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Do tax breaks for the rich really create jobs?


Nick Hanauer, a venture capitalist states consumers create jobs and not the wealthy. He claims the rich only hire if consumers are buying goods and products and that there are not enough wealthy to support our economy. He says, "If it were true that lower tax rates and more wealth for the wealthy would lead to more job creation, then today we would be drowning in jobs. And yet unemployment and under-employment is at record highs."

 

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Attikos profile image77

Best Answer Attikos says

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4 years ago
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    ackman1465 4 years ago

    This is an interesting - and, likely, and accurate - take on the matter..... I give you a +

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Marlene Bertrand (MarleneB) says

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4 years ago
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    Dennis L. Page (pagesvoice) 4 years ago

    I understand what you're saying MarleneB, but from my perspective I disagree. I too had a business with 10 employees who I paid a fair salary, commission and bonus. A lack of customers, not too many taxes caused me to let them go.


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David Hunt (UnnamedHarald) says

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GNelson says

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    Dennis L. Page (pagesvoice) 4 years ago

    Can anyone who echoes the Reaganomics philosophy show me how we prospered by keeping the rich richer? They can't because it doesn't work. Class warfare? You bet, and it is the rich that have declared it.

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Bill (handymanbill) says

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ackman1465 says

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    ackman1465 4 years ago

    Incidentally, there has been a very good string about this subject in the cartoon "Doonesbury" over the last several days...

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d.william says

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nightwork4 says

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David Zephaniah (dzephaniah) says

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screaming says

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    Dennis L. Page (pagesvoice) 4 years ago

    To quote Yogi Berra, "It's deja vu all over again," if Romney wins the election. The definition of insanity is doing the same thing over and over again and expecting different results. Trickle down economics has not and does not work.

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feenix says

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4 years ago
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    Dennis L. Page (pagesvoice) 4 years ago

    Henry Ford purposely paid his employees a fair wage so they could afford the cars they manufactured. So my question today is where are the jobs rich people made? Tax breaks for the rich do not work. Middle class needs the income to sustain us.


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