There are equally good, if not better logical arguments that lower corporate tax discourages investment which creates jobs. So instead of theorizing, why not look at the actual data–which is showing that the money simply goes back to the investors and managers, and not to the workers. Corporate growth today is primarily by merger and acquisition, and Corporate America has done little in the way of innovation since Reagan. The digital revolution was carried out be people in their garages and basements. Once the big guys got a hold of it It became primarily a process of adding tail fins.
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