February 19, 201016 yr http://wonkroom.thinkprogress.org/2010/02/18/nelson-jobs-push/So tax them more is the answer? Isn't that the solution you support?
February 19, 201016 yr So tax them more is the answer? Isn't that the solution you support? The point is that cutting their taxes does not create jobs. The only way to do that is to get customers, the only way to do that is for people to have money in their pocket to spend, the only way to do that is through programs like Obama's most recent tax cuts, and the EIC, even if you don't think the people deserve it. The poorest will spend the money as opposed to save it. Saving money does nothing for the US economy and job creation.
February 19, 201016 yr The point is that cutting their taxes does not create jobs. The only way to do that is to get customers, the only way to do that is for people to have money in their pocket to spend, the only way to do that is through programs like Obama's most recent tax cuts, and the EIC, even if you don't think the people deserve it. The poorest will spend the money as opposed to save it. Saving money does nothing for the US economy and job creation. One of the great axioms of old is, "You know you're rich when you no longer have to work for your money, but your money works for you." If poor people spend instead of save as you suggest... then wealthy people invest rather than burying it in cans in their backyard. Wealthy people put their money to work for them... and the rest of us. Aside from a ridiculously top heavy government monster... this is where all the meaningful jobs come from. Where do you think banks get the money they loan to poor people to buy their houses and cars? If your answer is "the government" where do you think the government got it? The government does not create marketable ideas, products or services. The government takes whatever funds it has from the people that do the creating, the sales, and the work. For a relative handful of politicians to have the power to tax and redistribute the fruits of our labor for nothing more than expanding their grasp of power is criminal. The fact that employment is down is proof that sensible business people are unwilling to add workers when the future is so foggy due to uncertainty out of Washington. Why knock yourself out when bullies in DC are just going to take more of your hard work to spend on things you cannot afford or would not choose for your own family? Why take the risk just to be sucked dry? Screw it... :thumb:
February 19, 201016 yr The point is that cutting their taxes does not create jobs. The only way to do that is to get customers, the only way to do that is for people to have money in their pocket to spend, the only way to do that is through programs like Obama's most recent tax cuts, and the EIC, even if you don't think the people deserve it. The poorest will spend the money as opposed to save it. Saving money does nothing for the US economy and job creation. You have got to be kidding.
February 19, 201016 yr The point is that cutting their taxes does not create jobs. The only way to do that is to get customers, the only way to do that is for people to have money in their pocket to spend, the only way to do that is through programs like Obama's most recent tax cuts, and the EIC, even if you don't think the people deserve it. The poorest will spend the money as opposed to save it. Saving money does nothing for the US economy and job creation. Flys in the face of 100s of years of economic data. Businesses do not grow because of gaining poor customers... The spenders in the economy are the wealthy. The poor may spend a large percentage of their income, but wealthy spend much much much more.
February 19, 201016 yr You have got to be kidding. Did you read the article? Or are you just attacking an opinion with which you disagree. The article kind of lays out the facts and I just summarized. So no, I am not kidding.
February 19, 201016 yr Flys in the face of 100s of years of economic data. Businesses do not grow because of gaining poor customers... The spenders in the economy are the wealthy. The poor may spend a large percentage of their income, but wealthy spend much much much more. Did you read the article?
February 19, 201016 yr One of the great axioms of old is, "You know you're rich when you no longer have to work for your money, but your money works for you." If poor people spend instead of save as you suggest... then wealthy people invest rather than burying it in cans in their backyard. Wealthy people put their money to work for them... and the rest of us. Aside from a ridiculously top heavy government monster... this is where all the meaningful jobs come from. Where do you think banks get the money they loan to poor people to buy their houses and cars? If your answer is "the government" where do you think the government got it? The government does not create marketable ideas, products or services. The government takes whatever funds it has from the people that do the creating, the sales, and the work. For a relative handful of politicians to have the power to tax and redistribute the fruits of our labor for nothing more than expanding their grasp of power is criminal. The fact that employment is down is proof that sensible business people are unwilling to add workers when the future is so foggy due to uncertainty out of Washington. Why knock yourself out when bullies in DC are just going to take more of your hard work to spend on things you cannot afford or would not choose for your own family? Why take the risk just to be sucked dry? Screw it... :thumb: Yep, we have nobody getting rich in the US at all . . . they might as well quit working now. There is such hooey in this post. People like to spout these things, but they are simply not true.
February 19, 201016 yr Did you read the article? Yes and my post is factual. The poor are an extremely small percentage of the dollars spent in the economy, the spenders are the wealthy.
February 19, 201016 yr The point is that cutting their taxes does not create jobs. The only way to do that is to get customers, the only way to do that is for people to have money in their pocket to spend, the only way to do that is through programs like Obama's most recent tax cuts, and the EIC, even if you don't think the people deserve it. The poorest will spend the money as opposed to save it. Saving money does nothing for the US economy and job creation.:lol: Sorry Ace, you're way off the mark. Come on, like the it's the poorest that supports this economy! :lol: :lol: :lol: I think you know full well that it's the middle and upper class that drive this economy. If not, well...
February 19, 201016 yr :lol: Sorry Ace, you're way off the mark. Come on, like the it's the poorest that supports this economy! :lol: :lol: :lol: I think you know full well that it's the middle and upper class that drive this economy. If not, well... What middle class.
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