What proof supports the theory that lower tax rates on the rich leads to more job creation?
The Republicans firmly believe that lower tax rates on the rich lead to more job creation. Yet the economy created more jobs under President Clinton than it did under President George W. Bush despite the Bush tax cuts. So what proof do the Republicans have to support their theory?
It sort of doesn't work when the rich hoards cash like in this case. So far, there is no solid evidence that cutting taxes on the ultra rich does anything to stimulate the economy, especially employment growth (who knows- it might happen given the conditions fall into place). Since we have free trade and deficit spending has screwed the US even more, the theory in this case will definitely not work unless the rich stops hoarding cash.
Sound and constant fiscal and monetary policies help the economy grow. Stop changing laws like a person changing clothes and limiting dumb lawsuits will help the economy grow.
by Stump Parrish2 years ago
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by My Esoteric2 years ago
The bottom line of President Reagan's Right-wing endorsed economic policy is that "if you put more money in the hands of the wealthy, it will, 1) Expand the economy, 2) Let the boat rise with the economy, and 3)...
by Peeples5 years ago
For those who want the rich to pay more...what are your thoughts on this photo?
by American View15 months ago
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by Grace Marguerite Williams3 years ago
the United States, are YOU happy with or regret the choice that you have made? Why? Why not?
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Funding for our country's children is being cut, but we allow a hedge fund manager to make enough money to pay the salaries of every public school teacher in New York City. Most of his earnings are taxed at a rate less...
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