I see and hear a lot of gloom and doom predictions about the proposed corporate tax cuts. So, I was wondering, if that tax income is so important and beneficial, why are things in the current state? Obviously, something isn't working. It is time to try a new strategy.
I can understand the frustration of the people who are struggling and who see people living in luxury from corporate salaries or entrepreneurial investments. It is easy to call out the perceived fat cats. Economics isn't that simple. A healthy economy will never have everyone on equal footing, unfortunately. Nor can a healthy economy survive without the rain makers, Warren Buffets, Bill Gates, Jeff Bezos, etc.
The culture of damning the successful and expecting them to fix everything isn't a winning play book. They already provide jobs, enhance local economies, and support research and philanthropy. Perhaps, they could do more with less tax burden?
