Quote:
Originally Posted by Nebe
Wealth inequality really began in this country when corporate tax rates were slashed. They used to be so high that profits were turned into payroll for employees. In those days the middle class was booming. If trump really wanted to make America great again he would raise the taxes on big corporations so that they would have two choices - pay high taxes or pay their employees more which in turn would be a massive stimulus to the economy.
Instead we have a trickle down economy where the masses are all slaves to debt because their costs of living have soared higher than their income has risen.
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Or they were used for capital investment that could be claimed to reduce their effective rate. Lowering the tax rate but keeping the deductions, along with industry specific exemptions changed this equation so some large corporations effectively pay little or nothing.
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