David BlumeI love that Tim O'Reilly commented with his thoughts on the study.
Tim O'Reilly originally shared:
FWIW, this matches my own experience as a CEO and business owner. Tax rates have never influenced my business decisions. In order to pay business taxes, you have to have profits. If you believe enough in your business, you reinvest in your business, and so you don't have all that much profit to tax. If you have so much profit that you can't find enough things to invest in, taxes are hardly the problem that tax-cut believers would make out.
Taxes hurt, and I don't like to pay them any more than the next guy, but so does exercise, and many other things that we do because we're smarter than to think that what feels good is the right thing.
Tim O'Reilly originally shared:
FWIW, this matches my own experience as a CEO and business owner. Tax rates have never influenced my business decisions. In order to pay business taxes, you have to have profits. If you believe enough in your business, you reinvest in your business, and so you don't have all that much profit to tax. If you have so much profit that you can't find enough things to invest in, taxes are hardly the problem that tax-cut believers would make out.
Taxes hurt, and I don't like to pay them any more than the next guy, but so does exercise, and many other things that we do because we're smarter than to think that what feels good is the right thing.
