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Originally posted by TheWalkingFox
reply to post by moonzoo7
Well, maybe not exactly true on hte jobs thing. it's true that the President doesn't create jobs. But congress can have an impact.
cut taxes on the bottom 40% of Americans. Increase taxes on top 15%. Expand "Welfare" programs at the bottom 10%.
What you've just done is drastically increase the buying power of the majority of Americans. They'll buy more, demand goes up, jobs (hopefully) expand.
The cause of these economic contractions is, after all, people not engaging in the economy. so the obvious way out of a contraction is to provide the means and incentive for the bulk of the populace to get back to business.
Unfortunately? Our Congress is bought and paid for, and will continue pretending that jobs are created by hte top 5% of wealthholders - after all, that's who bribes them so luxuriously.
America's primary interest needs to be in keeping Americans employed, housed, and well, not on ensuring gigantic profits for the narrowest sector of the populace.
Originally posted by spaznational
Well, I don't think it is the Top 5% that bribes them. That is to say 1 out of 20 people. It's not even the Top 1%. It is the Top 0.001% (at most) that has any sway.
The Top 0.001 can provide big money however it's bottom HALF that is mobilized to get the vote volume needed. The bottom half (48%) are net tax recipients who profit from our current tax system. The rest PAY for their freeloading. But as long as people can vote themselves a raise the system will never change.
I disagree on another point: It is reasonable to state that the Top 5% create most of the jobs because these are the small business owners, physicians, lawyers, restauranteurs, architects, and on and on. These are job creators. And you don't need to be a millionaire to be in the top 5% of income... remember, 5% is 1 out of 20 people.
These people quiet literally drive our economy, so I think it is not prudent to punish them with additional tax burdens. (I've never been hired by a poor person, by the way.)
What would benefit EVERYONE is an across-the-board tax reduction. Perhaps something like the Fair Tax or a flat tax of some sort. This would allow everyone to purchase more, and allow business owners to re-invest more into new assets and new hires.
Also, the idea of a "weathholder" is a myth. Money is employed, not stashed. Rich people utilize their money to create more wealth through investing, and this provides the capital necessary for business of all sizes to run and grow.
Originally posted by TheWalkingFoxAnd this lie is the most vile, stupid, wrong-headed piece-of-# argument existing in modern America. Congratulations. No, the wealthy do not "create jobs." Demand creates jobs. Do you understand the basics of economics, chief? if a business is booming, THAT creates jobs. if a business is contracting, THAT reduces jobs. Daddy Warbucks isn't out waving his cane and making employment appear, it's the people buying things and seeking services that do that.
Originally posted by TheWalkingFox
reply to post by bone13
Actually, he WILL get reelected. Sorry man, I know he's not your cup of tea, but... well, the Republicans aren't exactly graced with an all-star team here. Ron Paul really is the best... and he's not that good. I know, it's blasphemy around here, but it's true.
Ron Paul takes the stage, says "My plan is to fire hundreds of thousands of people, privatize several chunks of the public service sector at a 75% loss, and then do absolutely nothing except collect a taxpayer-paid salary for the next four years, enjoy your weed." and you think he'll win?