2010 Mid-Term Election Results

[Urbane Guerrilla]

Tax cuts to fix an economy is a perfect example. Can actually make things worse.

Don't see how. The corporate reason for not hiring the jobless hardly at all is they don't find the money in any of the company's accounts to pay their hires, not so?

Tax cuts make more money available to said company, not so?

Hiring, assuming the costs of employment are both predictable and affordable, may then proceed, not so?

Reduction of regulatory compliance costs and reduction of the tax bite gives the company the wherewithal to hire, not so?

Tax reduction is essential to recovery. Overregulation prolongs all depressions.

[Happy Monkey]

Originally Posted by Urbane Guerrilla

Don't see how. The corporate reason for not hiring the jobless hardly at all is they don't find the money in any of the company's accounts to pay their hires, not so?

Not so. Corporate cash on hand is at an all-time high.

[tw]

Originally Posted by Urbane Guerrilla

Tax cuts make more money available to said company, not so?

Which is the sound byte promoted by extremists to appeal to those with the lowest intelligence.

Meanwhile, those who deal in reality and fact know that tax cuts only create short term economic thrill (like a drug) followed by serious economic destruction when the bills come due.

Those educated in reality know that tax cuts to the richest do not create jobs. The richest do not create jobs. They simply maximize their wealth at the expensive of all others.

Who creates jobs? Those who aspire to be rich. And those people saw their incomes drop 2% during George Jr's tenure. When tax cuts were enriching those who do not create the new and innovative jobs.

Of course, this has been explained often. It contradicts the extremist agenda. Best to ignore it if promoting Limbaugh lies and Hannity hyperbole.

Tax cuts never created innovation or the resulting jobs. History over 30 years said jobs were created when fiscal responsibility (including tax increases) were implemented. Only those most easily manipulated by MBA myths think money games can create innovation and jobs. But again for those who ignored history, the Kennedy tax cuts only resulted in job losses so many years later.

Making the rich richer has – every time – been followed by massive recessions. Only people living in reality learned this history.