why is raising taxes on the rich and corporations bad?

[ftwliberal]

i just want to understand the libertarian perspective more and see how i'm wrong. so i hear a lot opf conservatives and libertarians say like if we raise the taxes on the rich and on corporations they will leave or cut back or whatever but how come when the taxes were high before , like it was almost like 90% on them, they didn't leave? what makes you think they will leave now? and even if they do leave so what? that leaves room for new businesses.

besides they only pay tax on profits and not revenue, the reason they dont create jobs is because profit demand isnt there right?

tell me how i'm wrong

[CaptUSA]

Here we go again.

Easiest way to understand:

They have their money invested in other companies. If you take that and give it to government, they have to take it out of their investments. Which means less capital for businesses to use.

You don't help the economy by taking money out of it. It doesn't matter which side of the bucket you remove the water from.

[Carlybee]

Many of them also own small businesses that they expect to be self sustaining. If they have to start injecting their own capital they could just shut the businesses down. Many will be. My boss has already cancelled our health benefits and laid off 2 key people. Our owner is going to sell one of the properties he owns here which 20% of my salary comes from. My husband works for a large hospital here that is thinking about selling to another hospital 100%due to pending healthcare benefit costs.

Its not just the tax rate going up..its deductions being scaled back or eliminated amid a declining dollar.

[Brian4Liberty]

i just want to understand the libertarian perspective more and see how i'm wrong. so i hear a lot opf conservatives and libertarians say like if we raise the taxes on the rich and on corporations they will leave or cut back or whatever but how come when the taxes were high before , like it was almost like 90% on them, they didn't leave? what makes you think they will leave now? and even if they do leave so what? that leaves room for new businesses.

What makes you think that you can tax the (truly) rich when they control the tax writing process and always leave loopholes for themselves?

p.s. My opinion is my own, I am not representing any particular group.

[bwlibertyman]

Taking money from people is wrong.

[Acala]

How about this: taking someone's money by threatening to kill them if they don't give it to you is wrong. It does not become less wrong because you hire thugs to do the threatening for you. It does not become less wrong when you call the thugs "government". The proper question is NOT "how much can you steal from people before they find ways to wriggle out of the trap."

The proper question is "what is the absolute minimum amount of government we need to have our liberty protected?" Once you have an answer to that, then you know how much revenue is needed. THEN you can formulate some policy for assessing fees to cover it.

[Keith and stuff]

Raising taxes on companies isn't necessarily bad IMO so long as the business tax is exactly the same in every town in the world. Obviously, that isn't true. When different areas have different tax rates, businesses use that those tax rates when considering where to start, expand, relocate to and so on. The higher the business taxes are in a town, all other things being equal, the less attractive the town is compared to areas with lower taxes.

[CaptUSA]

Here's another (liberals usually get this one):

Corporations do not pay taxes. They just add it to the prices they charge for their products so the consumer ends up paying more. When the things that the middle class and poor buy cost more, they can buy fewer things. When they buy fewer things, the economy slows down.


Ok, so you have heard some utilitarian arguments, some moral arguments, and some real life examples. Are you convinced yet that this philosophy of "just make the rich pay more" is flawed?

[oyarde]

Remember these rules ; Govt is too big , too wasteful, giving them more money , bad idea.Money taken from the private sector , in the end , always leads to less opportunity for those who need it most.

[oyarde]

If , I own a corporation , I will pay no tax , the consumers who buy my product are going to pay it , it will be priced in.My tenent pays my property tax on that property , it is in the rent.