Quote:
Originally Posted by Windycity
So your totally fine giving very profitable corporations huge tax breaks
And you don’t believe that is manipulating the markets??
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Not to get too far off topic so this will be my last post on this tangent...
I'd be fine with
no corporate tax. That would free up cash for investment which would make bigger and better companies which would hire more and more people who would pay more taxes.
Lets take your drilling tax break. Would you rather not have that break which would make it a lot more expensive to drill wells which would mean less wells which would mean less employment in an industry that pays very high wages? Because that's what you would have. Who loses? Not the company.
Tax breaks do not manipulate the market because in any given market all companies get the same breaks. An even playing field.
But let's say the govt decided it liked Exxon better than all the other oil companies and decided to give substantial rebates to people who purchased Exxon products. That, I think we can both agree, would be market manipulation.
Substitute Tesla for Exxon and car companies for oil companies and there you go, back on topic!