The rich will create jobs if they get a tax break.....

[Postman]

Like hell they will.

The only thing that creates jobs is demand for the product.

If Acme Buggy-Whip Company got a tax break on the leading edge of the automobile manufacturing boom did they create more jobs with that tax break?

Tax breaks given to this or that company do not equate to job creation.

[Catshrink]

1. Right. That's what * said.

[HughBeaumont]

28. And he proved to be a restaurant quality ( )*( ) with that prediction.

http://journals.democraticunderground.com/HughBeaumont/94

[Catshrink]

29. I don't think it was a prediction

I think it was a ruse -- he held out the carrot of jobs so the low information voters would go for it and they did. But the jobs didn't come so he started a war to divert attention. I took an extra dose of cynicism pills this morning.

[Ruby the Liberal]

2. Supply side economics = fail

It is why we are in this mess.

You have to create an economy from the bottom up when you rely so heavily on services.

[KansDem]

3. That was the horseshit handed to us by Reagan...

...and it didn't work. Instead, the rich squirreled away their swag in secret offshore accounts, and the economy collapsed in 30 short years.

Whoever thought giving the rich more money would result in them investing in America needed to have his/her head examined...

[rucky]

4. They can kiss my unemployed ass. n/t

[Deep13]

5. Also, you'll eat pie in the sky when you die. nt

[yurbud]

6. business has convinced everyone that employing people is a form of charity

It is not.

Your employer pays you less than your labor is worth to make a profit, and then makes more profit by selling to the consumer for more than it's worth.

It is as true for supposedly overpaid actors and athletes as it is for the kid working at McDonald's.

[leveymg]

7. Let's see: Bentley car salesmen; Learjet pilots; Motor Yacht captains, and a few others.

Not a really efficient jobs creation program.

[OHdem10]

8. All the Tax Breaks the Rich and Businesses were given during the

Bush Administration---They were created all right--in the overseas
market. The job losses were bleeding all during the Bush Administration
and the number of jobs created were paltry. Jobs sent out of our
country --OMG. Not a protectionist. Wise and Fair Trader.

[optimator]

9. very frightening that any Dem beleives in trickle down

and depressing

[laughingliberal]

32. Supply-side Democrats?

I think that's an oxymoron. That said, I've noticed a few around here. What part of this hasn't worked do people not get?

[The_Casual_Observer]

10. Maids & Gardeners , workers at Sotheby's, floor walkers at Hermes.

[Cleita]

11. I can't believe that they are still trying to trot out this failed,

trickle down economics policy of Ronald Reagan's like it's a fresh idea.

:eyes:

[Caliman73]

34. Didn't even Bush Sr. call trickle down "voodoo economics"?

Of course he kept right on course with the bullshit after he got a stern talking to, but he called it correctly in a moment of clarity.

[FarLeftFist]

12. Yes, let the Bush tax cuts for the wealthy be the example.

The slow decline into anarchy.

[EC]

13. The only way to create jobs from the rich

is to tax the hell out of them. Then they tend to put the money back into the corporations they own (improvements, new departments, new products, etc.) to avoid paying taxes....We have to force them to do the right thing...

[Ganja Ninja]

14. Or we could tax the shit out of them and use the money for public works projects.

Give the rich money and they'll invest it in China.

[paparush]

15. Supply Side Jesus would like to have a word with you...

http://www.beliefnet.com/News/2003/09/The-Gospel-Of-Supply-Side-Jesus.aspx

[liberaltrucker]

16. Yes, and I'll hit Powerball any day now

:rofl:

[LeftHander]

17. But it makes for healthy CEO bonuses....nt

[meow2u3]

18. Only a tax break on wages paid out will create demand, and thus more jobs

The more an employers pays their employees, the more money said employees will have in their pockets, creating more disposable income for people to spend their money on the products they make. The only tax break I'd give to businesses would be on wages paid out to their employees; this way, they'd offer more generous salary/wage packages so they could avoid paying income taxes.

IIRC, that was how the way rich people used to avoid paying hefty taxes when the top tax rate was 70-91%.

[guitar man]

19. Monkeys will fly out my ass

before that old canard is ever proven. It started with Reagan and it has NEVER worked for a single day. The super wealthy corporate ownership ruling class will do with any tax break what they always do, line their own pockets. They have been handed the world on a silver platter for the last 28 years and look where it has gotten us?

Any politician who raises that tired old flag should be tarred, feathered and run out on a rail! :grr:

[TomClash]

20. Here's what tax breaks have to do with job creation:

NOTHING.

If you want to create jobs, make people spend.

[anonymous171]

21. Wrong. They will create jobs,

in China. Why doesn't China deserve our jobs? Stop being so racist.

[Postman]

22. I'm stocking up on Chinese Yuan...

Might as well, they own our ass now anyway....

:sarcasm:

[SanddancerUSA]

23. $129 for you $1 for me.

Cannot quite remember the exact numbers but The Economist came up with a number that showed that in order to get $1 to the poorest 10% you needed to give $129 (may have ven been $166) to the richest 10%.

[Ignis]

24. Yeah, it worked so well under Reagan and Bush I.

[Lydia Leftcoast]

25. Hiring people and upgrading plants actually reduces a company's taxes

What those corporate fat cats really want is more money for dividends. They'd fire every non-board member in America if they thought it would bring in greater earnings per share.

Japan enjoyed its greatest growth under a period of very high corporate taxes. The reason was that the high taxes reduced the incentive to declare a profit, so they plowed all their earnings into upgrading their plants, training their workers, and conducting intensive R&D.

[yurbud]

26. the rich will create jobs if they are made into sausage and feed to the homeless:

Wall Street executives and bankers are now feeding the very same people whose houses they foreclosed, pensions they stole, and jobs they shipped overseas.

Homeless shelters and food banks have suffered severe shortages due to the breadth and depth of the damage the financial sector has caused, but now they are part of the solution.

It began innocently enough when a former autoworker went outside the homeless shelter near Battery Park for a smoke. A Lincoln Town Car stopped at the curb, the rear window rolled down, and the man inside, mistaking him for a drug dealer, asked him for cocaine.

The autoworker immediately recognized him as the president of the bank that foreclosed his home. He pulled him out the window of his Town Car, and beat him to death with a nearby newsrack.

The other residents heard the scuffle, came out, and before the driver or the autoworker could explain who he was, carried the bank president's body to the kitchen and placed him on a food preparation table to render aid, not knowing that he was already dead...


THE REST:

http://professorsmartass.blogspot.com/2009/02/wall-st-execs-bankers-feed-those-they.html

[Odin2005]

27. It only creates jobs for a few Wall Street speculators.

[spanone]

30. it's the constant republican lie. left to their own devices corporations would pay no tax....

and there would be no social programs

[Indenturedebtor]

31. Of course they will.... in India! n/t

[DU GrovelBot]

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