Cutting taxes does jack shit for creating jobs. Why? Because stimulating supply means jack shit if you don't stimulate demand. Seriously think about it. Say you have a shoe business that has a steady supply each month. You sell a total of 200 pairs in your store each month. You receive a tax cut which allows you to sell 300 in your store instead of 200 per month. The demand hasn't changed. You would still sell 300 shoes at the same rate as before. Meaning at the end of the month you would have 100 shoes leftover. That 100 would only carry over to the next month.
There is no problem with supply in today's economy. There is no problem with supply in today's economy. Low wages is what feeds it.
Cutting taxes does jack shit for creating jobs. Why?
Because you're wrong.
Because stimulating supply means jack shit if you don't stimulate demand. Seriously think about it. Say you have a shoe business
Say that taxes are too high and they stop you from opening your shoe business in the first place.
There is no problem with supply in today's economy.
Sure there is, my shoe business is on the drawing board, not creating jobs and sales.
Low wages is what feeds it.
You can raise the minimum wage, but the employees in the store I never opened won't benefit.
You receive a tax cut which allows you to sell 300 in your store instead of 200 per month.
Excellent! This will encourage me to expand from 2 stores to 3. More jobs, more sales, more profits!