That is exactly right.
Old business's hardly create jobs , yet these old bastards control the purse strings to all the politicians and all they want are tax cuts for their fat asses. We really want to stimulate job growth we'd invest in start-ups and quit listening to old generational and corporate wealth that has grown fat and lazy and only wants tax cuts and hand outs. They do not care about our huge deficits, they are just raiding this country's coffers and will transfer their wealth overseas. True patriots they are! Can you follow any of these musing their Captain?
Originally Posted by WTF
Rhetoric is just that...Rhetoric.
You say you want to create jobs...
But have someone go buy a tract of land...hold it for a year or two...develop it into single family lots...sell those lots out to home buiders over the course of 3-5 years...those homebuilders build houses and sell them to consumers...and every dollar of income generated from the development company or the homebuilding company is taxed as ordinary income.
But buy a share of stock in Exxon from your local stock broker...and sell it one year later...and it is long term capital gains.
Which one created more jobs? The government choose which motivation to incent...and they got it.
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Have an oil company spend a million dollars drilling a well with some 70% of that costs being Intangible Development Costs (real dollars, spent on drilling a well to completion)...and some idiots out there call that "tax breaks for the oil companies".
Build a building for $5MM, and get to expense it for tax purposes over the course of the next 39.5 years.
But buy a product manufactured in Taiwan, and sell it in a store tomorrow...and expense it immediately.
Which of those operations created more jobs...here...for Americans?
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Somewhat like courting the women in here. You can recognize that they are primarily here for some green, but still like to be treated like a woman, and given a choice will be with those who do.
Or you can call them a bitch...tell them to fall on their knees and suck away...and hand them their money.
Incent the action you want to occur...without a lot of judgement as to what the right or wrong of the motivation...and you generally end up with a good outcome. Or Not!! It's your choice. But I guess it is a lot more gratifying for some to complain about the world rather than accepting it...joining it...and doing something about it.