Skip to comments.Reid: ‘Even the tea party’ supports 5 percent tax increase on millionaires
Posted on 10/05/2011 12:10:45 PM PDT by Libloather
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So $20 billion is going to pay for the $447 billion in the jobs bill? Zer0’s jobs bill is not only bad math, it is a way to deliver more money to more union workers. With more union workers, the unions will have more workers to indoctrinate and money in their political coffers to spread that propaganda to the electorate.
At the same time, with 5% extracted from the high wage earners, that is less money they can use for investing in new workers and the workers needed to build the physical plant needed for expansion.
A worker can have money in his pocket for consumer goods. However, being able to use that money for business ventures is not going to happen. Only the rich are in that position. When the rich are hamstrung with increased costs from regulations, taxes, fuel costs and infrastructure problems, their unique position in the economic system is undermined.
I hope the American people are smart enough to think this through.
See my post #51. Thank you.