How would raising taxes create jobs?

Question

How would raising taxes create jobs?

Answer 1

Never has any nation taxed itself towards prosperity.

Answer 2

It's complicated son, so complicated that only a man like Barack Obama can be entrusted to sort it all out for us.

He is the MAGIC MAN. Shake and bake. Don't let his skinny frame fool you either, he's a killa. Why, I've seen him strangle puppies with his bare hands. Drank the blood too, if I remember correctly.

Answer 3

Raising taxes helps pay off our debt and addresses the deficit.  In order to create jobs, we need to be as solvent as possible.  And further, new research and development incentives such as alternative energy, creates many jobs.

On a side note, levying import taxes would indeed protect US jobs, but that is another story.

Answer 4

How would lowering taxes create jobs?  All that does is line some fat cat's wallet, while digging the deficit deeper.

Answer 5

Well, cutting taxes over the past 8 years has resulted in fewer jobs.

If the deficit were lower, then credit would ease up and inflation would calm down and more jobs would be created.

Answer 6

never has never will

Answer 7

The IRS would have to expand and the local CPAs would have to increase  their work force

The employment comp offices would have to hire and the non-profits would have to increase paid staff to spend the extra gov largess

The local police will hire along with the fire dept to fight more bldg fires

Defense contractors will need more ppl to cover the new gov cotracts so the gov can spend as much as possible to  'help the economy'

Anyone noticing that most sectors are down 30,000 /qtr

and the gov hires bout the same

Answer 8

Jobs are created if there is any money to be made. If there is need there are jobs. Taxes has little influence. Off course the rich says otherwise.

Answer 9

Contrary to popular belief the act of taxing or not taxing does not create jobs.  The act of spending money is what creates the jobs and runs the economy.

A corporation is going to create a necessary job when they have income to justify that job regardless of their tax burden.  They are not going to create a job if there is no need for it again regardless of their tax burden.  If they don't follow that guideline, they go out of business.

When money sits in a bank account, it slows the economy.  Stagnate money does not grow the economy.  It might make sense for an individual to save money but from an economic perspective it is not the best case scenario.

To grow the economy you must circulate that money, or spend it.  under the current tax methodology that we have seen go into place over the past few years.  The richest 10%, have seen their total tax burden go down.  The lowest 40% have seen their total tax burden go up.  I am counting, federal, state and local taxes.  The reason for that is that when we reduce taxes federally, we are left with two options.  Cut government functions or get the money elsewhere.  Since we are not looking at reducing the waste in the system, and we want all of the government functions, we stop/reduce money to the states for their programs.  The states do the same thing to the local governements.

The local taxes are the hardest on the poorest members of society.  As they tend to be the same or similar to everyone regardless of how much you make.  The wealthiest make out great.  So basically the poorest and the middle class have an increased tax burden and thus have more expendable cash to spend on goods and services.  The wealthy have more money to put into the bank for the future.  So basically you have reduced spending and increased savings with that same pool of money.  Both slowing down the economy.

If you reverse the Bush tax cuts, the federal tax base goes up, which starts to reverse that trend.  It won't happen overnight but slowly the state and local taxes will be reduced, unfortunately not back to their previous point, that damage has been done.  But as incomes grow slowly they will eventually start to even out.  The poor and middle class start to spend more money and have more to spend on those goods and services thus driving the economy.  The rich still get to buy everything they need but put a little less in the bank.  Again driving the economy.  When you drive the economy, you get more jobs and so on.

In addition to that I think we should go in and reduce the waste in the process.  Get rid of the $500 hammer things that seem to happen.  We can reduce our nations bills too by doing the same things wiser.

The other way that increasing taxes helps is to pay down the national debt.  If we paid off that debt and paid as we go we wouldn't be paying all of this interest and still going in debt farther.

Answer 10

It doesn't, what it does do is discourage companies from expanding and creating jobs.

Answer 11

I see how well borrowing a trillion from China to give everyone in America 300 dollars really jump started our economy. Go Figure.