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Perndog Perndog is offline
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Old Nov 4th, 2004, 02:22 AM       
Tax cuts for the rich = more willingness to invest = stronger markets = more jobs. The motivation is to offset the rampant bear market that has been due for a while now. Though I'm a little skeptical about how effective the effort will be.

Hand a poor man an extra few thousand bucks, and he gets a nicer car. Hand a rich man an extra few million dollars, and he spends it all on a new business because he's already got enough money for himself.

Dipping into the pockets of wealthy business owners wouldn't do anything for the government deficit. A hundred thousand dollars each taken from a hundred thousand rich people would just get swallowed up in the political machine and redistributed among slightly-less-wealthy contractors.

At least cutting taxes for the wealthy has a *possibility* of leading to widespread positive effects. Taking money away from them just means giving it to more of the same people, and giving money to the lower classes just gives them an incentive to buy a couple more consumer luxuries.
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