The problem with this is that as demand increases for goods, and the corporations are paying higher taxes, they have less resources to create jobs in which to fill the demand, which will result in higher prices, and we are right back at square one. Purchasing power remains unchanged.
no, your logic is flawed. first, i didnt call for higher taxes on the rich. i said decreasing taxes on the poor helps the economy more so than decreasing taxes on the rich. in that scenario, decreasing taxes for the poor, we increase demand without changing the amount of resources available to business. but, yes, prices would rise. they always do when demand rises.
but see, here is where your logic fails, eocnomic adjustments are only fractional. prices dont rise to the point where they offset increases in demand, they only rise to the point at which the new demand will make production the most proftable. so even if taxes were raised on the rich, if demand was to increase at the same time(decreased taxes on the poor), production would still increase to match demand and thus jobs would be created.
LOL very simple minded approach here, businesses create demand as well...they dont just respond to it.
the govt is simply going to give that money back out isnt it? thats the point the left makes about taxation.
To help limit debt and spur the economy?
well if thats the case then lets see it happen with everyone. Not just the ppl that make a certain amount or higher.
Everybody needs to have skin in the game.
business can create demand, sure. but they only do so when the demand for their products increase. see, the end game is the consumer demand.
the poor already pay taxes. there is truth in some of the conservative talking points. taxes are dead weight on the economy. they disincentive. when you tax poor people they work less and they spend less. double whammy.
