Uncertainty

Republicans are fond of blaming the lack of jobs on business uncertainty.  For the past three years they have been in lock-step using this argument which has absolutely no basis in fact.  The real reason job creating investments are not being made is that Republican tax policies encourage non-job creating investments and discourage investments that would actually create jobs.  Anyone with money to invest can get a better after-tax return on investment by buying “paper” such as stocks, bonds, derivatives, or other Wall-Street creations than by investing in physical plant, equipment, or other facilities.  In addition, “paper” investments require no labor to hire, manage, or provide benefits.  “Paper” investments also do not require a great deal of time on the part of an investor.  When the return from a business is taxed as ordinary income compared to being taxed as capital gain or dividends, anyone with capital to invest would be insane to invest in a business that would create jobs.  When tax laws are changed so all income, regardless of form is taxed the same as wages and salaries and changed to define everything received as compensation for work as salary or wages the playing field will then level and the “uncertainty” will evaporate.