That's simply not true. When properly managed, every dollar of tax money put into an economy results in anywhere from $1.50-2.50 in growth.
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Look at it like this, Will: Imagine a person who takes home $10 million in a year, after taxes. Milk still costs $5. Gas is still $3/gal. 1/
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So they end up putting 90% of that money in savings. They sock it away. That removes that money from circulation in the economy. 2/
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Economies only work if money is *moving*. You can have the most money of any country in the world, but if it's not moving, economy dies. 3/
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And rich people/corporations don't hire people just because they have money. Jobs aren't charity. They hire people only if there's need. 4/
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If they don't NEED to hire someone, they don't hire anyone, regardless of their tax rate. Hiring is based on need. Need comes from sales. 5/
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So, if you want to create jobs, you need to make sure as much money as possible continues to circulate in the economy. 6/
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To do that, you have to make sure you tax the very wealthy enough to make sure enough of that money returns to the economy. 7/
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That way, those taxes can be used to employ school teachers, police officers, road workers, and even (dreaded) bureaucrats to some degree 8/
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Ten tweet jest niedostępny.
Socialism isn't always the answer. But this isn't socialism anyway. It's this:pic.twitter.com/ZGcOrJ0y6T
19:35 - 27 paź 2017
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