Uncensored2008
Libertarian Radical
UI, EIC, programs like this create demand
Unemployment and the Earned Income Credit create demand?
Have you been drinking?
which would tend to favor a company in the consumer space, like Apple. Microsoft works in the corporate space, so lowering corporate income taxes, for instance, should help them.
Microsoft neither rose nor fell on taxes or tax breaks.
You seem to be old enough to have lived through the 80s, but you seem to not remember them. There was this thing called "Reaganomics" which involved lowering CGT and the higher marginal tax rates.
Capital gains has absolutely nothing to do with corporate taxation. Lowering the marginal rates was based on the Tax Reform act of 1986, which INCREASED the total taxes paid by the overwhelming majority of American corporations through the closing of over 2,000 loopholes in the tax code.
This was very good for the stock market and for fledging companies like Microsoft and Apple who both went public in the Reagan era (Apple slightly before, but no matter).
Microsoft taxes rose significantly after the tax reform act.
So, to answer the "what the hell are you talking about" screed - These economic policies put real money in people's pockets (as we all know, corporations are people too)..... you choose to belive that doesn't happen if you want, but it does.
I understand that you have a political agenda, but what you are posting is pure fiction, it is not based on fact.
The first thing to understand is that there is no such thing as "demand side" economics. When someone uses the term, it's a clear indicator that they are abysmally ignorant of the subject. Even Krugman isn't stupid enough to call his polymorphic brand of Keynesian nonsense "demand side."
Even among those who have enough knowledge to label themselves "Keynesians," I find mostly ignorance, Query the meaning of NPV, FV or other common concepts and generally one finds nonsensical diatribes regarding Reagan. Few have ever heard of Friedman, Von Mises or Hayek, much less have a grasp of what they taught, thinking that Ronald Reagan created the theories and methods that the 25 years of growth enjoyed from 1982 through 2007 were based upon.
I suspect further that you've never read Keynes, nor do you grasp his ideas, relying on pundits and partisans like Krugman, rather than on knowledge.
Apple and Microsoft's growth in the 80's are irrelevant. Apple's growth over the last 10 years and Microsoft's comparable poor performance show that companies can make and lose money in all economic climates.
Then your claims of the taxes of the 80's causing growth is at best, spurious.
"Lowering taxes" is not "supply side economics"..... lowering taxes on corporations and financiers is "supply side economics".
Yet the 1986 tax reform act INCREASED taxes on corporations. How do you rectify they two statements?
I can hardly see how a company like Apple Computer would need or should receive tax incentives. They already have more money than Satan. The best thing for Apple is to keep handing out UI money so people will blow it on those stupid apps.
You think it's Apple who hands out unemployment checks?
Stick to tech, economics is not your subject.