Here are some of the year's big winners:
1. William R. Johnson, Chairman and President, H.J. Heinz. Bonus: $8,589,063, up 17.6 percent.
Top CEO Bonuses of 2010: Heinz, Oracle, Cisco, Nike and Rupert Murdoch of NewsCorp. - ABC News
2011 Executive PayWatch
China controls their economy. To have more control, we would have to be more like China. Not sure we want that.
We've linked before what business does with tax cuts.
Summation:
Although we would expect tax cuts to bolster the economy, empirical evidence shows that they typically don't. Tax cuts to the rich are more likely to promote investment bubbles than job creation. Tax incentives to corporations frequently promote job destroying choices, or simply become handouts to the executives and the investors.
why tax cuts don't create jobs
Florida has the fifth lowest corporate income tax rate in the country at 5.5 percent, trailing only South Dakota, Alaska, Wyoming and Nevada — states hardly in Florida's league. Yet Florida's unemployment rate remains far higher than the 9.1 percent national average. Recently, both a Tax Foundation study and University of Central Florida economist Sean Snaith have argued that reducing taxes has no discernible impact on job growth.
It's not hard to find evidence to support such a view. Other states with much higher corporate tax rates — Connecticut, New York, Illinois, Massachusetts, New York and New Jersey — all enjoy significantly lower jobless numbers, as well as hosting the corporate headquarters of many more Fortune 500 companies per capita.
Tax cuts don't create jobs - Tampa Bay Times
I usually just give the first two or three, but tohers have been posted. What can be done, and what is done are two different things.
They are that,. but not uncommon as to what is done with our appeasment of business.
And while I agree with you that one may be worse than the other, we curently do both. And when you lower their taxes, which largely doesn't amount to enough to actually make a major difference even if used, you have to have some evidence that they actually hire people. That evidence doesn't really exist. The evidence is all over the board, and u=suggests that other factors, not taxes, play a far larger role.
That's right. Without taking control, government can do very little. And I suspect neither one of us wants the government taking control.