Nobody likes to pay taxes so the threat of having to pay taxes has been the source of much of the US’s prosperity in the 50s and 60s when the marginal tax rate was as high as 90% on individuals and 52% on corporations. Over that time the average GDP growth was 4%, a growth rate we would wet our pants to have now.
http://www.epi.org/publication/ib364-corporate-tax-rates-and-economic-growth/
As a business person or corporation, what would you rather do? Give your money to the Gummint? or invest in equipment, production space, new locations, advertising to increase market and any number of other tax deductible investments that require paying workers?
Now corporations are not investing in more production though they are having record profits, even more than in the fifties. There is no market for increased production because there is less disposable income. No one to buy. Retail sales are down. So you buy back stock which was illegal in the 50s because it artificially drove up stock prices that then crashed hurting the large public employee retirement fund. But Trump, the Repugs and Dimocrits could care less because their campaign funds come from corporations and not people.
There has been a concerted class war and the .01% is holding the battlefield but the 99% still has power if they only realized it. By the way to find link I had to wade through 4 ads promoting reducing corporate taxes mascarading as articles.
