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by NTDF9 2891 days ago
What is paradoxical is that American voters keep voting to reduce taxes for the rich, who don't do anything with that saved money to increase businesses.

Taxes should be lower for the poor who would thus spend more and keep the economic engine running and create jobs.

Taxes should be much higher for the rich so that that money is used by Govt to do infrastructure work (create jobs) or pay down debt (and thus provide services and create jobs).

Lowering taxes for the rich just allows the rich to seek investments that will increase their own wealth, not necessary creating jobs (Some VCs are an abberation to this).

1 comments

They keep electing people who reduce taxes for the rich. If it was up for a direct vote, I doubt most of these tax bills would pass. The last one was deeply unpopular with the public.

Some of it's just failings of a two party system. You vote for the one you like better, but given a binary choice it's a fairly non-specific vote.

I think this a great opportunity for someone to make a real time "consequences" website.

Whatever the candidate says, fact check it and display a few important impacts to people directly. Economic is the easiest. Another good one is jobs, taxes, quality of life, debt, inequality.