Good post. Henry Ford also understood this concept, he raised wages for all his employees in an attempt to drive up wages so more people could afford to buy his cars and it worked. What was true then is still true.
Well, then we shouldn't have an income tax at all then.
If the rich aren't paying enough in taxes already, and the tax burden on the lower and middle class is already crushing them, then cutting their taxes means they will have more money to spend, which this guy says will create more jobs.
I think we can go one better though, if the rich are getting more money from increased consumer demand, then they are going to raise wages so that they can increase demand even more.
Why stop there? Cut taxes on the rich too, now they have doubled their profits, but why settle for that when they can raise their wages even higher, increasing even more demand on their products, creating even more jobs.
I wonder how many people I lost the moment I mentioned cutting taxes for the rich. I wonder how anyone can think its reasonable for the government to own you for x% (whatever tax bracket your in) of the time you work.
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[ 4.2 ms ] story [ 13.3 ms ] threadIf the rich aren't paying enough in taxes already, and the tax burden on the lower and middle class is already crushing them, then cutting their taxes means they will have more money to spend, which this guy says will create more jobs.
I think we can go one better though, if the rich are getting more money from increased consumer demand, then they are going to raise wages so that they can increase demand even more.
Why stop there? Cut taxes on the rich too, now they have doubled their profits, but why settle for that when they can raise their wages even higher, increasing even more demand on their products, creating even more jobs.
I wonder how many people I lost the moment I mentioned cutting taxes for the rich. I wonder how anyone can think its reasonable for the government to own you for x% (whatever tax bracket your in) of the time you work.