Before Quora went to absolute dog shit and you could actually get real, good answers to real, good questions, I remember a question was asked about tax cuts and a business exec gave a really insightful answer. They basically said “no, tax cuts on businesses don’t create jobs or boost pay. If we hire somebody, it’s because we need someone to do this work; we’re not going to hire people just because we have money laying around. We people based on the salary we negotiate with them, not based on how much extra cash we have laying around. Tax cuts are really just a giveaway for the investors and c-suite.” Mind you, they weren’t taking a moral position about tax cuts, just telling it like it is: business tax cuts don’t create jobs and don’t raise pay, about the only thing they do is increase investor returns. All you have to do is look at the massive wave of stock buybacks that happened in the wake of the Trump tax cuts.
Everyone with any insight into the business world knows this. The business leaders know it, Congress knows it, it’s probably one of the bigger scams in US politics, and that’s saying something.
Before Quora went to absolute dog shit and you could actually get real, good answers to real, good questions, I remember a question was asked about tax cuts and a business exec gave a really insightful answer. They basically said “no, tax cuts on businesses don’t create jobs or boost pay. If we hire somebody, it’s because we need someone to do this work; we’re not going to hire people just because we have money laying around. We people based on the salary we negotiate with them, not based on how much extra cash we have laying around. Tax cuts are really just a giveaway for the investors and c-suite.” Mind you, they weren’t taking a moral position about tax cuts, just telling it like it is: business tax cuts don’t create jobs and don’t raise pay, about the only thing they do is increase investor returns. All you have to do is look at the massive wave of stock buybacks that happened in the wake of the Trump tax cuts.
Everyone with any insight into the business world knows this. The business leaders know it, Congress knows it, it’s probably one of the bigger scams in US politics, and that’s saying something.