Quote:
Originally Posted by spence
From what I've seen though the real growth is most likely to occur when risks are taken that lead to really new ideas. .
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Ding ding ding! Give that man a cigar!
Now Spence, take it one step further...when corporate taxes are decreased, does that make risk-taking more attractive, or less attractive, than when corporate taxes are higher?
Corporate income taxes are the cost of income. And page 1 of every undergraduate economics text says that when you decrease the cost of something, the demand for that something (no matter what it is), goes up. And the opposite is true when you increase the cost of something.
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