Here's what happens when you tax people/corporations who make more at a higher rate - they leave. I know at least 20 people I've worked with who have left the US due to the high taxation. Several took their businesses right along with them. I know at least 100 more who have their business offshore even though they live in the states.
But how much of the motivation for offshoring is taxes, and how much is the lower cost of labor? (general question, not specically about your friends.) Offshoring is going wild in my field, and labor cost is the first (usually only) reason given. Well, actully, it's the second reason, after "Everyone else is doing it."
She actually said, "If I go back to work, I'd have to put my kids in daycare, so I wouldn't make as much money as I do now on welfare."
That blew me out of the water. Her ONLY redeeming quality (after that statement) is that she was going to night school to become a nurse.
But what do you do? I can't blame her... if she makes less working, why would she want to?
Exactly. She is making a rational economic decision for her circumstances. Just as illegal immigrants from Mexico (etc.) are making rational economic decisions when they cross the border to work as gardeners. Given the circumstances, you can't blame them; they are acting in thir own self-interest.
bama wrote:
I think larger corporation should be taxed at a higher rate.
WHY?
Pride, ethic, moral fiber, appreciation for the country that gave them the opportunity to make money and get big?