Quote:
Originally Posted by darklord700
Raising taxes of any kind will reduce consumption and result in job losses too. This is a bad political move is my point. I don't believe a 1% or 0.5% increase in corporate taxes will have any significant impact on employement.
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Significant? I guess that depends how you define it. But people will absolutely lose their jobs, particularly those for publicly traded companies. Shareholders will be shareholders and they won't care about anything except hitting their desired number. Higher taxes, even 0.5 or 1%, eats into that. The difference has to be made up somewhere else or you risk pissing off shareholders. Sucks but it's a lock to happen if there's an increase. It just compounds an already struggling economy. It's not a wise move right now to do it, but then again the PCs have pretty consistently shown they don't make wise moves.