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Shiny Things - The Straight Dope: Does cutting taxes create jobs?

Mar. 29th, 2012

09:14 am - The Straight Dope: Does cutting taxes create jobs?

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I thought this was informative.

"A string of millionaire candidates for public office has duped a good chunk of the electorate into thinking the way to create jobs and otherwise solve the problems of the middle class is to cut the taxes of the wealthy. That's absurd. If the massive tax cuts of the Reagan era didn’t do the average worker much good, trimming another percent or two now sure won’t."

The Straight Dope: Does cutting taxes create jobs?

(Meanwhile, when you hear rebuttals that 49.5% of Americans pay no federal income tax, keep in mind that it might be because they're part of the poorest 60 percent of Americans that collectively own less than 5% of our nation's total wealth.)

Comments:

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From:maerson
Date:March 29th, 2012 10:21 pm (UTC)
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Yeah, but most of the folks I've heard complaining about the 49.5% who pay no federal income tax know that it's because they're poor and don't care. They truly have no concept of what it actually means to be poor, to live day-to-day.

It's really kinda sad.

Thanks for sharing this! I have a feeling a lot of folks who would actually benefit from paying attention to it will dismiss it as "liberal propoganda", but that's their choice.
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From:sirvalence
Date:March 30th, 2012 09:38 am (UTC)
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Part of the perceptual problem is that poverty can be considered as being relative rather than absolute. As the richest nation on Earth (for now), I suppose many of our poor people would still be wealthy by global standards. But the thing that I so often want to throw in the face of the people who are okay with the wealth disparity in this nation is, "Does this look like loving thy neighbor as thyself to you?" And also mention relative capacities for life, liberty, and the pursuit of happiness.

And from a fairness standpoint, if we talk about everyone paying their "fair share" of taxes, is fair based strictly off population, or is it based off of each person's proportion of the total wealth? We're kind of lousy about figuring out what "fair" means.