Kasz216 said:
Which itself is extremely rare. In general, when the rich get richer, the economy expands and everybody does better... and yes this is backed up by evidence and is one of the most basic economic realities. It isn't the other way around, because the rich are getting ricehr BY growing the economy.... they're the ones who are doing it... because they're the only ones equipped for mass wealth creation.
I do agree that tax cuts are fairly pointless towards the economy outside of a short term boost. Though tax raises due nothing but cause a short term to medium term slowdown. |
When the rich get richer it doesn't expand the economy. More diverse companies creating growth of their own is what causes more opportunities for more people. As I said before when large corporations and conglomorates buy out the competition they dwindle down true opportunity and true choice within the nation. The rich getting richer is code for the rich (or in this case staggeringly wealthy) fearing to lose money to competition even amongst generational expanding wealth. They will look for cheaper ways to pay workers and ways to top their profit. When there is no cap theres no end to the madness. The wealthy corporations are finding more ways to save money and not to reinvest their money, while increasing LY.
Raising taxes wont hurt anyone, but people with no jobs. Employers would have to pay people a sufficient amount on average to support a raised tax, which would open up more socially funded opporunties to the people. More government jobs, optional government run hospitals for small cases which frees up space to larger corporate for profit hospitals which generally overflow and overcharge patients just to sit down for ten seconds. No one can tell me it can't work either because theres one where I live and if you don't have a major condition anyone can go there without problems. If you have a major case the for profit hospitals are there.
