Okay, the topic of this post is how the GOP is anti-jobs. If you can’t tell by their insane economics policy statements, allow me to explain :
The GOP policy for getting the economy back on track is to give tax cuts to the already rich and powerful – giving them even more disproportionally large sums of money. They claim this will increase employment when the recipients of all the benefits pour money back into the economy. They continue to claim this even as history shows that it is not the case.
Okay, so the math-based article linked by “shows” above pretty much made the case I was set to make – but I will re-state it in my own weird way.
Rich people are rich because they have more money than they know what to do with. They ‘invest’ because they already have all the food, entertainment, cars, boats, houses and what-not that they want. Giving the already rich tax breaks only means that they can ‘invest’ more. Investing doesn’t create jobs. Maybe a few will invest in start-ups or expansions, but most will invest in Mutual Funds or established company stocks or bonds, maybe even Annuities or Certificates of Deposit. Very few jobs created. Just look at the jobs numbers after the Bush tax cuts – the middle class even lost money.
The only reality-based way to create jobs and revitalize the economy is to put more money into the hands of middle class and poor people. How to do that? I don’t really know. How do you make greedy people give up their excess? The only way I can see it happening is lowering CEO and Executive salaries and increasing worker salaries and wages. Perhaps, as some have suggested, we need a Maximum Wage?
The GOP is not ‘business friendly’ they are ‘profits friendly’ but not, in any way, ‘jobs friendly.’