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by vorotato 3186 days ago
Seriously your argument is that the wealthy spend money? You know who spends money even better? The government, the government literally spends all the money. By your argument we should be giving as much money to the government as possible as they will spend, or invest it.
1 comments

No the wealthy don't spend money - that's the problem. They take the money and move it offshore or into a tax shelter and it gets invested and sits.

Compare to someone who's poor - they spend most of their take-home pay on daily needs that spur the economy.

Cutting taxes for the rich only gives them more money - trickle-down theory has been proven to not work, and in fact the biggest net return for governments is to simply hand out cash (qualified as welfare/food stamps or unqualified like universal income) - that gets the government like 1.7x the amount handed out in tax receipts inbound as the cash passes through the economy.