1) if you want to stimulate economic growth, you help the middle class and poor, not the wealthy. Think about this. The wealthy are doing better now MORE THAN EVER BERORE, so why has growth not been faster? It's because the middle class is shrinking because of rising income inequality. The rise in income inequality will only destabilize our economy even further because consumer spending is decreasing. Consumer spending is vital to the economy - it accounts for 70% of it.
Meanwhile, all this stimulus (tax cuts) to the wealthy does jack shit for the economy overall. Why? Two reasons: A) the wealthy are investing less and less these days because it is just easier for them to keep the money they save rather than make huge investments to grow their business. And even if they were investing more money, it wouldn't do jack shit to increase economic demand which is ultimately what matters. Businesses invest more when demand is up. B) the wealthy, individually when it comes to consumer spending, spend just as much money as someone in the middle class does when it comes to daily/monthly purchases. Sure they make extravagant purchases, but those ultimately do little for the economy at large.
2) Most Americans side with liberal issues that republicans oppose like raising the minimum wage, certain gun control laws, extending unemployment benefits, and gay marriage. Oh and recent polls show that most Americans believe in dramatic climate change and want the gov to do something about it.
Meanwhile, all this stimulus (tax cuts) to the wealthy does jack shit for the economy overall. Why? Two reasons: A) the wealthy are investing less and less these days because it is just easier for them to keep the money they save rather than make huge investments to grow their business. And even if they were investing more money, it wouldn't do jack shit to increase economic demand which is ultimately what matters. Businesses invest more when demand is up. B) the wealthy, individually when it comes to consumer spending, spend just as much money as someone in the middle class does when it comes to daily/monthly purchases. Sure they make extravagant purchases, but those ultimately do little for the economy at large.
2) Most Americans side with liberal issues that republicans oppose like raising the minimum wage, certain gun control laws, extending unemployment benefits, and gay marriage. Oh and recent polls show that most Americans believe in dramatic climate change and want the gov to do something about it.
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