richardhutnik said:
You read that right. That means 30 million jobs over a 5 year period. That is what the article said needs to be done, over the next 5 years to get back to levels of employment prior to the current crisis that hit. I crunched the numbers and found that if you merely went with making up the loss of the jobs, plus 150,000 per month needed for population increase, it works out to be lightly more than half that, at 25000 jobs a month. So anyone care to forecast a scenario where 250,000 jobs can be created over a 5 year period, if you slashed regulations to nothing and didn't tax anyone? Is there a scenario that is the inverse of the Laffer Curver, where economic activity decreases permanently, because of lack of government involvement maintaining a minimum of standards to insure safety and stability in a society? In short, a minimum tax is needed to maximize societal returns. |
ok so i read it wrong
