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Benefits a few at the expense of the many. When Sam Walton was alive he managed to sell good thing at good prices and they were made in America. Walmart now is low wage workers selling stuff made by even worse paid Chinese.
It never benefited everybody, however. The entire premise of heavily taxing the rich failed. Then cutting taxes on the rich failed. And no one has learned this. We still have people thinking that certain people should be taxed more or less based on their income with no empirical evidence to support it. It's a big lie.
Evidence abounds. The wealthy spend slowly. They do not produce jobs or demand. (This is why Bush's tax cuts failed.) They lose the least by giving up a dollar to taxes. Their marginal utility functions have been pushed to very low levels. They have already acquired everything they need and everything they want. They have to sit down and think to figure out what on earth to do with their money next. There is simply no question that maximum bang for the buck -- the most fiscal gain per dollar of national income cost -- comes from increasing taxes on the rich.
Agreed. It's just as stupid as saying that raising taxes on the rich benefits everybody.
Anything that involves "everybody" is obviously wrong, from a semantic point of view. But I'm guessing that's not your point. Regarding your actual point, I assume you forgot to put a negative somewhere in the sentence. Raising taxes on the rich does help society as a whole.
People are getting bargains on Black Friday. A local news program did a story about this. They showed proof that some big box stores' prices on electronics, clothes and appliances advertised as "deep cuts in prices" and "special bargain sales" were priced exactly the same as their Labor Day specials, Memorial Day specials and other "special" sales promotional days throughout the year.
They talked to the store managers of these stores at shopping malls who mostly gave them some comments like "We give our customers the best prices all year 'round." Blah, blah, blah. They never denied these they did this and they did admit the prices were the same when specifically asked.
All people had to do to get the Black Friday "bargains" was shop those days and store the items for Christmas gifts. Then they could have slept in the day after Thanksgiving.
Just about anything the corrupt and insane Fedgov spews.
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Benefits a few at the expense of the many. When Sam Walton was alive he managed to sell good thing at good prices and they were made in America. Walmart now is low wage workers selling stuff made by even worse paid Chinese.