Permanent tax breaks for the upper 1% ?!?

[tater]

Originally Posted by Zachstar

I always love it when someone says that companies invest in the future. What was that lovely bush era term... "Trickle-Down" economics.

They generate the revenue for themselves and do it greatly. Holding 1.8 TRILLION dollars hostage to influence the results of the election.

Their investments mostly are on technology they can build in china with labor that gets paid pennies on the dollar. And even then it amounts to little more than who can write the most patents with key technological advancements killed because a company wants to be a troll with its patents.

Oh and FYI they invested in technology for US when their Taxes were MUCH MUCH MUCH greater.

Taxes were not greater. Taxes as a function of GDP have remained relatively constant in recent years, and were in fact far LOWER during that period. US government outlays used to be about 1/3 of what they are now as a function of GDP.

In the 1930s, for example, the high for US government spending was ~10% of GDP. Tax receipts were considerably lower then, too, on the order of 5-7% of GDP (the rest being deficit spending). After WW2 (where spending was more than double receipts), things stabilized and the receipts vs expenditures have been relatively constant since then at ~20% of GDP (receipts generally slightly lower than expenses, but over time it's real money).