During Fred Thompson’s speech at the RNC he said in so many words that by raising the corporate tax rate we will be increasing the costs of items we need to survive; food, energy, housing, etc. How incredibly right Fred Thompson is.
If the government increases taxes on the corporations then they will just pass that cost on to us the consumer. Increase the taxes on the wealthy and they’ll stop investing and thus new jobs won’t be created. Decrease taxes on corporations and hope they pass it along to the consumer, increase people’s wages, or create more jobs instead of sticking it in their pockets. Decrease taxes on the wealthy and then hope they will invest more in companies that employ people in the United States as opposed to companies overseas which commonly see higher returns or in those companies that ship the labor overseas because Americans simply make way too much money.
So our current attempts through government to solve the disparity in wealth will end up being fruitless. Corporations and the wealthy currently can lawfully ensure they make their required amount of profit, even if it means prying that profit from the hands of the masses. So we become hostages, they control the means of production, the fruits of our labor and if we refuse to play their game they are going to not only take the ball home, they will kick us off the field.
This is where the idea of Ronald Regan that “greed is good” has led us. No matter how much you have, it is never enough. The problem is that the pie is only so big, so the acquisition of more of that pie is at the cost of someone else, which usually happens to be the people that have little to no pie at all.
I intended on giving an answer to this problem when I started the article but now that it comes time to write it I feel it is going to take much more thought. I’ll follow up this article with an answer when I have one.
