Quote:
Originally Posted by Guest
I'm very concerned there is great momentum building for a large across the board tax cut that will not produce an equally large jump in employment and only redistribute wealth and increase national debt. Indeed if a company was to invest in this country the last thing they will want to do is create a job, it like collateral damage in a war. If there is any kind of tax reform it should be directly targeted at current American employment and any increase in the same. Is my thinking wrong?
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Tax breaks mean more spending, which boosts the economy, which means the necessity for more employment to keep up with the added demand. This means more tax revenues flowing into the gov coffers, but only if there is spending and not hording/saving.
Anyone wishing to argue this point then they are going to have to also argue Pelogrosi's point that increasing welfare boosts the economy. In my opinion, using logic if you increase welfare, you are increasing gov DEBT. But, she thinks that it boosts the economy. Socialist thinking, that always fails.