Originally posted by Gunslinger
Liberals:
WAAAAAAAAAHHHHHHH!!!!!!!!!!
THE ECONOMY IS FAULTER
Enter Bush Tax cuts to stimulate said economy
WWWWAAAAAAAAAAAHHHHHHHH!!!!!!!
HE GAVE TAX CUTS TO THE PEOPLE THAT DO THE MAJOR INVESTING IN THE ECONOMY!!!!!!!!!
Cry me a river
major flaw in your thinking.
say you have some rich guy who makes $20,000,000 a year, he spends a bit of it and saves the rest, with interest rates so low he might even invest it over seas or just buy gold and let the money sit until the economy is doing better, who knows.
the point is you give a guy who has money more money it's not going to change much. hell, you could accomplish the same result for the economy by keeping the money and letting the gov't invest it, that way the gov't still has it, and can use the profit and the principle to pay down our debt. instead we give it to a rich guy to invest so he can get richer.
if however you gave that tax break to the working class it would get spent. they would buy luxuries like dental care, electricity, food, and the like. these sort of things have to be produced and is you have customers with cash in hand to spend you will have no problem getting people willing to invest.
here's a bit of info that I would have thought would have been obvious, but from as many times as I've heard Republicans say "we need to cut the taxes of the wealthy to stimulate the economy", it isn't.
OK here it is -
the rich already have money. thats why they call them that. the funny thing is the republicans who run the show around here know it too, they just won't say it out loud. why do you think we got that early tax refund a few years back? the one that capped out at $600?
even though the wealthy were entitled to it, it had no real effect on their finances. working people spent that money, and spending fuels an economy, not investing.
