The “loony” Bloomberg is a corporation and it is there ends that are disseminated, what can benefit them and their bottom line. This is the goal. Yes I know taxes and GDP are different things but it is often talked about that the lower the tax rate the better the economy, which is not true. United States GDP per capita - 2022 Data - 2023 Forecast - 1960-2021 Historical What Switzerland has a higher GDP? How can this be true, since their taxes are much higher.
You’re hopeless. Bloomberg, a left-leaning publisher, is explaining what you don’t get about how taxes worked in the 50s and so on.
No, they fucking don’t. Accoding to your link they have a higher GDP per capita.
Because they’re not the same fucking thing…
A big part of Switzerland’s GDP is banking. A big part of their banking is helping individuals shelter assets from the taxation of other nations. So yes… The GDP of a tax shelter nation is less affected by their tax rate.
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Your question exposes your stupidity and the level to which you’ve been brainwashed.
Bloomberg is a corporate news source. Much like Clinton is a tool of the elites. The only difference of the elites is the path that will lead to more profits and power. This is where there seems to be a difference but the ends are the same. So it may seem like there is a big difference between the two but the objectives are the same.
Having a higher GDP per capita only highlights my overall point.
So do you reject the notion that higher taxes kills business?
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Forgive me Zep. Does your answer mean that you do not believe that the US landed men on the moon and returned them safely to earth?
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Which is what?
Generally, I do not believe higher taxes kill businesses. HOWEVER, it undoubtedly drives businesses offshore and/or drives $ offshore and/or reduces capital investment. Three things we do not want.
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You mean rational individuals and businesses change their behavior when the tax/regulatory burden is too high? Somebody should tell congress.
I know getting into this with @Zeppelin795 isn’t productive, but her it goes.
Corporations don’t pay taxes. A corporation is a pile of papers in a file drawer. When you increase taxes on a corporation they either pass those through to customers to maintain margins, or if they can’t due to market conditions they will either reduce their workforce or leave the market. That hurts employees, investors and municipalities where they pay taxes.
But I’m a brainwashed shill so what do I know? Thought I’d save you some time.
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The fact that you even asked this question because I had the audacity to disagree with the prevailing economic orthodoxy just goes to show your level of being brainwashed.
The fact that I had the nerve to question the main economic orthodoxy and for you to as that question just displays your level of being brainwashed.
Sorry wrong poster.
And yet you have still not given me a straight answer. I will try one more time and see if you have the courage to answer my question directly. Do you believe that the US landed men on the moon and returned them safely to earth?
How much money is being driven offshore now and how much money was driven offshore when taxes were much higher?