Agreed! Also, it is businesses, both big and small, that create
sustainable growth,
NOT GOVERNMENT.
"Job programs" where government hires workers to do menial tasks like re-paving sections of I80 does nothing to foster economic growth beyond the program itself. Once that road is done, those men are unemployed again.
Competition in business focusing on growth industries (like technology, biomed, etc.) creates
entirely new industries that often lead to economic prosperity. Those businesses need office space, so construction booms. They hire workers, so tax revenues grow. Those workers want houses, so housing market improves. They send their kids to schools (both public and private), so the education system grows. They drive to work on roads, so the auto industry and those road-builders get back to work, too.
Government throwing money at construction companies for "infrastructure" without any need, and then over-taxing the growth sectors of the economy is just putting the cart before the horse.
....BS Tax breaks for business = more money for R&D, cheaper prices, better wages, growth...
That's what he said in HS Economics class. This here is the real world.
Tax breaks for business = more money for dividends and CEO bonuses. Forget the outsourced R&D, higher prices, stagnant wages...
Sorry Mark, but lets look at "this here real world" for a minute. Michigan. I could rest my case with that, but I'll continue just in case you don't know about this here state...
First off, the majority of Americans work for small business, and not evil "Big Biz". So your argument has a lot of holes already. But I'll keep going...
Since Jennifer Grandholm (D) took over the office of Governor in MI, she has raised taxes on small business' by over 362% as of last Jan '09. Right now, MI has an unemployment rate of nearly 20% statewide with Detroit coming in at over 30% unemployment. And this started long before the housing bubble. In 2005, MI's economy had dropped from average (around 17th) to 2nd worse. (1st was MS right after Katrina. Thats how bad it was).
Cutbacks are a guarantee when taxes go up. I'll take a possibility of stagnant wages over unemployed any day. (real #'s are much higher. The unemployment #'s are only of those who are collecting unemployment and are still looking for work. If you aren't looking, or off the system, you don't count in the govt stats.)
This is a major sidebar of the main topic of this thread... Sorry. But if you don't like big business, move to one of the thousands of other places in this world that don't have them. (Haiti?) Griping about them is like griping about air. You can't just rationally wake up one day and decide to boycott air. You would die. To simplify, we need big business in a very similar symbiotic way. At least the free market gets to decide who and where they buy from. The only legal way to not pay an increase in taxes is to move your business. Which is what most of Michigan did. Case in point.