All of them? Really?
I think there are a good many rich people who inherited money and invested overseas. That doesn't create a single American job. So let's quit with the fantasy that all we need to do to create jobs is cut taxes, because it just doesn't sell, as is confirmed by the polls. The leverage in decreasing regulations is far greater in terms of both net revenue and GDP.
The principal benefit of cutting corporate taxes does is attracting foreign investment. Without cutting regulations, that won't happen anyway.
So morality is defined by polls.
I wasn't aware of that. Thanks for the heads-up.
Every year FORBES magazine features the 400 richest people in the world. Every year I go through the list to see how many inherited their money. It's always a very small percentage. Most of those on the list Got their money through some kind of entrepreneurial activity.
I used to teach Multinational Corporate Management. One of the reasons for investing in a foreign country is to place a factory inside that country's tariffs and other trade barriers. This is usually better than trying to manufacture in the US and then exporting.
“I think there are a good many rich people who inherited money and invested overseas.”
Then you have not studied wealth in the United States. Over 90% of the “wealthy” are 1st generation business owners. They ARE the job creators. See http://www.ncpa.org/pdfs/st289.pdf
The US does not tax wealth -it taxes income. As such when money is inherited it is with few exceptions already taxed once -are you suggesting it be taxed more or that wealth be redistributed if inherited?
I would suggest that reducing taxes is always good.