Belt-tightening time

[ErikJ]

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[southernyankeebelle]

1. That's about right.

[MercutioATC]

2. But...but...it'll trickle down...

[southernyankeebelle]

3. We only deserve crumbs (at least that is what they would say).

[MercutioATC]

6. Don't get me wrong. The wealthy ARE historically the people who create jobs...and still are.

As such, freeing up their capital to create jobs DOES help employment. That said, creating overseas jobs is much more lucrative than creating jobs in the U.S.

I'm completely in favor of throwing money at the wealthy to create jobs...as long as it's means-tested. No over-the-counter tax breaks. Give them (or their corporations) tax breaks in the form of deductions for every domestic job created, and tie the deductions to salaries so they don't just create a bunch of part-time minimum-wage jobs.

While we're at it, require all banks getting money at the discount window at 0%-.5% to use a certain percent of that money to fund small business loans.

Our current system has the wealthy getting tax breaks to move money overseas and gives banks free money that they then use to buy treasuries for a risk-free payoff from the government.

I don't have a problem giving them the money, but we need to actually require that they do something in return.

[southernyankeebelle]

7. All I want to know whatever happened to Corporate Morales and doing the right thing for country and

it's citizens? Capitalism should help everyone, not just the rich. Everyone deserves a living wage to feed their families.

[MercutioATC]

8. A corporation's duty is to its shareholders. Period.

I don't fault the corporations, I fault the bought-and-paid-for legislators that let them write laws that don't require them to perform in exchange for tax breaks.

[southernyankeebelle]

9. Shareholders are the people and they should demand better.

[MercutioATC]

10. If they do, that's fine.

Most shareholders want maximized profits. A corporation's first duty is to abide by its shareholders wishes.

[Mnemosyne]

4. K&R

[JaneyVee]

5. LOVE it!