Reply #25: Hiring people and upgrading plants actually reduces a company's taxes [View All]

[Lydia Leftcoast]

What those corporate fat cats really want is more money for dividends. They'd fire every non-board member in America if they thought it would bring in greater earnings per share.

Japan enjoyed its greatest growth under a period of very high corporate taxes. The reason was that the high taxes reduced the incentive to declare a profit, so they plowed all their earnings into upgrading their plants, training their workers, and conducting intensive R&D.