Republicans insist that raising taxes on the wealthy is bad because it would squelch job creation. Instead, we should lower their taxes to give them more money which they will use to create jobs in America. No one ever asks them how that works.
Will they spend that extra money buying more TVs, will they go out to eat more, will they refurnish their bedrooms, will they buy an American made car, will they reroof the garage? A few might but for the most part the very rich already have enough money to do the things they need, and want. So that extra money won't increase demand enough to notice.
Most of that extra money will be invested and that isn't what the economy needs right now. Chances are that money will create jobs...overseas. That's where the growth is right now.
Give a wealthy household an extra $20,000 a year and you won't see much difference in the economy, give the average household an extra $2000 and almost every penny of it will find it's way into the retail economy within months, creating demand, keeping small businesses open and maybe growing.
Would someone please corner these Republicans that insist tax cuts for the wealthy is the best way to create jobs? Please, make them explain how it works and why it is more effective than a government stimulus package to create jobs, or a government check of $x,xxx to all households, or some other idea that would create jobs and get the unemployed working and paying taxes again.
--Trakker
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