Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
A short teaser length article, but it includes a paragraph that says something (specifically in blue) better than I've ever been able to (after several attempts). I fail to see how higher Corp taxes are going to help...
Welcome to the Zerocovery - Derek Thompson - Business - The Atlantic
In the aftermath of a financial crisis, families and businesses cut back, and any growth in spending depends on the infusion of new cash. Either exports rake in that dough or the government prints and borrows it. We're not a country that lives and dies by exports, which means that we rely of government to act as a stopgap insurer for an economic conflagration. For two years, the federal government expanded dramatically to help states and families. In the last year, the stimulus has dried up and Congress has spent more time discussing how to cut spending than how to create jobs.
But I don't want to lay this problem at the feet of the House of Representatives. Government represents 20 percent of the economy. That's a big slice, but don't confuse it with the whole pie. What's weighing on the recovery is what has weighed on the economy for the last decade -- perhaps the last four decades. Competition from technology and foreign countries has driven a culture of productivity at most large companies which has led to strong profits at the cost of fewer jobs. This is not evil-doing, just a reality. Corporations have every right to seek higher returns and the cost of labor is relatively high in the U.S. Consumers are enjoying the fruits of cheaper goods. But cheaper information and manufactured goods means fewer dollars to pay the people to produce those goods. Productivity cuts both ways.
Welcome to the Zerocovery - Derek Thompson - Business - The Atlantic