Kasz216 on 30 November 2010
| BengaBenga said: Tax cuts for incomes over ~$100,000 don't work in general. Above that salary you have enough "spare" money to waste on consumer goods anyway, so most of it will be saved or invested in stocks. Especially the US economy is very reliant on consuming, so it's the middle incomes (the vast majority of the people) that fuel the economy by their buying power. It's likely that a tax cut for middle incomes WILL be spend directly, so will help the economy. |
Saving money... and investing in stocks create jobs...
