesla, $1.25 billionMississippi: Nissan, $1.25 billion