I am a middle class web designer and developer for a high-tech internet start-up. Right before I was hired – the small company I work for was purchased by a large investment firm. The large investment firm saw a value in the product we were creating and decided to invest money into our smaller company.
This has allowed our small company to create many more jobs including my own, as well as provide good benefits and better pay. The investment from the larger parent corporation has clearly given us the critical funding we needed for the technology and staff to get our project off the ground.
My question is, how will raising taxes on wealthy investors and corporations (such as our parent company) help create more jobs and promote small businesses like our own?
Being middle class, of course, I wouldn’t mind a tax break. However – I would rather pay taxes from my earnings at a good job – than receive a tax-cut and face potential lay-offs.
I’m interested in your thoughts?