I received a great comment by Marie on an article on the fact that the US has the HIGHEST corporate tax rate on planet earth:
Look at Switzerland-they were doing terrible until they slashed their corporate tax rate and look at them now. Unemployment at 4%,everyone is moving there from Facebook to Google …It is BOOM town there.
The USA is lucky to have a state like Texas with no state income tax and is very business friendly.If it wasn’t for Texas so many more companies would be overseas already.More and more businesses that want to stay in the USA move their company to Texas. The US is so over taxed there is hardly anywhere for businesses to go. It is too hard to compete globally if you are located here.
Half of all jobs created this year in the entire US originate from Texas.
It just proves keep your taxes low and everyone prospers!
The math is so simple but not everyone gets it?
She pretty much said it all, of course. But I chimed in and tried to harmonize:
Very good points, all.
California has so many incredible advantages it is simply unreal. Only truly evil fools could possibly bankrupt it. But that is exactly what liberals did.
And, again with liberal California as an example, liberals are the type of hypocrites who are FINE with raising taxes – as long as they’re raising them on other people rather than on themselves.
It is rocket science to liberals to understand why states that have the highest taxes ALSO HAVE THE HIGHEST DEBTS. So they don’t bother to try to respond to that: they just like and demagogue and then lie some more.
And of course you are SO right to focus on Texas as an example of how conservative principles work and liberal “principles” utterly fail.
It is a documented fact that from June 2001 until June 2010, Texas added more jobs than the other 49 states combined. And since June 2009, Texas generated nearly 40 percent of ALL net jobs in America.
But liberals hate America, and so the success of Texas is clearly the last thing they want to replicate in the rest of America.
If you don’t like that last sentence, liberal, explain to me why your fellow ideologues refuse to do what clearly works and insist on doing what has failed every single time in every single place it has ever been tried.
Marie is right: tax cuts have worked every single time they have ever been tried. They worked when Warren Harding tried them; they worked when John F. Kennedy tried them; they worked when Ronald Reagan tried them; and yes, they worked when George W. Bush tried them. And they even work when European countries try them.
And the fact that European countries such as Switzerland and Germany ARE trying tax cuts and finding that tax cuts ACTUALLY WORK, it in fact WILL BE HARDER for America to compete if we stay with Obama and keep demonizing the people who create jobs and invest in the companies that have the ability to expand and create more jobs.