Please stop

The republicans continue to protect the current low tax rates on millionaires claiming that they are job creators and raising their taxes will hurt the economy.  I am literally sickened when I hear them make this claim because there are plenty of lazy thinkers that will believe this load of crap and support their bogus positions.  Here is why raising taxes on job creators will not hurt the economy.

1. Most millionaires are not small business owners, in fact they are Corporate Officers e.g. Chairman, Presidents, Vice Presidents, General Counsel etc. or Lawyers, Hedge Fund Managers etc.  The only jobs these people create are for low paying maid, lawn care, pool care, chauffeur type jobs.

2. The money these millionaires do retain is not spent widely in the USA.  They may buy a new pre-owned mansion or yacht or private island but none of these purchases help the US economy.  The money is too concentrated and simply cannot be disbursed as it would be if it were in the hands of millions of people spending every dime on food and products.

3. They typically invest their money in gold or off-shore investments because developing nations are experiencing a faster growth rate and pay higher interest on bonds than the US.  Again, this does nothing to help the US economy.

4. Let's assume that we do raise taxes on some businesses....so what.  Remember, we are only talking about the PROFITS earned after all expenses (including employee) are deducted from revenue.  When businesses want or need to expand they typically borrow the money which today is the smartest move a business can make since interest rates are so low.  The investments they make are either expensed or depreciated as tax reductions and the interest paid on the loans is also expensed against revenue lowering the tax liability.  Raising taxes on business PROFITS has nothing to do with future investing or hiring.  I have never heard of a situation where a business decided to not hire and turn away business and revenues because they did not want to pay the tax.

5. Where have the jobs been, we have been and still are on the bush tax cuts.

If you are a blue collar republican, you need to rethink what is in your best interest.