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Originally Posted by Guest
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Well, let's see. You parrot liberal talking points suggesting that trickle down does not work. So, you feel that "investing" taxpayer money in temp gov jobs is growth right? Well, explain why it did not work for Obama. He spent a trillion bucks to create shovel ready jobs and admitted that he did not create any jobs. Wasted money. However, in spite of restrictive regulations and taxes by this administration, there has been some private jobs created. Not enough to balance out what has been lost, by a long shot. We have had more people leave the work force than ever before in history. We have had a record number on food stamps and welfare, and still do. And what did the taxpayer get in return? Ten trillion bucks more in debt.
Now, on the other hand trickle down means that there is more money to be spent on investing and hiring employees. That builds the economy. Gov spending does not, as reflected in the historic lack of GDP growth in the last eight years. More employees and more profit makes more tax revenues. More products being produced and traded means more GDP growth. That is just common sense and I am putting it simply.
Higher taxes and gov job growth does not equal a better economy. Just the opposite. And your insistence that the stock market is an indicator that our country is doing great, is just a naive statement. Kind of smoke and mirrors.
To put it REAL simple, higher taxes pay the bills but do not encourage economic growth. It just pays revenues, period.
Lowering taxes, allows more investing and hiring as well as more money in the pocket for spending. That boosts the economy and also boosts tax revenues.
Yes, you can get equal amount of tax revenues by higher taxing, but you do not build the economy and no one has a better living standard. Living standards decrease as taxes increase without wage increases.