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Greg Greg
CNBC Television
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Comments by "Greg Greg" (@SlowhandGreg) on "President Joe Biden's infrastructure bill is a net economic benefit: Pantheon's Ian Shepherdson" video.
Rita Poon Corporations only pay tax on Profit and they only make a profit if they want to take money out of the company in dividends and payments to directors. You avoid making a profit by reinvestment the losers are those that want to use cash to pump their stocks Directors who are avoiding personal tax lability by dividends and captured markets that have no growth ex a Casino or a semi monopoly utility say Phone for example. In respect to a phone company they get a huge boost from an infrastructure plan due to the proposed broadband upgrade.
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Rita Poon it's sad to see you have such a distorted and negative view Trickle down economics as an economic theory was debunked decades ago changes in the corporate tax rate has little impact on overall gdp or costs the biggest drivers of growth and economic recory are emerging companies who typically reinvest to 100% and that also applies to an explosion in small businesses . Anyone not in that lane is currently pouring billions into think tanks politicians and messaging platforms to get you to believe that black is the new white. Its obviously working on you
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Rita Poon I'm not a Bernie Bro, I studied economics and literature at college before majoring in Information Technology the corporate tax hike is a nothing burger the old fat lazy companies who are pouring billions into a disinformation campaign over it should get off thier corporate fat backsides and move thier companies on by updating diversifying and reinvesting.
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@butcheinsel8722 Infrastructure investment creates jobs its kind of basic economics 101 Also corporate tax rates have very little effect on the hiring and firing in companies ably demonstrated by the 2017 tax cut from 35 to 21 which created errr nothing but a hole in federal budget.
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