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Obama seems to expect that more stimulus will help.
It should, as long as he doesn't use the mythical tax cuts formula applied in 2001, 2003 and again in 2009 where nearly 2/3 of the stimulus was... you guessed it right... tax cuts.
It should, as long as he doesn't use the mythical tax cuts formula applied in 2001, 2003 and again in 2009 where nearly 2/3 of the stimulus was... you guessed it right... tax cuts.
So letting people keep more of their hard-earned money hurts the economy but paying unemployment benefits helps?
Location: In a Galaxy far, far away called Germany
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There hasn't been a single president to show up for our jobs in decades. Our jobs have been on a steady mass exodus under Bush senior, Clinton, Lil' Bush and continuing with Obama.
To pay UI the government takes the money from the private sector.
This would be the private sector that puts those people on the unemployment line to begin with because there wasn't enough demand for their jobs... them getting UI helps create that demand and ultimately benefits the private sector. No?
Why do you think private sector shrinks and sheds jobs during recessions? Because they stopped getting tax cuts, or because the demand for their goods and services shrunk? Think!
This would be the private sector that puts those people on the unemployment line to begin with because there wasn't enough demand for their jobs... them getting UI helps create that demand and ultimately benefits the private sector. No?
Why do you think private sector shrinks and sheds jobs during recessions? Because they stopped getting tax cuts, or because the demand for their goods and services shrunk? Think!
Apparently when you have only $5 by taking it from the right pocket and putting in the left you get $10?
Abolish the minimum wage. Drop the corporate tax rate to 0% and raise the top tax rates on capital gains and personal income to 35% on people making $1,000,000 and up and leave it the same for everyone below $1,000,000 year. Blanket amnesty. Open the borders. Make all drugs legal and available in small portions through the government.
There have been plenty of real-world studies that prove decreasing (or at least not increasing,) the minimum wage does not create jobs.
You can also argue that due to sheer number of tax loop holes, most corporations already pay 0% Tax.
Doing both of these would make the United States a third world crime ridden nation overnight. I doubt we'd ever be able to dig our way out of that mess, despite the best intentions of everyone involved.
Apparently when you have only $5 by taking it from the right pocket and putting in the left you get $10?
Money paid out in UI, gets spent, not saved or taken out of circulation by other means. It's the spending part of that money that not only helps the unemployed person, but also the local merchants and service providers. Most Economists believe that the spent money does generate more than the amount spent. How much more is an arguable. Generally the return ranges from .5 to 4 times that spent.
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