Sunday, July 31, 2011

The tax rates for the wealthiest individuals and corporations should be set to an amount determined by how much they have contributed to lowering the unemployment rate. The fewer people they hire, the higher will be the tax rate. This will take care of all those who outsource labor while sucking dry our economy.

For those who hire extensively, there would be a lower rate but the government would still obtain revenues (income taxes) from those that have been hired.

The rate for wealthy individuals--who do not hire directly--would be lowered if they invest in companies that hire more people.

I had originally proposed that government legislate companies into hiring as a portion of their revenue but that is too socialistic for the U.S.