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...when the benefits stubbornly fail to “trickle down,” it simply means we need more tax cuts.
Did you know tax cuts pay for themselves? It’s true … except it’s not. Just like the Iraq war cost only $50-$60 billion. Except it didn’t. Just like Iraq’s oil revenues paid for reconstruction. Except they didn’t. Credit Where Credit Is Due :: Scrutiny Hooligans
More Republican lies and BS. Where are the jobs Boehner???
Where's a jobs bill Republican/Tea Party Congress???
Jobs are not created primarily because consumption is down - demand has decreased. Tax cuts allow people to spend more of their money.
However on a secondary basis, corporate taxes, and the increasing amount of regulations means businesses are hesitant to hire - because owners are unsure how much it will cost to run their business. Therefore, the money does not trickle down.
Jobs are not created primarily because consumption is down - demand has decreased. Tax cuts allow people to spend more of their money.
However on a secondary basis, corporate taxes, and the increasing amount of regulations means businesses are hesitant to hire - because owners are unsure how much it will cost to run their business. Therefore, the money does not trickle down.
The investor class does not spend their tax break money. They don't need to. That's why tax breaks for them do nothing to goose the economy. This is all a charade by the rich to keep more of their wealth.
Jobs are not created primarily because consumption is down - demand has decreased. Tax cuts allow people to spend more of their money.
However on a secondary basis, corporate taxes, and the increasing amount of regulations means businesses are hesitant to hire - because owners are unsure how much it will cost to run their business. Therefore, the money does not trickle down.
So, "trickle down economics" has always been a sham. And "the rich" don't create jobs, "demand" does.
Thank you.
Quote:
Originally Posted by kevinm
More jobs would have been lost without the taxcuts.
The investor class does not spend their tax break money. They don't need to. That's why tax breaks for them do nothing to goose the economy. This is all a charade by the rich to keep more of their wealth.
Sure they do. The money is not stuffed under a mattress. It is deposited in a bank which then LOANS it to a startup or it is INVESTED in the stockmarket to allow an existing corporation expand or borrow based on its increased value.
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