Can the Conservatives on this site please 'splain me something? Can you 'splain me why rich folks aren't creating more jobs with their money? Remember: The theory was that if the wealthy kept more of their money by not being taxed, they'd create jobs.
So where are they? Where are all the jobs the untaxed rich were supposed to create?
Smitty says (paraphrase): You can't expect corporations to invest money in a weak economy.
Others say: You don't just create jobs to be creating jobs. That doesn't make sense economically. You have to produce something that consumers WANT.
OK. I'll buy that. I'll buy those arguments. But you can't have it both ways. You can't say "Don't tax us; let us keep ALL our money so we can create jobs." — and then not follow through and create the jobs. There's just something wrong with that equation.
Personally, I get the feeling that rich people really ARE creating jobs. Plenty of them, in fact. They're just not creating them here. Instead, they're creating them in places like India, China, Mexico. Places where they'll get the biggest return on their investment. Because, like they say: That's what makes the most sense economically.
And why not? Building factories in India is what I'd be doing too. If I were rich.
westseattleblog
West Seattle Blog
West Seattle Blog
