Conservatives believe that the Wealhy/Rich Consumers create Jobs but the fact is there is not enough Rich/Weal?
Friday, February 26th, 2010
Conservatives believe that the Wealhy/Rich Consumers create Jobs but the fact is there is not enough Rich/Weal?
Conservatives believe that the Wealhy/Rich Consumers create Jobs but the fact is there is not enough Rich/Wealthy Consumers to create Jobs it is the Middle Class Consumers that create Jobs does anyone else agee with me I know Conservatives won’t agree with me but what about my fellow Democrats I am a Democrat by the way.
Why High Taxes Are Bad
by Joe MartinThere’s a very simple way to demonstrate that high taxes are a bad idea. Rich people have lots of money. The best thing possible for everyone else is that rich people spend that money. Every dollar spent by a rich person is a dollar that helps employ someone else. If buying a car, auto works are employed; if buying a suit, textile workers are employed; if buying a house, construction workers are employed; if buying a yacht, dock workers are employed.
The more government taxes someone, the less likely they are to put their money in places where it can be taxed. If they stop spending, the entire economy suffers. If government lowers their taxes, they will be more likely to spend their money, thus creating jobs for everyone else.
Call it trickle down economics. Call it Reaganomics. Or call it psychology. Whatever you call it, it works. Tax someone more, they’ll spend less; tax someone less, they’ll spend more. I’m better off when they spend more. Aren’t you?
http://minorthoughts.com/economics/why-h…
Do we need the middle class?
Kevin Drum writes that
One way or another, there’s really no way for the economy to grow strongly and consistently unless middle-class consumers spend more, and they can’t spend more unless they make more.
http://krugman.blogs.nytimes.com/2008/12…
http://books.google.com/books?id=UnJWzW9…
car.auto
