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If we give the rich more money, how many jobs will they create?
If we make more gun laws how many more criminals will turn in their guns?
If we pour more money into inner-city schools how many more inner city students will get Ph.Ds from Harvard and Cambridge?
If we give more food stamps to poor people how many more poor people will buy Volvos then pack up and leave the ghetto/trailer park/reservation for the suburbs?
If we jack-up the taxes on hard-working small business owners how many poor people will use the extra money from "social services" to start their own businesses and hire people themselves (for once)?
Our economy is healthy and vigorous, and growing faster than other major industrialized nations. In the last two-and-a-half years, America has created 4.6 million new jobs -- more than Japan and the European Union combined. Even in the face of higher energy prices and natural disasters, the American people have turned in an economic performance that is the envy of the world. 2006
The US unemployment rate for December was 4.9 per cent. That’s significantly lower than most other industrialized democracies. Unemployment in Germany stands at 9.3 per cent, France at 9.2 per cent, Canada at 6.5 per cent. Only Japan’s rate of 4.6 per cent and the United Kingdom’s 4.8 per cent were better than the US, according to latest figures from the Organisation for Economic Cooperation and Development.
Because Bush said so doesn't cut it. During first 2.5 years after Bush took office, 3.4 million private sector jobs were lost (down from 111.6 million to 108.2 million). At the end of five years, total private sector jobs added: 1.3 million.
Granted that the economy was in a recession in 2001, let us give six months for the job growth (being a trailing factor) before we count job growth over the two years that followed
Jun 2002: 108.8 million
Jun 2004: 109.8 million
So, 1 million jobs were added over those 24-months, or an average of 42K jobs/month. Who calls that great job growth? Twice as many jobs have been added in 17 months since Jan 2010, or about 125K private sector jobs/month and even that isn't great by any measure but it is three times better than 42K/month seen back then.
It won't create any more jobs in any substantial way, because the robber barons have other countries to invest in now. During the early days of the American Empire, we were basically the only game in town, so the industrialist had to invest in this place. Higher taxes for them was a trade off, for allowing them to build their monopolies, in order to stay on top. Now, that there is an ever increasing world work force of educated people and their not-so-well educated countrymen, these industrialist, no longer need pledge allegiance to the USA. We're in the race to the bottom, so buckle up!
Our economy is healthy and vigorous, and growing faster than other major industrialized nations. In the last two-and-a-half years, America has created 4.6 million new jobs -- more than Japan and the European Union combined. Even in the face of higher energy prices and natural disasters, the American people have turned in an economic performance that is the envy of the world. 2006
The US unemployment rate for December was 4.9 per cent. That’s significantly lower than most other industrialized democracies. Unemployment in Germany stands at 9.3 per cent, France at 9.2 per cent, Canada at 6.5 per cent. Only Japan’s rate of 4.6 per cent and the United Kingdom’s 4.8 per cent were better than the US, according to latest figures from the Organisation for Economic Cooperation and Development.
Why would anyone want to take more money from private citizens and give it to the government?
Because the government and the fed just gave billions, if not trillions of dollars worth of surreptitious guarantees and subsidies to wealthy Americans and large privately owned institutions, via bank bailouts. That money needs to be taxed back, and taxing capital gains and dividends are the best way to do that.
The real question is: who deserves money that is printed from the treasury? Banks, or the government? Right now it isn't making its way to the American people, otherwise we'd see wage inflation.
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