Conservative Bullshit: Chapter One
Tax breaks for job creators help the economy.
This is in Republican fairyland, where by “job creators” we mean very rich people, and by “tax breaks” we mean that we’re giving them more money.
1. Giving more money to very rich people does not create jobs. If a very rich person (or company) suddenly finds itself with lots of extra money, there is nothing at all to suggest that they will spend this money on jobs. Think about that for a moment - why would they? They might hang on to it as liquid assets, they might merge with another company (which usually creates more unemployment) or they might just buy a fleet of yachts or something (which, if you’re concerned about unemployment in the yacht sector, might be good news I guess?). And even if there were some way to force companies to hire people (and remember that conservatives don’t seem to want to force companies to do anything), they’d probably outsource.
2. There is a way to put heavy pressure on manufacturers to create more jobs, and that is to increase demand for their products (especially in a country like America that seems to run its domestic markets on demand rather than supply). And one quick, easy way to do that (as Franklin Roosevelt discovered) is to pump money into the bottom of the economy. In other words, giving poor people more money will create more jobs. You can make them do bullshit jobs to get it, if you like; it won’t make any difference to the overall effect. Taxing rich people more than poor people isn’t “unfair” or “punishing the successful”; it’s fixing the economy.
Basically, the real job creators are the average every day consumer.