Monday, March 21, 2011

TYT: Corporate Greed and Profit Margins

Why don't all these corporations create jobs when they have the cash reserves they already have? Most mom and pop business's start out small but they eventually grow in size to meet the demand and this is how most business's created most of their profits and if the mom and pop business's don't expand their business does not profit as much. Instead when you look at private sector jobs, they are firing employees and laying them off, while other companies say they need the Bush tax cuts, even though they are making record profits.

In order for jobs to be created, the government needs to TAX the greedy corporations what they should be paying in the first place. This forces the company to hire more people so they can once again make more money. One of the other things high taxes does is stimulate more donations for non-profit and charity organizations around the world, for tax write offs, not only in the U.S., and this also creates jobs.

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