We demand more demand!
And an economic policy that goes with it.
P.S. It's the opposite of 'supplyside' baloney, and it's based on the crazy idea that when workers make money, we spend it; when our wealthy overlords make money, they hoard it or play the stock market with it. Duh!
Showing posts with label money. Show all posts
Showing posts with label money. Show all posts
Sunday, July 8, 2012
Friday, September 17, 2010
Jobs AND Justice
Hitting the nail on the head as usual, Jobs with Justice and allies are demanding -- whaaat? -- jobs?? publicly funded? in the middle of a recession? a "Great Recession"?!?
But aren't we all lucky hold on to what we have without some Big Brother World Government Belgian Queen Elizabeth-Osama bin Laden Jr. Great Satan stepping in and taking away all our tea and freedoms, especially our filthy rich brothers and sisters, who are sitting on a mountain of cash and won't give us a job at the moment, but if we just give them a few more tax breaks they might?
In other words, you my innocent friend may ask, don't taxes take money out of the economy?
The only rational response when you hear this (all over the fracking place) is: WRONG!
(Actually it should be "Wrong, YOU DIPSTICK!") In fact what is taking money out of the economy is giving it to the rich! They aren't investing it. They're hoarding it! (See above.)
OK, carefully, now, carefully: Taxes on the rich, especially on money they are stashing away or blowing on the markets, and using that money to create jobs for working class folks who will certainly spend it, probably locally, is ... what? Taking money out of the economy? Or putting it back in? Hmmm... tough one, eh?
But aren't we all lucky hold on to what we have without some Big Brother World Government Belgian Queen Elizabeth-Osama bin Laden Jr. Great Satan stepping in and taking away all our tea and freedoms, especially our filthy rich brothers and sisters, who are sitting on a mountain of cash and won't give us a job at the moment, but if we just give them a few more tax breaks they might?
In other words, you my innocent friend may ask, don't taxes take money out of the economy?
The only rational response when you hear this (all over the fracking place) is: WRONG!
(Actually it should be "Wrong, YOU DIPSTICK!") In fact what is taking money out of the economy is giving it to the rich! They aren't investing it. They're hoarding it! (See above.)
OK, carefully, now, carefully: Taxes on the rich, especially on money they are stashing away or blowing on the markets, and using that money to create jobs for working class folks who will certainly spend it, probably locally, is ... what? Taking money out of the economy? Or putting it back in? Hmmm... tough one, eh?
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