yeah actually, banks borrowed money from the Fed at 0% percent, and used it to buy billions in TREASURY BONRAB that pays interest FROM the FEDERAL GOVT.
garden workers, roofers, bently company, learjet, stock market analysts, illegals, interior designers, high end chefs.. all get trickle down! the guy working retail? too bad!
the problem we've had since the income tax code was instituted that each party has curried favor with their base by shrinking their income tax obligation either by increasing the income required to be subject to income taxes or by allowing deductions to shrink their liability
in reality there should be 2 income tax brackets and no deductions for earned income and people should be subject to pay it quarterly.
1. any dollar earned above $1000 should be subject to 3-5%
2. any dollar earned above $25000 should be subject to 10-12%
these 2 figures should scale to allow most minors to pay little to no income tax and the second level should be set so the bottom 10% is exempt from the second brackett
I have the extra revenue to afford paying a new employee.
BUT I am looking at government regulations and now Obamacare that are going to require me to make more payments to cover cap and trade (do I get fined more a month for pollution?) do I need to expect to pay more taxes not only as a business but as an individual since I'm a LLC or sole owner? How much more will it cost me for healthcare OR more likely, how much will my penalty be for not supplying any benefits at all for my employees. How soon will the country lose it's AAA rating now that the fucks in washington just agreed to adding 7.5 trillion MORE to our national debt? Once we drop to AA, then loans for my business will be effected so will I have enough to cover those payments and still be able to pay my employees?
Will the cost of materials/supplies/utilities go up more next month? Will my customer base drop off as more people lose their jobs?
Putting more money back into a business means more money for jobs but it also requires a stable environment for business.
NEITHER of which exist right now and they definitely have been negatively impacted by today's vote.
Well, I made due with what I had, so I can keep doing that
AND
See which of your employees you can lay off
BECAUSE
You can keep what you have and force them to do more work for the same pay
WHILE ALSO
Cutting wages and benefits because you can
ALL WHILE
Sitting on record amounts of profit.
This is what's happening with large corporations. No demand = no supply. People don't need more of your product, don't product more. Pocket profits from reduced workforce/benefits which you can get away with in this employer's market.