Re: Reject the Welfare/Warfare State
Lance McLain <lance-X3DuywwxauBWk0Htik3J/[email protected]>
| Newsgroups | gmane.music.dadl.ot |
|---|---|
| Message-ID | <[email protected]> |
On Nov 9, 2010, at 1:12 PM, Peter T. Chattaway wrote: > On Tue, 9 Nov 2010, [email protected] wrote: > >> > I mean, even lowering taxes on the rich obviously creates jobs. > >> Because the rich either spend that money (somebody has to make the >> > stuff they're buying) or they invest it (somebody works at the > >> companies they invest it). >> >> The economy will not improve if the rich are buying more...it needs >> the rest of us to be buying more. If only the rich by the new TVs, >> cars, etc, the economy suffers. It isn't the rich we need to worry >> about being able to buy stuff-most of them are able to do so >> regardless of taxes. It's the people farther down the line. > > Yes... the people who *could* be hiring nannies or mechanics or > plumbers or tutors or whatever, if only they weren't taxed so much. Yes, some would...but a large number will be paying off debts with that extra money (paying for the products already created and jobs already worked and gone). Until a significant portion of the debt clears, there will be no growth, and subsequent hiring. regards, -Lance -- dadl-ot mailing list http://mail.thehood.us/mailman/listinfo/dadl-ot_thehood.us http://news.gmane.org/gmane.music.dadl.ot