Originally posted by Adogg
Misplaced as in aimed at the wrong segment of the economy to stimulate growth.
Were would you "aim Tax cuts. But to those that pay taxes.
[Tax cuts that benefit the upper tiers of the tax base do not generate consumer spending. You start with people who have to spend money to survive. i.e. the poor and working poor. Its been a basic economic truism since before WWII. Basic needs expenditures like food, clothing, housing work their way through the economy into other forms of spending. You give a tax cut to somone who already has equity in a home or personal savings and you don't really do much, it tends to get put away in more savings where it earns a pittance in interest. No stimulous. No economic growth. You still with me?
[edited for speeling]
the working poor do not pay taxes, It's called earned income tax credits or they are making to little to pay, Secondly I have never heard of the working poor starting a business and employing anyone.
Furthermore since when do those who make enough to pay taxes stop eating, driving, going out to restaurants, movies, theaters, get their cars washed, detailed, shopping for cloths paying tuitions, daycare, baby sitters, you starting to get the picture?
These people employ others, by spending.
Get off the class warfare tactic, and open your eyes, Those that make money, after having avoided having children out of wedlock, staying in high school, passing college and taking on tremendous risk and debt, to achieve a higher stander of living, are not the bad guys. You hanging in there?
They are also the ones whom invest in small companies, stocks,
Originally posted by Adogg
I suggest you read some of the fine analysis put out by the World Bank and International Monetary fund in Washington. Even the economics journals from any of the top ten Universities in the US should be fairly representative in that regard. [edited for speeling]
The IMF has not helped a single country it has lent money to. That’s not the best source to quote if you’re looking for credibility.