reinvest includes more than back into their business. It includes back into their communities. Rich people spend more money than we do. That spending puts people to work. Buying their boats, planes, mansions, etc. puts a lot of people to work building and maintaining those things.Dilbert_X wrote:
Not sure what point you're making, or if you understand the existing system.lowing wrote:
ORRRRRRRRRRRRRR, if the rich could keep more of their money they would have more to reinvest, buy all of their toys, build their businesses, put people to work, creating jobs, generating more revenue for govt.
If they reinvest money from a business they do keep it, tax free.
Its not as if people take a payout, pay income tax on it and then reinvest the remainder in their own business.
If they do then they're idiots or their accountants are idiots.
Cutting income tax encourages people to reinvest less, take more out of their business and hire fewer people.
Short-termists don't want you to know this though.
http://www.istockanalyst.com/finance/st … ng-america