Vidi
CDZ prohibited
Ever since I came to this forum, whenever economics, taxes and jobs are brought up, I see the same arguments.
From the Right: Cutting taxes alllows for the job creators to invest that money and create more jobs
From the Left: The Bush Tax cuts have been in place for a decade, Where are the jobs?
Which is always followed by the usual round of the Blame Game.
Well enough of that.
Supply Side economics WORKS. It works exactly as the Right claims it does. Its just that simple.
But wait says the Left, if thats true WHERE are the jobs?
Excellent question. Heres the answer: Singapore, Guatamala, Equador, Thailand, China, Viet Nam, Mexico and a host of other countries.
You see, if America were a closed system, where tax breaks could ONLY be spent/reinvested within the system. Then it would create jobs.
But unfortuinately, our economic borders are wide open. Money can pretty much move freely both in and more importantly OUT of the country. So tax breaks here translate into more jobs for certain, but not AMERICAN JOBS.
That is the fundamental flaw with the Pro Supply Side argument. It MAY create American jobs, but its just as likely to create CHINESE jobs.
Discuss.
From the Right: Cutting taxes alllows for the job creators to invest that money and create more jobs
From the Left: The Bush Tax cuts have been in place for a decade, Where are the jobs?
Which is always followed by the usual round of the Blame Game.
Well enough of that.
Supply Side economics WORKS. It works exactly as the Right claims it does. Its just that simple.
But wait says the Left, if thats true WHERE are the jobs?
Excellent question. Heres the answer: Singapore, Guatamala, Equador, Thailand, China, Viet Nam, Mexico and a host of other countries.
You see, if America were a closed system, where tax breaks could ONLY be spent/reinvested within the system. Then it would create jobs.
But unfortuinately, our economic borders are wide open. Money can pretty much move freely both in and more importantly OUT of the country. So tax breaks here translate into more jobs for certain, but not AMERICAN JOBS.
That is the fundamental flaw with the Pro Supply Side argument. It MAY create American jobs, but its just as likely to create CHINESE jobs.
Discuss.
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