Lemme see if I have this right: The Republicans say no new taxes on the rich because they (the rich) are the ones who are the "job creators", and taxes on them would kill off the new jobs we desperately need right now.
Sounds good on the surface, but it doesn't seem to hold up under scrutiny. When the economy imploded in 2008 it was estimated that over two TRILLION dollars was moved out of various investment vehicles (stocks, mutual funds, corporate bonds, etc). Just today CNBC (business news channel) said again that roughly a TRILLION dollars was still on the sidelines not invested. In other words the rich are NOT using their money right now to create new jobs. They're sitting on their wealth waiting for lucrative investments to come along, but there are too many unknowns right now to make them feel comfortable parting with their cash.
So if a little less of rich folks money was sitting idle on the sidelines not creating jobs, how would that hurt the economy? Seems to me if it were part of an agreement (along with cutting tons of waste, fraud, and bloat from government programs) to dramatically reduce the deficit, THAT would eliminate some uncertainty and help create jobs. Think of it as a bit of "pump priming".
Make sense?
S
politicians too often are against something only because the opposing party suggests it and not them! They should finally decide for the good of everyone and not their own egos!
ReplyDeleteI lean to the left on politics but it does not matter whether its Dems or Repubs, both are incompentent and far too entrenched with outdated ideas for any real change or reform to happen.
ReplyDeleteIts going to take something large and terrible to dislodge these parasites.
Dorrie...I couldn't agree more.
ReplyDeleteBum...Calling politicians "parasites" is a terrible insult to all parasites everywhere.
S
S,
ReplyDeleteThere are so may moving parts to this equation it isn't funny. Government waste is WAY up on the list.
Shall I server you a soup sandwich while I go herd some cats?
Cheers,
Bobby