Saturday, December 31, 2011
Sunday, December 11, 2011
Friday, December 09, 2011
Monday, December 05, 2011
Saturday, December 03, 2011
The BIG Tax Lie
THE BIG TAX LIE
Tax cuts for middle class wage earners doesn't stimulate the economy while tax cuts for the rich or excuse me "job creators" does create stimulus and the economy.
TAX REALITY
Propensity to spend, that is the likelihood that for every additional dollar (the marginal dollar) is greater for middle class wage earners than it is for the rich and well off. This "velocity of money" difference causes extra money in the pockets of wage earners to move through the economy faster creating greater wealth "the multiplier effect" than if it were given to the rich who won't spend as much of that marginal dollar
Tax cuts for average Americans are better for the economy than those for the rich
Demand creates jobs, business does not.
This Holiday season is seeing a time of "pent up demand" People have been saving more and feel the need to spend some of that money.
Tax cuts for middle class wage earners doesn't stimulate the economy while tax cuts for the rich or excuse me "job creators" does create stimulus and the economy.
TAX REALITY
Propensity to spend, that is the likelihood that for every additional dollar (the marginal dollar) is greater for middle class wage earners than it is for the rich and well off. This "velocity of money" difference causes extra money in the pockets of wage earners to move through the economy faster creating greater wealth "the multiplier effect" than if it were given to the rich who won't spend as much of that marginal dollar
Tax cuts for average Americans are better for the economy than those for the rich
Demand creates jobs, business does not.
This Holiday season is seeing a time of "pent up demand" People have been saving more and feel the need to spend some of that money.
