A Quote by Nick Hanauer
If it was true that lower taxes for the rich and more wealth to the wealthy leat to job creation, today we would be drowning in jobs.
Related Quotes
The left does understand how raising taxes reduces economic activity. How about their desire for increasing cigarette taxes, soda taxes? What are they trying to do? Get you to buy less. They know. They know that higher taxes reduce activity. It's real simple: If you want more of an activity, lower taxes on it. If you want less of an activity, raise taxes. So if you want more jobs? It's very simple. You lower payroll taxes. If you don't want as many jobs, then you raise corporate taxes. It's that simple, folks.
Successful businesses create jobs; that is true. But the notion that if we cut taxes enough for the very rich and for already hugely profitable businesses, then all that money will trickle down to everyone else in the form of job creation is simply false.
You do need more revenues, and you do need to cut expenses. But you also don't want to go in a direction whereby increasing taxes creates a reticence to create new jobs. You don't want to increase taxes on work. You don't want to increase taxes on investment and the creation of wealth.
Governments should end the extreme concentration of wealth in order to end poverty. This means tackling tax dodging but also increasing taxes on wealth and high incomes to ensure a more level playing field and generate the billions of dollars needed to invest in healthcare, education, and job creation.
When you say the tax system benefits the rich, there are a lot of people who respond, "That can't be true, look at the rate of tax. The people who are rich pay a higher rate than you or I." Well, yeah, but if you don't have to pay taxes on a lot of your income, then your real tax rate is a lot lower. And if you're allowed to pay your taxes thirty years from now instead of today then you're a lot better off. People need to have a sophisticated understanding of how the system works to appreciate that the posted tax rate really has very little to do with the taxes people pay.
If every rich person gave 50 percent of their wealth to charity, I would not say they should pay more taxes.
It looks like [Donald] Trump's plan has the potential to actually move the needle on economic growth because he wants to lower taxes and lower regulations. That would be very powerful in terms of creating jobs.
The Republicans are wrong in thinking that the rich create jobs. In reality, many of the richest Americans have been investing in efficiency innovations rather than to create jobs. And the Democrats are wrong, because growth won't happen if they distribute the wealth of the wealthy to everyone else.
I came into politics partly because I want to be able to reduce taxes so that individuals have more of their money to spend, so that businesses have more of their money to create jobs, but I believe that lower taxes are sustainable when you get the public finances in order, so I will only make promises I can keep on taxation.
Certainly, the job of a U.S. senator is to create a climate conducive to creating jobs, which is lower taxes and less government regulation. What Harry Reid has been doing is putting forward those policies that actually put more regulation on business.
People want just taxes more than they want lower taxes. They want to know that every man is paying his proportionate share according to his wealth.
The Tax Cuts and Jobs Acts slashes taxes on the very wealthy and kills regulations with the idea that rich businessmen will invest their money into the economy to support workers - the same idea that Republicans embraced in the 1920s.
I'm a Conservative who believes in lower taxes. They lead to a more enterprising economy. But I'm not somebody who believes you can fund lower taxes by borrowing more money.
Republicans want less taxes so we can create jobs; however, we cannot win by solely focusing on an economic message of lower taxes and smaller government.
If exclusive privileges were not granted, and if the financial system would not tend to concentrate wealth, there would be few great fortunes and no quick wealth. When the means of growing rich is divided between a greater number of citizens, wealth will also be more evenly distributed; extreme poverty and extreme wealth would be also rare.
A green jobs bill would include both job creation and job training.
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