Thursday, December 5, 2013

Econ. 101 Type Stuff & other Economic Musing

-Workers create wealth.

-Demand creates jobs; no demand, no jobs.

-Giving workers an ever decreasing piece of the pie, means an ever deceasing economy size. Workers spend a higher portion of their earning. The larger their share of the pie, increasing the velocity money circulates in the economy, creating more demand, which creates more jobs, businesses have greater sales, more taxes are paid, less demand for government assistance & reduces the size of discretionary expenditures.

If we did this, ended tax breaks for millionaires and billionaires, get full taxes from businesses. Stop government welfare to those same millionaires & billionaires and all of those corporations. Then finally using drones to carpet bond offshore tax-shelters. We and most other debt laden nations could eliminate most national debt within a generation or so....

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