Originally posted by: Throckmorton
Exactly. Isn't that what economic stimulus packages are all about? Conservatives are quick to point out that the top brackets create jobs, but they ignore the source of the business that they actually do.Originally posted by: jpeyton
The bottom 95% drive the American economy.
The bottom 95%, through sheer numbers, buy nearly all the consumables, the cars, consumer electronics, gas, groceries, homes, vacations, etc.
If the bottom 95% is doing better, they spend more, and the companies selling those goods do better. If the bottom 95% struggle, the economy struggles.
Trickle down DOESN'T WORK. Build it strong from the foundation up.
But also, the rich don't create jobs as charity, like emperors on high putting the minions to work. They hire people to do jobs that are worth more to them than the salaries they pay out. The idea of not hiring or firing because your taxes are higher seems like a fallacy to me.
I disagree with this logic. When a corporation does poorly the CEO often gets a bonus anyway. They use some language like "He steered the company through tough economic times ensuring they would be positioned for a recovering economy"! All they do is lay off a bunch of poor slobs working for them and they keep making a profit. The averge worker just can not win!