Quote:
Originally Posted by kane
Oh... and they guy in the video might be correct.
Here is an interesting Bloomberg article.
It points out that since JFK took office in 1961 there have been 42 million private sector jobs created under democrats and only 24 million private sector jobs created under republicans.
Democrats are known for raising taxes while Republicans are known for lowering.
There have been about 23 years of democrats in the white house during this time (including Obama) and about 28 years of republicans in the white house.
I think the numbers kind of speak for themselves. |
It only works if there is a left and a right wing.
If taxes are high you invest to lower your tax bill. (Knowing it will go down later)
Taxes are still paid but more as a income tax from jobs created.
The workforce grows and so does the salary.
Costs go up, demands for higher salaries go up and now you lost the ability to compete against low salary countries.
If taxes go down you take out more profits.
More profits to you = less salaries paid = job count goes down.
Salaries goes down as the unemployment goes up and your ability to compete or reinvest goes up.
If you remove unemployment benefits and income taxes and only had sales and import /export taxes the economy would blossom.
Only "free" services that should be provided should be education and health care