(no subject)

[hudebnik]

From NPR: "Republicans, however, refused to accept the proposed surtax on the top two tenths of one percent, saying they are the job creators."

Actually, I think it's quite likely that the richer you are, the more jobs you create. I have a harder time believing that the richer you are, the more jobs you create per dollar. So it doesn't follow that a dollar given to a billionaire will create more jobs than a dollar given to a welfare mom, or that a dollar taxed from a billionaire will destroy more jobs than a dollar taxed from a minimum-wage worker.

In particular, if the sole purpose of the upper-income tax cut increase is to pay for a middle-class tax cut, as in the case at hand, the effect will almost certainly be net job creation.

Comments

[hudebnik.livejournal.com]

i think you meant upper-income tax increase is to pay for a middle class tax cut.

Oops; fixed, thanks.