Tuesday, December 28, 2010

Why Tax Cuts Don't Stimulate Job Growth...


This is one of those "no-shit" moments...People have bought into the zombie-lie that tax cuts create jobs...Demand for products stimulates job growth...giving corporations and rich people more money does not...Companies will not produce products, and consequentially jobs, if the majority of Americans are limited financially and unable to purchase those goods...Extending and expanding unemployment insurance is a far better methodology of keeping money floating throughout the economy...

http://www.bloomberg.com/news/2010-09-13/rich-americans-save-money-from-tax-cuts-instead-of-spending-moody-s-says.html

No comments:

Post a Comment