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Your thoughts? I would like an intelligent debate. I don't want to talk about anything else but his tax plan, and its ultimate effect on this country.
I'll start:
I honestly think that the tax plan, as it is now, will discourage small businesses from expanding. I think it will force them to reduce part-time employee hours, cut "fringe" benefits small businesses are great for, and even cause layoffs in certain cases.
I also foresee prices rising to offset profits lost from the new taxes at first - but later prices will drop due to stagnant sales, forcing employees to be laid off. In turn, fewer people will have money to spend, and more small businesses will be forced to shut down.
I think the same will be found in large businesses and corporations as well. Shareholders will demand that profits are kept or shares will be sold. causing a downturn in the market. The DOJ will continue to drop because as corporations try all the tactics in the above paragraph, they will still ultimately lose money, and thus shares will be sold.
I also we will see fewer new small businesses start up, as those who are successful will be less likely to start or venture in a partnership for a new business, but instead hoard their money in low interest bearing accounts.
Rebuttals? Is there anyone that point for point can explain to me how the Obama tax plan will prevent this from happening, and what will actually happen instead?
Finally, I added a simple poll: Whether you agree with it or not, will you in fact prosper from Obama's Tax plan? I actually have to check "YES" as I am technically in the lower-middle class and will get a bigger tax break under the plan, even though I fundamentally disagree with it.
I'll start:
I honestly think that the tax plan, as it is now, will discourage small businesses from expanding. I think it will force them to reduce part-time employee hours, cut "fringe" benefits small businesses are great for, and even cause layoffs in certain cases.
I also foresee prices rising to offset profits lost from the new taxes at first - but later prices will drop due to stagnant sales, forcing employees to be laid off. In turn, fewer people will have money to spend, and more small businesses will be forced to shut down.
I think the same will be found in large businesses and corporations as well. Shareholders will demand that profits are kept or shares will be sold. causing a downturn in the market. The DOJ will continue to drop because as corporations try all the tactics in the above paragraph, they will still ultimately lose money, and thus shares will be sold.
I also we will see fewer new small businesses start up, as those who are successful will be less likely to start or venture in a partnership for a new business, but instead hoard their money in low interest bearing accounts.
Rebuttals? Is there anyone that point for point can explain to me how the Obama tax plan will prevent this from happening, and what will actually happen instead?
Finally, I added a simple poll: Whether you agree with it or not, will you in fact prosper from Obama's Tax plan? I actually have to check "YES" as I am technically in the lower-middle class and will get a bigger tax break under the plan, even though I fundamentally disagree with it.
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