Guy DePlacido

Guy DePlacido Sept 8, 2011
Imagine you are a worker in a capitalist society. Discuss the advantages and disadvantages to lowering business taxes
If you are a worker in a capitalist society, there are many incentives to working hard. Workers are rewarded for high productivity and this is always great for a business. If workers are working hard and production is up, then you can sell more product and make more money and this is exactly what keeps businesses running.
The advantages of lowering business taxes are that people think that more jobs would open. This is not always true depending on your boss. Some bosses will pay more to hire more workers so that they can make more products. Unless the demand is high for the product that their business actually produces, the chance of this is very low.
Lowering the business tax will lead to the owner having more money but not necessarily hiring more people. Business owners always want to make as much profit as possible. If they make a lot of money, they won’t just go and hire more workers because that is more money they have to dish out, which is less money in their pocket.
Another advantage of being a worker in a capitalist society is that there are many opportunities of moving up in a system and getting a pay raise. A major reason that workers like private businesses is that they can move up the ladder to higher positions. This is a major incentive to workers because it gives them an actual reason to work hard. When there is opportunity for bettering themselves, workers will jump at this opportunity and business thrives in companies like this.
There are many advantages and disadvantages to lowering the taxes. I think that most of the reasons above are the best examples of it but I also think that just by lowering the taxes isn’t going to help our economy whatsoever. Lowering taxes is a short term fix and that is it. Our economy will still suffer due to the lack of jobs that are out there today. So my final opinion on the topic of lowering taxes in a capitalistic business for workers that it is a bigger advantage than disadvantage. I believe this because its easier to make money as a worker because there are more benefits for hard work in a society like this and it also is a bad thing when it comes down to unemployment rates because it doesn’t open jobs. So for workers it is an advantage but for people that are unemployed, it is a disadvantage.