Monday, September 17, 2012

Regarding Trickle-Down Economics:



http://finance.yahoo.com/news/tax-cuts-rich-dont-spur-151649273.html

It surprises me that people keep insisting that lower taxes for the wealthy will create jobs.  That's simply not how the economy works.  New jobs arise from increasing demand for goods and services.  For demand to increase, those who might want the goods and services need money.  And by far the largest market for goods and services is among the middle and lower classes, particularly the middle class.  Therefore, if we really want to encourage job growth, we must do everything we can to ensure that the middle and lower classes have a good income.  Giving money to the richest members of society, who already have plenty to spend on the goods and services they want, will only promote them socking it away in places that tend to be far removed from job growth.

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