Wednesday, November 5, 2008

Call me socialist but here's what I think about taxes

tax cuts on wealthy don't guarantee higher economic growth or employment - hiring decisions are not based on tax benefits received to the wealthy upper class, it's driven value added motive. If hiring an extra worker reaps more benefit than cost, then it's a sound decision. Tax cuts promote consumption, not employment. Here's a good piece if I'm not convincing..
http://robertreich.blogspot.com/2008/11/mini-depression-and-maximum-strength.html

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