Of course taxing the extremely wealthy will prevent job creators from doing what they do…which is supposedly creating jobs. But the common mantra is small and medium sized businesses create the majority of the jobs and I really really doubt that their owners are currently in the top 1% of earners in the United States. So here is a list of some of the Americans who may see their taxes increase if the Buffett Tax is passed as part of the jobs bill or the deficit reduction bills – can you spot the job creators in this list (based on their current positions)?
Brett Favre, Warren Buffett, John Kerry, Prince Fielder, Barbra Streisand, John McCain, Aaron Rodgers, Bill Gates, CC Sabathia, Madonna, Herb Kohl, Sarah Palin, Peyton Manning, Bill Clinton, Jay Cutler, Adrian Beltre, Ashton Kutcher, Kobe Bryant, Lady Ga Ga, Tony Romo, Michael Jordan, Hank Williams Jr, Bud Selig, Tom Cruise, Danica Patrick, etc…
Lady gaga hires a ton of back up dancers
And her Butcher/tailor
I don’t think that’s exactly what the right has in mind when they say job creators…LOL!
The last three private employers I worked for were both hands on heads of family-owned businesses. Two were moderate Democrats and the third an Ozaukee far rightie. They gave their employees personal hell when we screwed up, bonuses/baseball tickets/paid time off when we did well. They are, in one way or another, admirable men, egotistic, deeply caring about the people they hire, pains in the ass, and committed to their families, their businesses, and their communities.
They pay salaries out of sales and projected sales, not out of money that they budget for paying taxes or for hiring accountants to help them avoid taxes.
The people who actually hire workers *transfer* the costs of their taxes to their customers. And if *every* superrich were taxed, their playing field would be level. No competitive advantage; no competitive disadvantage. Like any business, they’ll adapt to the current market. They may not like the market, but they’ll make it happen.
Bottom line: the “don’t tax the jobs creators” is pure codswollop–a right wing fantasy even more stupid than the Weapons of Mass Destruction fiction of the George the 2nd.
If you’re going to call yourselves “job creators” doesn’t that mean you have to take responsibility for the lack of jobs? I recently published a blog post about how I think we can motivate these “job creators” to do their duty. In a nutshell, it involves tying a new top marginal tax rate to the unemployment rate (and has a carrot and a stick). http://www.ragingwisdom.com/?p=185JobCreators
What do you all think?