Sunday, July 10, 2011

How will tax breaks for the rich start creating jobs?

Free market Republicans have been telling us this for over thirty years. I wish that they could tell us when it will happen. The truth is that ever since the Reagan tax cuts the wealthy instead of building factories and creating jobs, chose the faster path to wealth by either importing cheaply made foreign goods for high markup resale here, or investing in the markets, most of that investing in overseas companies.

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