Monday, July 29, 2013 5:08 PM
I like how swinney is almost always the first to post here on TAP when a new Front Page presentation is put up. Either old Clarence is always on the computer or he's got some inside scoop going on. Well, whatever. Probably just a "conspiracy theory". He gives me my daily dose of humor and for that, I appreciate him in a very big way :-).
Gary, the quotes you've put here from your CEO Mr. Overcash tell a lot about him. First, ya gotta wonder why he was a CEO of four different companies...I mean, sounds to me like there were "issues" with him in some of those positions. Second, he isn't giving an honest assessment of how tax cuts affect businesses. Saying that tax cuts for businesses would just mean more money in stockholder's pockets so they can buy new cars and vacation homes is ludicrous. It's good rhetoric and spin, but that's not what most businesses do when they see less taxes. Oh, sure, higher profits through less taxation means the companies will be stronger (that's a big conservative principle), but in most cases it means companies grow and are able to avoid layoffs and do, in many cases, hire more people as they grow. The bigger the company, the more successful the company, the more the stockholders earn. That's where the new cars and houses come from, my friend.
An increase in jobs in the public sector costs more and more money for government. Government's only revenue source is taxation. So Mr. Overcash's statement "jobs are jobs, regardless if they are in the public sector or private sector" is absurd. More jobs in the public sector causes a need for more government revenue thus a greater need to increase taxes. It's not rocket science.
It's nice that you can find a man that is a HUGE exception in the business world to quote that believes as Mr. Overcash does. But, he truly is a HUGE exception. How many CEO's do you think believe as he does, Gary? As usual you'd never answer any question like that, but, people that do read this know the answer.
This state needs more industry...more employers. To get that, we have to be a state that taxes industry and other employers at a level that entices them to come here. It's just a fact. I think throughout the years here you have learned what my background and education is so you know I'm not talking "out of school" here in my assessment of Mr. Overcash. Most people with the same background and education as I have would agree with me.
Sad thing is, I think you know that and yet, you post this anyway.