said by NetAdmin1:I wasn't talking only about personal incomes. He stands to raise taxes and put other burdens directly on businesses too. That is where the issue will be in forcing them overseas. said by ropeguru:
But the fact of the matter is that it will be raise don those that hire people to work for them. When this happens, it will just force more companies to downsize and move overseas which will kill the economy even more.
I have heard that claim made many times - that raising the tax rates on the PERSONAL incomes of CEOs, other overpaid execs and people with high incomes would result force companies to downsize - but have yet to see anyone prove that higher tax rates on PERSONAL income and unemployment rates are linked. I would believe high corporate tax rates might affect employment numbers, but not taxes on personal income.