Reddit reviews Free Trade Doesn't Work: What Should Replace It and Why, 2011 Edition
We found 1 Reddit comments about Free Trade Doesn't Work: What Should Replace It and Why, 2011 Edition. Here are the top ones, ranked by their Reddit score.
You wrote all that stuff but you missed the point.
Taxes get applied to profits, not revenues. As long as the tax rate is not 100%, it has no effect on whether a business is profitable or not.
Given that, businesses should always seek to arrange their business to generate the maximum profit, because no matter the tax rate, they will get more money if they have higher profits. If the tax rate is lowered, and they make somewhat higher profits, is there additional incentive to rearrange their business and hire more workers? No, a change in corporate profit tax rates does not change the revenue-cost curve, so the optimal point would not change.
>Science, bitches.
Science is based on evidence. There is no evidence that lowering tax rates increases employment.
If you're interested in reading things based on evidence I recommend this, this, and this.