Oh my, what taxes are you going to lower, on the lower income? You really don't understand how unhealthy it is to have all the money going to the top, do you?
The rich pay most of the taxes, the poor pay little to none. The money isn't going to get better for lower class folks until the economy improves. The government isn't Robin Hood and shouldn't be in the business of wealth redistribution.
And how do you think the economy is going to improve if the lower half doesn't have any money to spend?
If the government alows for a business friendly environment, then people who have money will open up businesses, then those people who have no money can get jobs. The proof is in businesses who fled California to open up in Nevada. one example. There is a misconception that we are all sharing the same economic 'pie' so to speak. You may think someone else is getting an unfair share of the pie, but the solution is to just create more pies. grow thhe economy.
Misrepresentations, Regulations and Jobs
By
Bruce Bartlett
As one can see, the number of layoffs nationwide caused by government regulation is minuscule and shows no evidence of getting worse during the Obama administration.
Lack of demand for business products and services is vastly more important.
These results are supported by surveys. During June and July,
Small Business Majority asked 1,257 small-business owners to name the two biggest problems they face. Only 13 percent listed government regulation as one of them. Almost half said their biggest problem was uncertainty about the future course of the economy — another way of saying a lack of customers and sales.
The Wall Street Journal’s
July survey of business economists found, “The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists.”
In August, McClatchy Newspapers
canvassed small businesses, asking them if regulation was a big problem. It could find no evidence that this was the case.
“None of the business owners complained about regulation in their particular industries, and most seemed to welcome it,” McClatchy reported. “Some pointed to the lack of regulation in mortgage lending as a principal cause of the financial crisis that brought about the Great Recession of 2007-9 and its grim aftermath.”
The
latest monthly survey of its members by the National Federation of Independent Business shows that poor sales are far and away their biggest problem. While concerns about regulation have risen during the Obama administration, they are about the same now as they were during
Ronald Reagan’s administration, according to
an analysis of the federation’s data by the
Economic Policy Institute.
Academic research has also failed to find evidence that regulation is a significant factor in unemployment.
http://economix.blogs.nytimes.com/2011/10/04/regulation-and-unemployment/