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Discussion in 'News / Current Events' started by Crabtownboy, Sep 20, 2012.
Another Republican myth shot down.
Note the report is from a nonpartisan service.
"...cutting taxes for the rich does not increase saving, investment, or productivity growth..."
Right, because everyone knows that the rich don't save, invest or spend their tax savings. They use the dollar bills to light cigars.
Everyone remembers that the economy stayed flat and that no one's lives improved under the Regan tax cuts.
"The Congressional Research Service (CRS) serves as shared staff to congressional committees and Members of Congress. CRS experts assist at every stage of the legislative process — from the early considerations that precede bill drafting, through committee hearings and floor debate, to the oversight of enacted laws and various agency activities."
Not exactly. Rich people use their money to buy politicians and votes.
I understand how business activity increases money inflation. I understand how business activity helps the the rich to get richer.
I DO NOT understand how business activity makes the pie larger by raising all boats. Business activity raises some classes of boats higher than other classes of boats.
At least then the boats are rising instead of sinking.
Boom! :thumbs: :thumbs: :thumbs: