Please explain why the richest man on planet Earth who pays 17% income taxes needs a tax cut to "create jobs"?

The theory is that he will have more money to invest and that will bring about more jobs. But that's a theory.

In actuality it doesn't work that way.

Companies staff for their workload. If they have more cash, they don't hire people to do nothing.

hmmmmm: The rich essentially pay the same percentage of taxes that the "middle" class does although there is a scale of taxation it is really not statistically different from one group to another. The less money collected in taxes the more money is spent or invested and it has to be one or the other. The more money spent or invested, the higher the GDP goes and since taxes are a percentage of GDP the more money is collected in taxes. The Clinton recession reduced GDP to 3% until FY 2004, after the Bush Tax cuts were actually felt, and then GDP went up (6%), increasing the money collected in taxes. The Clinton deficit of 2003 was 23% and the 2006 deficit was 9% so cutting taxes reduced the deficit by about 60% in three years. You can get the data at gpoaccess.gov or bea.gov. Bottom line is: Yes, I agree that the Pro-Slavery. Anti-civil-rights Democrats are just trying to oppress people the way they always have.

Because running any business with employed workers with full/part time benefits is expensive enough without adding taxes. Just because he's a billionaire doesn't mean all of that $$$ is at the disposal of that business or the gov. It could just be his net worth, assets combined.

It's his money and he pays nearly 20% in taxes. That's a lot of welfare...I mean social programs. Think of the [more] jobs he can create with that extra couple million dollars if he paid less taxes.

The right would like to convince you that the government takes away the incentive to excel if you overtax people. It is laughable to think that having to pay a fraction more of their income and they will just lay on the couch and stop working.

It is just as laughable to think that a reduction in their tax burden has a direct link to job creation. Sure, some may hire a few people here and there but my guess is that much of that money gets invested or saved.

That is not the point it's called socialism.You can't just take from the rich to give to you.That is not how this country works.I am poor and don't want their money I should have to earn it myself,how? by the jobs that the rich create.They can give you 2000.00 dollars a year and your not going to create any jobs.Same for me,they can give me money but that is not creating jobs.The people that are rich took different paths than you and I.We could be rich but made the choices or investments.Jobs don't come from the poor man.Things have to trickle down.The government is doing the same trickle down that we had.They are just going to take it from the rich and give it to people that don't work and on food stamps and welfare checks,how is that right? These people busted their *** and just because they made the right decisions they are going to get penalized for it.Don't worry though now they are taxing everything to make up for their spending.

You know I use to think the rich getting a tax break was crazy, but to be honest I have changed my views. We need to give tax breaks to US company's that make the whole product here in the US! We need to support America and stop supporting all these other company's that take their factories overseas. When you buy American items you make American jobs and keep money in America! I Truly believe now we need to give tax breaks to the industries that come here and build their product all American! They make jobs here and stimulate the economy! We need to bring American industry home, and stop giving our greenbacks to foreign countries!

Is that Warren Buffet or George Soros -- they both believe with great principle that people need to pay their fair share!

By the way -- what's 17% of the richest amount of money on earth? Quite possibly more than the middle class and lower class pay in a year, no?

Source next time too...it helps w/ credibility.

HAHAHAHAHAAH!

Americans can't look at numbers and analyze them.

Business owners are only concerned with making money, and finding areas where they can sell their product.

They don't give a damn about creating wealth. That's the government's job. No capitalist will admit that, though.

The government always has to restart the economy when capitalism screws up. It has to.

Capitalism is like a spoiled brat, and government is the father.

Because it hits the small business people the hardest, not the small number of rich.

Walk down your street and ask any business person their opinion on paying more taxes.

My father's generation worked two jobs most of their lives.

This generation says workers need to work three jobs to keep the government happy.

No thanks.

That man is more likely to create jobs with his vast wealth than any of us middle-class citizens. Sure we can start a small business and employ 10, maybe 15 people. But he can start a corporation that employs hundreds if not thousands. The more you tax that man the less he is willing to give back.

These people are our life blood, something Obama's stimulus package doesn't understand.