Quote:
Originally Posted by Calgaryborn
I've heard a lot of ridicule about the notion that the rich need money in order to create jobs. It is pointed out that few have been created under Obama even with the retaining of the Bush tax cuts. So how do you see jobs created. The job rate still hovering over 9% has got to be Obama's greatest failure. The real numbers of unemployed are obviously much higher. OK, so you take more from the rich. How is that going to produce jobs? If Reagan was wrong what will work? How can taking more money out of the economy do anything but, hurt it more?
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It's not that simple an equation. It has to do with a lot more factors than just taxes and/or stimulus. If it was seriously that simple every country in the world would have the same economic strategy.
In fact, if your taking money out, and distributing it to things like health care and education, you could help the economy with smarter, healthier, happier workers.
Now, that's just a for instance as well, it obviously doesn't work that simply, but your fooling yourself if you think statement is even close to the truth.
If you have a middle class that's beaten down, unhealthy, uneducated, overworked, poor, unhappy, how good do you think the economy will be?
Don't think we aren't seeing a bit of that right now. And don't think it won't get worse if the tax situation isn't made more fair.