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by CoryMathews 5791 days ago
yes but if I only have 20$ I can get twice as many if they are $.50 instead of $1. Thus he could hire more people if the overhead per hire was lower.
3 comments

The tax burden in this country is lower than European nations, lower than Japan, lower than Canada.

The op-ed is a trite political attack piece (not out of character for the WSJ). Your comments, well, they seem directed towards the half-brained. That is, if you're smart, what your saying is obvious: Obviously Right if you're a conservative, Obviously Wrong if you're a progressive.

If you're a true neutral centrist and you care most about lowering taxes, I can point you in the direction of a gigantic defense budget that could be cut.

But in my experience, people who think Obama is an evil business killer also think that we mustn't cut a cent from the defense budget.

Finally, saw something interesting yesterday.. apparently annualized corporate profits hit 1.2 Trillion recently, the highest ever recorded.

Yes, socialist Obama is certainly proving himself the nemesis of prosperity for America's business community. Clearly.

> The tax burden in this country is lower than European nations, lower than Japan, lower than Canada.

Actually, it's about the same in terms of dollars per person.

When I buy something, I don't ask "what fraction of my income?". I ask "What value am I getting for my $."

Why should we treat govt any differently?

"The tax burden in this country is lower than European nations, lower than Japan, lower than Canada." Possibly, I didn't compare it to other countries.

"If you're a true neutral centrist and you care most about lowering taxes, I can point you in the direction of a gigantic defense budget that could be cut." I do agree its WAY out of hand. They pay for all sorts of crazy ridiculous things, the budget should be closer then half of what it is.

"But in my experience, people who think Obama is an evil business killer also think that we mustn't cut a cent from the defense budget." Normally so, but I wouldn't say I follow that same boat. (see above)

"Finally, saw something interesting yesterday.. apparently annualized corporate profits hit 1.2 Trillion recently, the highest ever recorded." Its only the small businesses that are really be effected particularly non-tech around 25 people.

The thing is that the overhead isn't lower. Hires cost what they cost. Why does the hire need 10000$ in the bank? Because apples are 1$. If apples were only 0.50$, the hire could feed himself for only 5000$. So you could blame high apple prices just as much as taxes. It doesn't make sense to single out taxes.
So what you're saying is that we should dramatically cut the standard of living of the average American in order to solve our unemployment issues? In the face of increasing corporate profits?

Further, there's another massive flaw in your argument: You're not going to hire twice as many people unless you have excess work even after the first hire. There are a few companies in that enviable situation, but for the most part, demand is lagging right now. So at best those companies would hire one worker at half-price and then keep the money saved.