...create jobs.
See when people are unemployed, they are not spending money. They are contributing very little to economic demand. The benefits people receive provides economic stimulus that would not be there otherwise. This isn't zero sum either. Economic demand creates a ripple effect. The extension as part of Obama's stimulus package cost tax payers 10 billion a month but it generated 16.7 billion a month in economic demand. That in turn created jobs. This is capitalism 101. As long it is the wealthiest of Americans who are taxed the most, the economy will still thrive.
Here is a non partisan source written by economists that further explains what I am saying:
Why Extended Federal Unemployment Benefits Boost the Economy
What the right is not understanding is that these benefits to not provide a cushy lifestyle. Money is still very tight. People are still incentivized to look for jobs. Unforunately, people cannot look for jobs that do not exist. We lost several millions of jobs from the 0'8 crisis. Those jobs are GONE. They didn't go to someone else. That in large part is why so many people have quit looking for jobs.
See when people are unemployed, they are not spending money. They are contributing very little to economic demand. The benefits people receive provides economic stimulus that would not be there otherwise. This isn't zero sum either. Economic demand creates a ripple effect. The extension as part of Obama's stimulus package cost tax payers 10 billion a month but it generated 16.7 billion a month in economic demand. That in turn created jobs. This is capitalism 101. As long it is the wealthiest of Americans who are taxed the most, the economy will still thrive.
Here is a non partisan source written by economists that further explains what I am saying:
Why Extended Federal Unemployment Benefits Boost the Economy
What the right is not understanding is that these benefits to not provide a cushy lifestyle. Money is still very tight. People are still incentivized to look for jobs. Unforunately, people cannot look for jobs that do not exist. We lost several millions of jobs from the 0'8 crisis. Those jobs are GONE. They didn't go to someone else. That in large part is why so many people have quit looking for jobs.
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