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Old 04-08-2011, 04:00 PM
Florian Florian is offline
Join Date: Mar 2009
Posts: 2,118
Default Re: Character evidence

Originally Posted by Ocean View Post
Lack of employment is due to lack of a healthy market. There's too much unemployment (closing the cycle) and too much personal debt (credit cards, mortgages).
Exactly. The standard of living of middle-class Americans was sustained by high levels of debt during the boom years--from the 1980s onwards. And why was that? Why did so many Americans live beyond their means? Because real incomes rose barely at all and the cost of everything else---notably education and health care--rose faster than the rate of inflation. The only people who came out ahead were those heavily invested in the stock market. When dividends and capital gains are taxed at 15%, only the rich can get richer.

Pouring more money into the wealthiest people isn't going to do much for employment or the economy, unless that money came with certain conditions (to employ people, to invest in job heavy industries). And let's be clear once again, the wealthy have been enjoying the benefits of tax cuts for years now. Obviously the job isn't getting done.
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