Saturday, December 11, 2010

Tax cuts for the rich

We all know that the rich will invest only if there are tax benefits. Show them some tax benefits and they will invest in small businesses or even expand their operations. Even charity by rich corporations is directly related to tax cuts. Tax benefits more than patriotism is what will induce corporations to invest in America again.

Of course there is this problem that small businesses will become dependent on the big companies. But with monopoly laws rarely used (except to trouble Microsoft) this is already the situation in America. It is worth studying the role big companies have played in stifling creativity and innovation in America in recent times. I suppose in the long term creating a situation where middle sized businesses can thrive is the best. But for now if there are no jobs out there, the country will slide in to an abyss of gloom.

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