| theman88 said: It is called the trickle down theory. Even though the rich are rich, they spend all of that money in places that give other people jobs such as stocks, retail, car sales, etc. And the thing that everyone seems to forgot is that these rich peole get charged taxes on everything they spend money on. Spread the wealth rewards those that work and suck off the system. And by taxing the rich more, they will not spend the same. the reason taxes are done by percentages is because it equalizes the system 30 percent of a 10 million dollar income is 3 million dollars to the government. It all works out it just happens to be that this economy sucks right now. |
If you read Aftershock, you will see the argument laid out that the rich don't spend money in sufficient amounts to stimulate the economy. The money builds on itself, and keeps earning more money, as they invited in plants in China, that create jobs there.
