There’s a better return on investment sending it through Dont Underestimate An Old Hippie With A Cat Shirt the economy by the way of healthcare, education. And roads before you earn your money from providing goods and services to those employed there. When republicans, et. al make the argument that cutting taxes will boost the economy they are depending on several premises that they don’t explicitly state. Probably because it is incredibly easy to refute them. It’s sometimes referred to as trickle-down-theory. It basically says higher profits lead to higher wages for employees. Spoiler alert according to the International Monetary Fund IMF. It doesn’t work. It costs money to set up a business.
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People only create a business if they perceive a market opportunity. That is, they Dont Underestimate An Old Hippie With A Cat Shirts can provide good. Or service that is in demand and can be sold for a profit. Because people don’t have the capital to set up a business in order to exploit them. Cutting taxes will give the wealthy. And companies the capital they need to exploit those opportunities. Which creates jobs and drives the economy. Do you see the flaw in this argument? I’ll give you a hint. It’s on-premise 4. Tax cuts for the wealthy are always predicated on the assumption that the wealthy are just dying to set up new businesses, which will create jobs and “supercharge the economy.
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