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The Economy is based on Demand
The Economy is based on Demand for Goods and Services.
Additional demand is what tells Business to go out and Hire New Employees.
No Additional Demand, No New Jobs.
Give a million dollar tax break to someone that makes 10 million a Year.
That extra million ends up in a stock portfolio of some other investment.
The Velocity of that million dollars is Zero.
New Demand is Zero.
Give that same Million to the People at the bottom.
That Million dollars goes BACK into the Economy at the Speed of Light.
It gets spent on Food, Housing, Gas, utilities.
The Velocity of that Million is Very High.
Every place that money is spent sees New Demand.
The New Demand At the BOTTOM creates NEW Jobs.
Tax Cuts for the Wealthy do NOT.
Econ101
Gary Permalink on 5/20/2012
The Texas Progressive Alliance reminds everyone that early voting has begun as it brings you this week's blog roundup. Off the Kuff finished his interview tour of Texas with a conversation with Domingo Garcia in CD33. BossKitty at TruthHugger will not weigh in, whether or not the truth was actually served in court, when a black lady fired a warning shot into a wall. Firing a gun in irresponsible ways is natural in Texas. But, Florida has contradictory laws that allow courts to pick and choose who gets punished for similar irresponsible behavior. You can decide for yourself how good a job of it they do. Texas Gov. Rick Perry came to Williamson County this week, he endorsed John Bradley for DA. WCNews at Eye On Williamson has the rest of the story, Birds of a feather. It was a good week to be gay if you were Barack Obama and John Carona, and a bad week to be gay if you were Mitt Romney and Dan Patrick. And if you think that's confusing, wait until you read what PDiddie at Brains and Eggs said about Greg Abbott's rose petals and Joe Arpaio's pink panties. Lewisville Texan Journal looks at Republican candidate for HD 106, Pat Fallon's residence, and addresses whether he committed voter fraud by voting from an address where he apparently did not live. At TexasKaos, lightseeker asks Could the Education Cuts be the beginning of the End for Texas Republican? Check out the details. Neil at Texas Liberal endorsed Sean Hubbard in the Democratic primary for the open U.S. Senate seat.
Gary Permalink on 5/18/2012