Quote:
Originally Posted by Ethersync
I think the idea is that tax breaks for the wealthy (who pay most of the tax anyways) equals more investment in companies that give jobs to the poor and middle class so they have money to to blow on flat screen televisions. Also, the whole idea of rampant spending being necessary to stimulate the economy is the same as saying that the best way for a heroin addict to deal with his addiction is to have an ample supply of heroin always at hand.
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Yes, I know the theory behind trickle down economics but my point is that doesnt work. When the wealthy get a handout (tax breaks) they dont invest that back into additional jobs. The money stays at the top.
When the poor/middle class get a handout (tax breaks, stimulus) they spend it. This increases revenue for the wealthy and that increased revenue forces the corporations to invest in additional employees.