View Single Post

Re: Same as it ever was...
Old 12-12-2010, 06:53 PM   #3
Jason1
J-Dub
 
Jason1's Avatar
 
Jason1 is offline
Location: Illinois
Now Playing: Metal Gear Solid V: The Phantom Pain
Posts: 7,402
Default Re: Same as it ever was...

The fact that we are extending Bush tax cuts for multi-millionaires is utterly ridiculous. TRICKLE DOWN ECONOMICS DON'T WORK. The rich fat cat execs wont hire more people because they get a tax cut. They will just pocket their money because they are all greedy. Republicans dont want to extend unemployment benefits for people that really need it, but are completely willing to extend tax cuts for all their rich buddies, even though this will add to the debt waaaaaay more than an extension of unemployment benefits will.

It basically works like this. Lets say you own a company that makes widgets. You have orders to make 10,000 widgets this year, and you have just enough employees to get this done. Suddenly, you get a order for 5,000 more widgets. So you hire more employees to keep up with demand. Now, lets say you get the tax cuts you were hoping for. Will you suddenly hire more people just because you received a tax break? NO, you wont, because demand is the same. Likewise, if you dont receive the tax cuts, will you start laying people off? Again, the answer is no...you still have that demand for the extra widgets and your still making money the more widgets you sell. This stuff is really pretty simple here people...
__________________
Nintendo Network ID: stljason1
  Reply With Quote