Build incentive to build new, reap more taxes later

2012-12-13T00:00:00Z Build incentive to build new, reap more taxes later
December 13, 2012 12:00 am

Washington politicians are jugglers trying to "balance" cuts (destroying more jobs) versus squeezing more taxes from fewer workers.

Here is an option: Write a new tax law allowing the wealthy to buy new initial offerings of bond or stock from companies willing to build and hire American workers. In return, the new investors will reap all the benefits free of any tax liability. When they decide to sell, standard taxing will apply to buyers then and thereafter.

Only the initial bond and stock sales produce jobs -- and taxpayers.

More jobs will also solve the Social Security and Medicare money shortage.

The American economy is tapped out. Give an incentive to build new and reap the bountiful source of taxes. Greed will get the wealthy to let loose of their money.

- Jim Petro, Gary

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