It is true that there are other factors involved. Michigan is a prime example of what happens when Labor costs skyrocket, taxes go way up and crime becomes rampant. Their economy is in the dumps because the auto companies determined it would be easier and cheaper to make their cars elsewhere. This is not corporate greed, it is good buisiness.
If "good business" means "maximizing the bottom line at ALL costs", then I suppose I don't much see functional difference between your definition of good business, and my definition of corporate greed.
Mostly the reason people become rich is because they take on great amounts of risk, or had a parent who did so. They sacrifice and work very hard to earn their fortunes. When it pays off big, they should be able to enjoy a good living without everyone who did not take those risks, work that hard or catch the breaks they did trying to take it from them, and calling them selfish and evil. As long as they are not breaking laws they and their families should be able to enjoy the fruits of their labor.
The sort of lifestyle one is able to enjoy on USD$5 billion in assets, much less 25 or 50, is... well, it's so obscene that even most people who have that kind of money don't actually live it up as well as they could. Most. Though I suppose one could argue that turning that wealth towards purchasing vast social and political influence is equally, or even more, obscene than turning it to the indulgence of vice.
This sort of accumulation of wealth in hands of a very few goes beyond "enjoying the fruits of one's labor", to the point of "ensuring eternal plutocracy".
The problem with this example is that it does not apply. The super buff guy who is 3 times stronger than the wimpy guy would naturally be carrying 3 cases. If he chose to help the wimpy guy carry the other case, it should be his choice, but he should not be expected to carry it all especially if the guy carrying the lesser amount was going to be drinking the greater majority.
Naturally? I'm not so sure. Do people who are more capable of picking up burdens than others, always, by nature, step in to do so? I don't think that follows at all.
however if there are lower taxes across the board, the company that raises wages and benefits usually attracts the better employees.
Well, what's the point where corporate tax burden outweighs the benefits derived from paying higher wages? Also, this gets into the whole "if you don't make people with money pay so much in taxes, then OBVIOUSLY tehy're going to run out and donate it to charities and start local businesses and invest in the local economy" argument that I don't really understand.
As far as you not seeing politicians who go after buisinesses, all you have to do is listen to what Hillary and Barack want to do to confiscate oil company profits to see examples of this.
First, I'd like to admonish both of the Democratic candidates for failing to have obvious, easily accessible "search" functions on their websites. I will take this moment to laud Google once again for making this a non-issue.
That said, Sens. Obama and Clinton have slightly different official platform positions on "windfall profits" taxes, but I think that both propose using those funds to address a specific, related need. The Obama plan seems to be to establish a fund for folks who can't afford to heat/cool their homes (which included me this year, but I dont' think I'd pass a means test for eligibility in such a program) using revenues from such taxation, where as the Clinton plan seems to be to fund R&D into alternative energy? Both plan to do both, but reference the use of windfall profit taxation differently in the structure of their funding models.
I know people believe that the oil companies are gouging us and that this is justice, but where do we stop when we start redistributing wealth. There are many reasons for high oil prices that have little to do with the oil companies themselves, yet because these companies are not popular today you have two candidates talking about seizing a companies profits.Actually I think that is more like socialism, not really an original idea.
To be fair, you have them talking about doing two things. One is removing subsidies/incentives that were created to promote further oil exploration at a time when it was less profitable / more risky to do so relatively to the profits being realized by companies who engaged in those activies. The other is seizing a portion of a company's profits. While I've heard a lot about "windfall profits" taxes, I don't think I've heard any numbers - how much they want to take - so it's hard to say if it makes sense.
This is the difficulty in assigning any specific group as the starting point for rich. The lower end of that scale that just got their tax burden increased will suffer.
I think you'd agree that suffering is relative. I will once again note my utter lack of sympathy for someone who has to "struggle" getting by on a measly six-figure post-tax income, and the extreme derision I will heap upon anyone foolish enough to complain about that sort of "plight". Some allowances, of course, being made for income vs. cost of living vs. standard of living in individual cases. ;p
This is part of the problem. People look at whatever they define to be rich and say "Look at them. They are doing so well that they should have to bear more responsibility."
It's not so much as what an individual defines (though I'm sure there are people who take a very limited, self-centered view where no matter what level they're at, it's people with more than they have who should bear the greater share), as the idea that the MORE you have, the MORE you can afford to pick up some of the tab. Progressive taxation - the system we currently have. Moral reasoning aside, it's also a pretty pragmatic approach to the issue of paying for shared services.
If the tax rate was a set percentage, say 20% and all tax breaks and things were removed, each tax bracket would pay a fair share. 20% of $1,000,000 is $200,000, while 20% of $30,000 would be $6,000. The larger income would still be paying the lions share but it would be proportional to their income. The highest wage earners at this point pay out almost 50% - 60% of their income at this point.
I think we may have different working definitions of fairness. Even assuming that at 20% flat tax, things would be paid for (I'm not sure that is the case, at current levels of government spending), someone making only $30,000 needs that $6000 they are shelling out a LOT more than someone making $1,000,000 needs that $200,000. The million-per-year earner could probably live a very nice lifestyle even if they paid $800,000 in taxes - certainly a better one than the $30,000-per-year earner would be living even if they paid none at all.
Naturally they look for ways around this and find all kinds of loopholes in our current tax system because it is so complex. I say keep it simple and fair.
However natural it may be for people to exhibit greed and a desire to elevate themselves above others as much as possible, I don't see that as a reason to allow it. There's a certain grim pragmatism in legitmizing all manner of criminal behaviors - if nothing is criminal, there can be no crime! But I'm not sure it would be very pleasant to live in a world like that.
The key to this is getting rid of the huge loopholes. Since many politicians are lawyers, this probably will not happen since they are sensitive to things that will take away the jobs of a bunch of corporate lawyers, but I can dream.
I dunno if it's so much a massive conspiracy to keep lawyers employed, as that complexity breeds complexity. The bigger something is, the more things it does, the more complex it is. The more far-reaching the intent, the greater the potential for unintended consequences. It's a trade off.